Financial
Distress signals
Property profile

14124 N State Rd Otisville, MI 48463

FOR SALE
Other commercial real estate
Property ID
US43-1457550
1,620 SF 1.29 ac lot
Last sale Jul 2023 · $89,900
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 14124 N State Road, Forest Twp, Michigan, is a commercial building configured for a customer-facing front showroom area and dedicated rear storage space. The rear section features high ceilings suitable for a range of back-of-house functions, supported by a layout that also includes a small kitchen area and one bathroom for daily use. The building’s on-site mechanical system includes a forced-air furnace that is described as new. The interior arrangement is designed to separate…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$3k
Tax billed · 2019
Assessed value · 2023$83k
Effective rate3.04%

Value estimate

· Sep 2026
$90k
$81k – $99k
NOI build-up
Gross scheduled income$15k
Vacancy & credit loss−$1k
Operating expenses−$4k
NOI · 5.74% cap applied$9k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$67/SF
County average, outlier-cleaned · 994 recorded sales of this use type
Observed band · Q1–Q3$32 – $110
Qualifying comparables14

Cap rate analysis

How does the asset earn?
5.74%
$9k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGENESEE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply9.0
Auto Repair Shop8.9
HVAC Service8.9

Location

14124 N State Rd Otisville, MI 48463
County assessor Recorded deeds · 4 transfers 14 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9491 Vienna, Otisville, MI 48463-9784 $178,000 Jun 2024 1,096 SF
400 Main, Otisville, MI 48463-8410 $110,000 Feb 2024 3,298 SF
152 State, Otisville, MI 48463-7736 $100,000 Apr 2023 2,880 SF
142 State, Otisville, MI 48463-8445 $115,000 May 2022 1,128 SF
124 Main, Otisville, MI 48463-7713 $35,000 Nov 2021 1,121 SF
9412 Dodge, Otisville, MI 48463-8414 $360,000 May 2019 3,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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