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Property profile & analytics
OFF-MARKET
Retail space
121 Main St Dewitt, MI 48820-8975
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-2075467
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
2,400 SF
Lot
0.42 ac (18,426 SF)
Zoning code
CB
APN
200-100-000-207-00
UPID
US43-2075467
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
-
Hungry Howie's Pizza Take-out & Catering
-
hungry howie s pizza, Hungry Howies Logo Restaurant
-
D J Robinson Accounting Accounting Firm Tax Preparation
-
Liz Thompson, De La Rosa Artistry, Hair Stylist Hair Salon
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
Dewitt Land Company LLC · 5 yrs held
Dewitt Land Company LLC
since 2021
5 recorded transactions
Zoning & alternative use
CB · 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,351
Tax year 2022
Assessed value
$118,600
Assessed 2024
Previous assessed
$115,800
+2.4% YoY
Effective rate
3.67%
On assessed value
Assessed land
$21,900
Assessed improvement
$96,700
Land market value
$43,800
Improvement market value
$193,400
Total market value
$237,200
Applied tax rate
200.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
YES
Stories
1
Total area
2,400 SF
Lot
0.42 ac (18,426 SF)
Zoning code
CB
APN
200-100-000-207-00
UPID
US43-2075467
Jurisdiction
CLINTON
Zoning & alternative use
CB · Dewitt, MI
Zoning CB · permitted uses
CB · 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
1900
Heating
YES
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Dewitt Land Company LLC
Entity
Mailing address
PO BOX 780, BRIGHTON, MI 48116-0780
Ownership since
2021
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 6, 2022
—
D & G Development LLC
—
Deed
related
$139,650 · The Dart Bank
Jun 11, 2021
—
Dewitt Land Company LLC
Plait Pizza Company
Warranty Deed
—
Jun 7, 2021
—
Plait Pizza Company
Dewitt Land Company LLC
Warranty Deed
$425,000 · First National Bank
Feb 17, 2017
$106,000
Msd Properties LLC
David A Wolff
Warranty Deed
—
Feb 17, 2017
$152,000
D & G Development LLC
Msd Properties LLC
Warranty Deed
$121,600 · The Dart 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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