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Property profile & analytics
OFF-MARKET
Estimated value
$5,215,000
Strip malls
13105 Schavey Rd Dewitt, MI 48820-9037
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US43-2047149
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Total area
56,579 SF
Lot
8.48 ac (369,389 SF)
Zoning code
BSC
APN
050-170-000-084-00
UPID
US43-2047149
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
-
Liddell Michael DO Pediatrician Physician
-
Chiropractor - DeWitt Alternative Medicine Practice
-
Regeneration Wellness & Regeneration Wellness Infusions Spa & Massage Center Alternative Medicine Practice
-
Kingsbury Jennifer L Physician
-
True Node Consulting Life Coach
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.22M
Owner & transaction history
Jnl Partners LLC · 17 yrs held
Jnl Partners LLC
since 2009
1 recorded transaction
Zoning & alternative use
BSC · 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
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
OFFICE BUILDING
$7,515,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$6,245,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,750,000
Change: 0% · Conversion: Difficult
RESTAURANT
$5,005,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$4,940,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,570,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$3,260,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.22M
Range $4.69M – $5.74M · ±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
$92 / 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
$89,445
Tax year 2022
Assessed value
$2,103,200
Assessed 2024
Previous assessed
$2,087,000
+0.8% YoY
Effective rate
4.25%
On assessed value
Assessed land
$247,500
Assessed improvement
$1,855,700
Land market value
$495,000
Improvement market value
$3,711,400
Total market value
$4,206,400
Applied tax rate
50.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1978
Heating
YES
Buildings
5
Stories
1
Total area
56,579 SF
Lot
8.48 ac (369,389 SF)
Zoning code
BSC
APN
050-170-000-084-00
UPID
US43-2047149
Jurisdiction
CLINTON
Zoning & alternative use
BSC · Dewitt, MI
Zoning BSC · permitted uses
BSC · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.5M
RETAIL STORES
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RESTAURANT
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.3M
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1978
Heating
YES
Stories
1
Buildings
5
Lot
8.48 ac
Current owner
From public records · entity-resolved
Jnl Partners LLC
Entity
Mailing address
2149 JOLLY RD STE #200, OKEMOS, MI 48864-6027
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2009
—
Jnl Partners LLC
T & L Partnership
Warranty Deed
$312,447 · Jpmorgan Chase Bank NA
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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