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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Automotive properties
1300 Walnut Dl Dr, Dorr, MI 49323-5106
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-2583128
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2014
Total area
31,890 SF
Lot
14 ac (609,840 SF)
APN
05-013-035-20
UPID
US43-2583128
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
$3.69M
Blend (final)
Blend
$3.94M
Owner & transaction history
1300 Walnut Dale LLC · 5 yrs held
1300 Walnut Dale LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+79.0%
Restaurant
$3.5M
+54.1%
Commercial (general)
$3.5M
+53.5%
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 Dorr submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dorr 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
Alternative Use
Use
Estimation
RETAIL STORES
$4,035,000
Change: +79% · Conversion: Difficult
RESTAURANT
$3,475,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,460,000
Change: +53% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,140,000
Change: +39% · Conversion: Easy
OFFICE BUILDING
$3,100,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,475,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±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
$124 / 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
$53,619
Tax year 2023
Assessed value
$2,001,500
Assessed 2024
Previous assessed
$1,699,300
+17.8% YoY
Effective rate
2.68%
On assessed value
Assessed land
$147,500
Assessed improvement
$1,854,000
Land market value
$295,000
Improvement market value
$3,708,000
Total market value
$4,003,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2014
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
31,890 SF
Lot
14 ac (609,840 SF)
APN
05-013-035-20
UPID
US43-2583128
Jurisdiction
ALLEGAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$4.0M
RESTAURANT
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
INDUSTRIAL (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
2014
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
14 ac
Current owner
From public records · entity-resolved
1300 Walnut Dale LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5190 KENOWA AVE SW, WYOMING, MI 49418-9503
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
Feb 24, 2021
—
1300 Walnut Dale LLC
Vr Properties LLC
Warranty Deed
—
Jan 19, 2018
—
Vr Properties LLC
Pinnacle Vetnhtures LLC
Warranty Deed
$2,160,000 · Grand River Bank
Feb 27, 2014
—
Pinnacle Ventures LLC
Walnut Dale Dorr LLC
Warranty Deed
—
Feb 6, 2014
—
Mountain Gate Michigan LLC
Walnut Dale Dorr LLC
Warranty Deed
—
Jan 31, 2014
—
Walnut Dale Dorr LLC
Dorr Investment Group LLC
Warranty Deed
—
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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