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Property profile & analytics
OFF-MARKET
Commercial real estate
156 Vienna St Clio, MI 48420-1334
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-0020994
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,200 SF
Lot
0.1 ac (4,225 SF)
Zoning code
CBD
APN
51-15-578-011
UPID
US43-0020994
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
Joseph W Gadany · 7 yrs held
Joseph W Gadany
since 2019
6 recorded transactions
Zoning & alternative use
CBD · Clio, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to permit a variety of traditional commercial, administrative, financial, civic, cultural, residential, entertainment, and recreational activities in an effort to provide a harmonious mix of activities that serve to enhance the downtown core of Clio.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
4.24 ac
Source
Realmo
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 Clio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clio 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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,763
Tax year 2021
Assessed value
$53,100
Assessed 2023
Previous assessed
$54,100
-1.8% YoY
Effective rate
7.09%
On assessed value
Total market value
$106,200
Applied tax rate
51.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
3,200 SF
Lot
0.1 ac (4,225 SF)
Zoning code
CBD
APN
51-15-578-011
UPID
US43-0020994
Jurisdiction
GENESEE
Zoning & alternative use
CBD · Clio, MIZoning CBD · permitted uses
CBD · Clio, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to permit a variety of traditional commercial, administrative, financial, civic, cultural, residential, entertainment, and recreational activities in an effort to provide a harmonious mix of activities that serve to enhance the downtown core of Clio.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
4.24 ac
Source
Realmo
Building & site characteristics
From public records
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Joseph W Gadany
Individual
Mailing address
12291 FLD RD, CLIO, MI 48420-8219
Ownership since
2019
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
Jan 7, 2019
$80,000
Joseph W Gadany
Vk Investments LLC
Warranty Deed
—
Apr 27, 2017
—
Joseph W Gadany
Vk Investments LLC
Quit Claim Deed
—
Aug 8, 2016
—
Vk Investments LLC
—
Deed
related
$49,000 · New Buffalo Svgs Bk
Jan 22, 2016
$20,000
Vk Investments LLC
Forman,kevin & Karen L
Warranty Deed
—
Mar 29, 2007
$115,000
Kevin Forman
Kenneth E Shumate
Warranty Deed
$140,000 · National City Bank
—
—
Vk Investments LLC
—
Deed Of Trust
related
$49,000 · New Buffalo Svgs Bk
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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