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Property profile & analytics
OFF-MARKET
Estimated value
$3,820,000
Commercial real estate
1241 M 36, Pinckney, MI 48169-8133
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-4197115
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
76,188 SF
Lot
11.97 ac (521,413 SF)
Zoning code
VSBD
APN
14-23-400-058
UPID
US43-4197115
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
$3.82M
Blend (final)
Blend
$3.82M
Owner & transaction history
Nreg Us Holdings Ltd · 2 yrs held
Nreg Us Holdings Ltd
since 2023
7 recorded transactions
Zoning & alternative use
VSBD · Pinckney, 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 Pinckney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinckney 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.82M
Range $3.44M – $4.20M · ±10%
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
$50 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$100,175
Tax year 2023
Assessed value
$2,680,091
Assessed 2024
Previous assessed
$2,680,091
+0.0% YoY
Effective rate
3.74%
On assessed value
Total market value
$5,360,182
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Buildings
17
Stories
1
Total area
76,188 SF
Lot
11.97 ac (521,413 SF)
Zoning code
VSBD
APN
14-23-400-058
UPID
US43-4197115
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
VSBD · Pinckney, MI
Zoning VSBD · permitted uses
VSBD · Pinckney, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pinckney. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
17
Lot
11.97 ac
Current owner
From public records · entity-resolved
Nreg Us Holdings Ltd
Entity
Mailing address
101-403 XXXXX ST UNIT WESTMINISTER XX XX
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
Fernco Development Ltd
—
Deed
related
$9,000,000 · Premier Bank
Sep 11, 2023
—
Nreg Us Holdings Ltd
Noort Investments Ltd
Deed
—
Aug 16, 2017
—
Fernco Dev Ltd
—
Deed
related
$4,800,000 · First Fed'l Bk/the Midwest
Dec 11, 2012
$2,545,000
Fernco Dev Ltd
Glw Properties LLC
Warranty Deed
—
Jun 21, 2005
—
Wiltse,gary A & Lori J
Wiltse Gary A Trust
Quit Claim Deed
related
—
—
—
Fernco Dev Ltd
—
Deed Of Trust
related
$4,800,000 · First Fed'l Bk/the Midwest
—
—
Glw Properties LLC
—
Deed Of Trust
related
$350,000 · Chelsea St 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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