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Property profile & analytics
OFF-MARKET
Commercial real estate
11885 Marsh Rd Shelbyville, MI 49344-9446
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-4454137
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2015
Total area
3,308 SF
Lot
0.86 ac (37,549 SF)
Zoning code
HIGH DENSITY RE
APN
08-11-050-001-00
UPID
US43-4454137
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
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
Legacy Prop Of Michigan LLC · 7 yrs held
Legacy Prop Of Michigan LLC
since 2019
6 recorded transactions
Zoning & alternative use
HIGH DENSITY RE · Shelbyville, 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 Shelbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelbyville 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
$4,635
Tax year 2023
Assessed value
$119,900
Assessed 2024
Previous assessed
$119,900
+0.0% YoY
Effective rate
3.87%
On assessed value
Total market value
$239,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
1
Total area
3,308 SF
Lot
0.86 ac (37,549 SF)
Zoning code
HIGH DENSITY RE
APN
08-11-050-001-00
UPID
US43-4454137
Jurisdiction
BARRY
Zoning & alternative use
HIGH DENSITY RE · Shelbyville, MI
Zoning HIGH DENSITY RE · permitted uses
HIGH DENSITY RE · Shelbyville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelbyville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
FORCED AIR
Stories
1
Buildings
1
Bathrooms
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Legacy Prop Of Michigan LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3347 SANDY BCH ST, WAYLAND, MI 49348-9333
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2019
—
Legacy Prop Of Michigan LLC
Vickery,douglas M & Sharon K
Quit Claim Deed
related
—
May 1, 2019
$250,000
11885 Marsh Rd LLC
Legacy Prop Of Michigan LLC
Warranty Deed
—
May 24, 2017
—
Legacy Prop Of Michigan LLC
Vickery,douglas M & Sharon K
Warranty Deed
related
—
Apr 1, 2016
—
Douglas M Vickery
Winchester Emma
Quit Claim Deed
related
—
Jan 6, 2016
—
Douglas M Vickery
Vickery,douglas M & Sharon K
Quit Claim Deed
related
—
Oct 28, 2015
—
Norman E Anderson
Vickery,douglas M & Sharon K
Warranty Deed
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.
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