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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Grocery and convenience stores
12720 7th Mile NE Rd Belding, MI 48809-9644
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-1534106
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Total area
22,608 SF
Lot
8 ac (348,480 SF)
Zoning code
C1
APN
41-12-22-200-008
UPID
US43-1534106
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
-
Grattan Center Storage Storage Facility
-
KD's Corner Party Supply Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$996k
Blend (final)
Blend
$995k
Owner & transaction history
Daron J Ensign · 10 yrs held
Daron J Ensign
since 2015
7 recorded transactions
Zoning & alternative use
C1 · Belding, MI
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 Belding submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belding 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
$995k
Range $896k – $1.09M · ±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
$44 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$3,837
Tax year 2019
Assessed value
$451,300
Assessed 2023
Previous assessed
$356,400
+26.6% YoY
Effective rate
0.85%
On assessed value
Total market value
$902,600
Applied tax rate
22.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
22,608 SF
Lot
8 ac (348,480 SF)
Zoning code
C1
APN
41-12-22-200-008
UPID
US43-1534106
Jurisdiction
KENT
Zoning & alternative use
C1 · Belding, MIZoning C1 · permitted uses
C1 · Belding, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
pub signs m6cPt
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
8 ac
Current owner
From public records · entity-resolved
Daron J Ensign
Individual
Mailing address
12211 HART ST NE, GREENVILLE, MI 48838-9320
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2020
—
Daron J Ensign
—
Deed
related
$102,250 · Isabella Bk
Dec 4, 2018
—
Daron J Ensign
—
Deed
related
$150,000 · Isabella Bk
Nov 21, 2018
—
Daron J Ensign
—
Deed
related
—
Oct 29, 2015
—
Daron J Ensign
William J Landstra
Warranty Deed
$137,752 · Isabella Bank
Jan 26, 2015
—
William J Landstra
Landstra,william J
Quit Claim Deed
related
—
—
—
Daron J Ensign
—
Deed Of Trust
related
$150,000 · Isabella Bk
—
—
Daron J Ensign
—
Loan Modification
related
—
—
—
Daron J Ensign
—
Deed Of Trust
related
$102,250 · Isabella 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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