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Property profile & analytics
FOR LEASE
Retail space
163 S Main St Leslie, MI 49251
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1065040
For Lease
1 / 19
$12 SF/Yr
163 S Main St, Leslie, MI 49251
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1890
Total area
2,908 SF
Lot
0.13 ac (5,663 SF)
Zoning code
B1 GEN
APN
33-17-14-28-202-019
UPID
US43-1065040
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
-
Sproat Realty Professionals - Leslie Real Estate Agency
-
Mary Shean Real Estate Agency
-
Mary Serra - REALTOR Real Estate Agency
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
Camry Property LLC · 3 yrs held
Camry Property LLC
since 2022
Last sale
$210,000
2 recorded transactions
Zoning & alternative use
B1 GEN · Leslie, 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 Leslie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leslie 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
$3,437
Tax year 2021
Assessed value
$80,400
Assessed 2023
Previous assessed
$68,600
+17.2% YoY
Effective rate
4.27%
On assessed value
Assessed land
$10,050
Assessed improvement
$70,350
Land market value
$20,100
Improvement market value
$140,700
Total market value
$160,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1890
Heating
YES
Stories
1
Total area
2,908 SF
Lot
0.13 ac (5,663 SF)
Zoning code
B1 GEN
APN
33-17-14-28-202-019
UPID
US43-1065040
Jurisdiction
INGHAM
Zoning & alternative use
B1 GEN · Leslie, MI
Zoning B1 GEN · permitted uses
B1 GEN · Leslie, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leslie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Heating
YES
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Camry Property LLC
Entity
Mailing address
5402 WALSH RD, WHITMORE LAKE, MI 48189-9673
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
$210,000
Camry Property LLC
Mary A Shean
Warranty Deed
$157,500 · True Community Credit Union
May 11, 2004
—
Mary A Shean
Shean,charles G
Quit Claim 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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