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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Automotive properties
1201 Michigan Ave, Marshall, MI 49068-1465
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2222601
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1960
Total area
18,046 SF
Lot
4.51 ac (196,673 SF)
Zoning code
B4-GEN (IAA)
APN
53-004-923-00
UPID
US43-2222601
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
-
DeNooyer Chevrolet Marshall Parts Auto Parts Store
-
DeNooyer Chevrolet Marshall Service Auto Repair Shop
-
DeNooyer Chevrolet Marshall Car Dealership Auto Repair Shop
-
Caron Chevrolet Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.10M
Owner & transaction history
Denooyer Auto Group Marshall LLC · 3 yrs held
Denooyer Auto Group Marshall LLC
since 2023
Last sale
$835,000
2 recorded transactions
Zoning & alternative use
B4-GEN (IAA) · Marshall, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+65.6%
Office building
$1.2M
+35.0%
Retail stores
$1.1M
+22.8%
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 Marshall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshall 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
$1,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$905,000
Current use
RESTAURANT
$1,500,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$1,220,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$1,110,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$940,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $835k (Mar 31 2023)
Last sale anchor
$835k
Mar 31 2023
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
$61 / 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
$27,850
Tax year 2022
Assessed value
$561,600
Assessed 2024
Previous assessed
$562,800
-0.2% YoY
Effective rate
4.96%
On assessed value
Total market value
$1,123,200
Applied tax rate
13,110.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Stories
1
Total area
18,046 SF
Lot
4.51 ac (196,673 SF)
Zoning code
B4-GEN (IAA)
APN
53-004-923-00
UPID
US43-2222601
Jurisdiction
CALHOUN
Zoning & alternative use
B4-GEN (IAA) · Marshall, MI
Zoning B4-GEN (IAA) · permitted uses
B4-GEN (IAA) · Marshall, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshall. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$905,000
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$940,000
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
1960
Heating
FORCED AIR
Stories
1
Lot
4.51 ac
Current owner
From public records · entity-resolved
Denooyer Auto Group Marshall LLC
Entity
Mailing address
5800 STADIUM DR, KALAMAZOO, MI 49009-1936
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
—
Denooyer Auto Group Marshall LLC
Slipface LLC
Warranty Deed
$732,000 · Macatawa Bank
Mar 31, 2023
$835,000
Slipface LLC
32 Degrees LLC
Warranty Deed
$732,000 · Macatawa Bank
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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