Individually Owned 
For Sale
1 / 30
$134,900
11991 N Woodbridge Ave, Bitely, MI 49309
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Property summary
AI-generated overview
The property at 11991 N Woodbridge Avenue, Bitely, Michigan, consists of a corner commercial building and associated land. The building contains approximately 2,200 square feet of commercial space and is situated at the intersection of M-37 and 15 Mile Rd, providing frontage and visibility along this corridor. The site includes just over 10 acres of land, which allows for potential future expansion and additional site development consistent with commercial use within northern Newaygo County.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
2,240 SF
Lot
1.03 ac (44,997 SF)
Zoning code
LOCAL ZONE
APN
02-22-100-025
UPID
US43-3460286
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Big Box & Wholesale Store
Location
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
Zoning & alternative use
LOCAL ZONE · Bitely, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
2,240 SF
Lot area
1.03 ac
Stories
1
APN
02-22-100-025
Zoning
LOCAL ZONE
Assessed value
$27,373
Annual tax
$861
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$27k
Move the market yield to see immediate price impact.
Value / SF
$12
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2k
$34k
$25k
$19k
$2k
$38k
$27k
$21k
$2k
$42k
$30k
$23k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$861
Tax year 2022
Assessed value
$27,373
Assessed 2023
Previous assessed
$20,300
+34.8% YoY
Effective rate
3.15%
On assessed value
Total market value
$54,746
Applied tax rate
6,226.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Heating
FORCED AIR
Stories
1
Total area
2,240 SF
Lot
1.03 ac (44,997 SF)
Zoning code
LOCAL ZONE
APN
02-22-100-025
UPID
US43-3460286
Jurisdiction
NEWAYGO
Zoning & alternative use
LOCAL ZONE · Bitely, MIZoning LOCAL ZONE · permitted uses
LOCAL ZONE · Bitely, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
1.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LOCAL ZONE
Jurisdiction
Bitely, MI
Recorded code
LOCAL ZONE
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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Full report includes
- Full Property Data
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- Location Insight
- Alternative use
- Local Zoning Insight
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Enterprise Plan
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