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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Assisted living facilities
1177 Solon Rd 1-3, Dewitt, MI 48820-8655
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-2191714
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Construction
WOOD
Total area
6,155 SF
Lot
4.19 ac (182,516 SF)
Zoning code
PO
APN
050-021-400-115-00
UPID
US43-2191714
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
-
Divine Life Assisted Living of Dewitt (formerly Serene Gardens of DeWitt) Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.69M
Owner & transaction history
1177 Solon Road LLC · 2 yrs held
1177 Solon Road LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
PO · Dewitt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dewitt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dewitt 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
$1,685,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10% · vs last sale $1.69M (Jan 12 2024)
Last sale anchor
$1.69M
Jan 12 2024
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
$274 / 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
$45,198
Tax year 2022
Assessed value
$791,300
Assessed 2024
Previous assessed
$796,600
-0.7% YoY
Effective rate
5.71%
On assessed value
Assessed land
$122,300
Assessed improvement
$669,000
Land market value
$244,600
Improvement market value
$1,338,000
Total market value
$1,582,600
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1988
Construction
WOOD
Heating
YES
Buildings
4
Stories
1
Total area
6,155 SF
Lot
4.19 ac (182,516 SF)
Zoning code
PO
APN
050-021-400-115-00
UPID
US43-2191714
Jurisdiction
CLINTON
Zoning & alternative use
PO · Dewitt, MI
Zoning PO · permitted uses
PO · Dewitt, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dewitt. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
YES
Stories
1
Buildings
4
Lot
4.19 ac
Current owner
From public records · entity-resolved
1177 Solon Road LLC
Entity
Mailing address
2045 BIRCH BLF DR, OKEMOS, MI 48864-5965
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
—
1177 Solon Road LLC
8542 Shaver Road LLC
Warranty Deed
—
Jan 12, 2024
$1,685,000
Avs Holdings 3 LLC
1177 Solon Road LLC
Warranty Deed
$2,400,000 · The Dart Bank
Jan 5, 2024
—
Avs Holdings 3 LLC
—
Deed
related
$750,000 · The Dart Bank
Mar 9, 2023
—
8542 Shaver Road LLC
—
Deed
related
$1,000,000 · Highpoint Community Bank
Oct 6, 2022
—
8542 Shaver Road LLC
Mcap Dewitt Propco LLC
Deed
—
Nov 6, 2020
—
Mcap Dewitt Propco LLC
—
Deed
related
$30,135,000 · Synovus Bank
Nov 5, 2020
—
Mcap Dewitt Propco LLC
Arhc Ppdwtmi01 LLC
Deed
—
Jan 4, 2018
—
Arhc Ppdwtmio1 LLC
—
Deed
related
$8,200,000 · Capital One NA
Sep 12, 2014
$3,384,286
Arhc Ppdwtmi01 LLC
Leisure Living Properties Dewitt Ll
Deed
—
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.
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