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Property profile & analytics
OFF-MARKET
Manufacturing properties
11840 Toledo Bch Rd, La Salle, MI 48145-9455
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1979846
Property profile
Verified
Property type
Manufacturing properties
Use group
SHIPYARD - BUILT OR REPAIRED
Year built
1960
Total area
204,396 SF
Lot
93.98 ac (4,093,769 SF)
APN
09-185-001-02
UPID
US43-1979846
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
-
Ship Shape Marine Factory Production Facility
-
Stray Cat Charter Fishing of Lake Erie Tour Operator Travel Agency
-
Safe Harbor Toledo Beach Marina Boat Accessories Supplier
-
Reed Yacht Sales (Bike/Boat/Book/etc) Store
-
Following Dreams Fishing Charter Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shm Toledo Beach LLC · 8 yrs held
Shm Toledo Beach LLC
since 2018
5 recorded transactions
Zoning & alternative use
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 La Salle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Salle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$47,635
Tax year 2023
Assessed value
$1,110,100
Assessed 2023
Previous assessed
$1,110,100
+0.0% YoY
Effective rate
4.29%
On assessed value
Total market value
$2,220,200
Applied tax rate
9.0000
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
Manufacturing properties
Use group
SHIPYARD - BUILT OR REPAIRED
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
204,396 SF
Lot
93.98 ac (4,093,769 SF)
APN
09-185-001-02
UPID
US43-1979846
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
93.98 ac
Current owner
From public records · entity-resolved
Shm Toledo Beach LLC
Entity
Free & Clear · 8 yrs held
Mailing address
14785 PRESTON RD STE #975, DALLAS, TX 75254-6878
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2018
—
Shm Toledo Beach LLC
Tbm Associates LLC
Grant Deed
related
—
Apr 4, 2011
—
Tbm Associates LLC
Spe Go Holdings INC
Quit Claim Deed
related
—
Oct 18, 2010
$2,900,000
Spe Go Holdings INC
Deputy Sheriff Of Monroe County
Trustees Deed
related
—
Nov 23, 2005
—
Thi INC
Thi INC
Quit Claim Deed
related
—
—
—
Tb Associates LLC
—
Loan Modification
related
$15,267,300 · Flagstar Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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