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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Outlet malls
11743 Bunkerhill Rd, Pleasant Lake, MI 49272-9500
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-4289194
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2017
Total area
8,956 SF
Lot
2.48 ac (108,029 SF)
Zoning code
C-1
APN
000-04-16-326-001-12
UPID
US43-4289194
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Western Union Bank Credit Union
-
Dollar General Discount Store
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$950k
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$975k
Owner & transaction history
Adstone Dg Northeast LLC · 4 yrs held
Adstone Dg Northeast LLC
since 2021
4 recorded transactions
Zoning & alternative use
C-1 · Pleasant Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$755,000
+23.9%
Medical building
$735,000
+20.6%
Office building
$665,000
+9.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pleasant Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasant Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
RETAIL STORES
$610,000
Current use
RESTAURANT
$755,000
Change: +24% · Conversion: Easy
MEDICAL BUILDING
$735,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$600,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$109 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$17,755
Tax year 2022
Assessed value
$411,900
Assessed 2023
Previous assessed
$488,300
-15.6% YoY
Effective rate
4.31%
On assessed value
Assessed improvement
$411,900
Improvement market value
$823,800
Total market value
$823,800
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Stories
1
Total area
8,956 SF
Lot
2.48 ac (108,029 SF)
Zoning code
C-1
APN
000-04-16-326-001-12
UPID
US43-4289194
Jurisdiction
JACKSON
Zoning & alternative use
C-1 · Pleasant Lake, MI
Zoning C-1 · permitted uses
C-1 · Pleasant Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pleasant Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$610,000
RESTAURANT
Est. value
$755,000
MEDICAL BUILDING
Est. value
$735,000
OFFICE BUILDING
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$600,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
FORCED AIR
Stories
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Adstone Dg Northeast LLC
Entity
Free & Clear · 4 yrs held
Mailing address
800 CLINTON SQ, ROCHESTER, NY 14604-1730
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
—
Adstone Dg Northeast LLC
Pleasantville Partners LLC
Deed
—
Oct 25, 2018
—
Pleasantville Partners LLC
Midwest V LLC
Warranty Deed
related
$2,754,356 · Chemical Bk
Apr 9, 2018
—
Midwest V LLC
—
Deed
related
—
—
—
Midwest V LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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