Realmo Analytics

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Financial
Distress signals
Property profile

14640 Gratiot Rd Hemlock, MI 48626

FOR SALE
Commercial real estate
Property ID
US43-0345233
5,830 SF 1.86 ac lot
Last sale Mar 2018 · $90,000
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$44k
Effective rate7.23%

Value estimate

· Oct 2026
$230k
$207k – $253k
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$2k
Operating expenses−$14k
NOI · 10.11% cap applied$33k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$39 – $113
Qualifying comparables21

Cap rate analysis

How does the asset earn?
10.11%
$33k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
A-2
JurisdictionSAGINAW

Location intelligence

Which uses thrive at this corner?

Location

14640 Gratiot Rd Hemlock, MI 48626
County assessor Recorded deeds · 2 transfers 21 qualifying comp sales Zoning catalog

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
265 Saginaw, Hemlock, MI 48626-9239 $140,000 Oct 2024 4,013 SF
16575 Gratiot, Hemlock, MI 48626-8616 $250,000 Jul 2022 8,512 SF
16625 Gratiot, Hemlock, MI 48626-8617 $173,000 Sep 2021 5,000 SF
14980 Gratiot, Hemlock, MI 48626-9753 $200,000 Jul 2021 5,428 SF
16690 Gratiot, Hemlock, MI 48626-8617 $320,000 Feb 2020 4,384 SF
205 Saginaw, Hemlock, MI 48626-9239 $57,500 Oct 2019 3,520 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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