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Property profile & analytics
OFF-MARKET
Commercial real estate
135 Genesee St, Frankenmuth, MI 48734-1304
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1236015
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2011
Total area
200 SF
Lot
0.39 ac (17,076 SF)
Zoning code
B2 COMM
APN
03-11-6-27-1363-000
UPID
US43-1236015
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Heidinger Investments LLC · 2 yrs held
Heidinger Investments LLC
since 2024
6 recorded transactions
Zoning & alternative use
B2 COMM · Frankenmuth, 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 Frankenmuth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frankenmuth 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
$2,940
Tax year 2022
Assessed value
$52,500
Assessed 2023
Previous assessed
$52,500
+0.0% YoY
Effective rate
5.60%
On assessed value
Total market value
$105,000
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
200 SF
Lot
0.39 ac (17,076 SF)
Zoning code
B2 COMM
APN
03-11-6-27-1363-000
UPID
US43-1236015
Jurisdiction
SAGINAW
Zoning & alternative use
B2 COMM · Frankenmuth, MI
Zoning B2 COMM · permitted uses
B2 COMM · Frankenmuth, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Frankenmuth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Heidinger Investments LLC
Entity
Mailing address
100 S MAIN ST, FRANKENMUTH, MI 48734-1612
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
—
Heidinger Investments LLC
Barbara H Romer
Warranty Deed
$750,000 · Frankenmuth Cu
Apr 20, 2016
—
Barbara H Heidinger
Heidinger,gary E
Quit Claim Deed
related
—
Mar 1, 2011
—
Sequoia Funding Trust
Security Natl Fndg Trust
Quit Claim Deed
related
—
Mar 1, 2011
$170,000
Gary Heidinger
Sequoia Funding Trust
Grant Deed
—
Mar 30, 2007
—
Security National Funding Trust
Security Natl Trust 2003-1
Quit Claim Deed
related
—
May 23, 2005
$373,624
Security Natl Remic Trust 2003-1
Deputy Sheriff Of Saginaw County
Trustees Deed
related
—
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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