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Property profile & analytics
FOR SALE
Commercial real estate
16237 Jennings Rd, Fenton, MI 48430
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-5252935
$995,000
16237 Jennings Rd, Fenton, MI 48430
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
1,648 SF
Lot
0.76 ac (33,149 SF)
Zoning code
GBD
APN
53-34-100-014
UPID
US43-5252935
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
-
Joseph J Abraham PC Law Firm
-
LEAN SIGMA DYNAMICS Business Management Consultant
-
Bukuri Clothing & Fashion Store
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
Indigo Application Partners LLC · 1 yrs held
Indigo Application Partners LLC
since 2024
6 recorded transactions
Zoning & alternative use
GBD · Fenton, 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 Fenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fenton 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 2019Property tax & assessments
Tax year 2019
Tax billed
$4,518
Tax year 2019
Assessed value
$150,000
Assessed 2023
Previous assessed
$145,400
+3.2% YoY
Effective rate
3.01%
On assessed value
Total market value
$300,000
Applied tax rate
53.0000
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
For Sale
Year built
1900
Heating
FORCED AIR
Stories
2
Total area
1,648 SF
Lot
0.76 ac (33,149 SF)
Zoning code
GBD
APN
53-34-100-014
UPID
US43-5252935
Jurisdiction
GENESEE
Zoning & alternative use
GBD · Fenton, MI
Zoning GBD · permitted uses
GBD · Fenton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fenton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Indigo Application Partners LLC
Entity
Mailing address
16237 JENNINGS RD STE B, FENTON, MI 48430-9130
Mailing matches property
Yes
Owner-occupied
Yes
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
Jul 26, 2024
—
Indigo Application Partners LLC
Gjergj Dedivanaj
Affidavit
—
May 18, 2023
—
16237 Jennings Road Holdings LLC
16237 Jennings Rd LLC
Land Contract
—
Nov 3, 2022
$325,000
16237 Jennings Rd LLC
Brian K Hickmkan
Warranty Deed
$260,000 · The State Bank
Sep 21, 2007
$250,000
Brian K Hickman
Toonder,roger A & Barbara G
Warranty Deed
—
Jul 28, 2004
—
Brian K Hickman
Toonder,roger A & Barbara G
Grant Deed
related
—
—
—
Brian K Hickman
—
Deed Of Trust
related
$1,500,000 · Seaway Community Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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