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Property profile & analytics
OFF-MARKET
Estimated value
$6,370,000
Strip malls
1939 Scott Rd, Saint Johns, MI 48879-9039
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-2038359
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
70,510 SF
Lot
9.33 ac (406,415 SF)
Zoning code
C-2
APN
030-015-300-092-00
UPID
US43-2038359
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
$6.37M
Owner & transaction history
Wb LLC · 6 yrs held
Wb LLC
since 2019
5 recorded transactions
Zoning & alternative use
C-2 · Saint Johns, 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 Saint Johns submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Johns 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,215,000
Change: 0% · Conversion: Moderate
RESTAURANT
$6,235,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$6,155,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,845,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,755,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,145,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$6.37M
Range $5.73M – $7.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$60,933
Tax year 2022
Assessed value
$1,801,900
Assessed 2024
Previous assessed
$1,858,600
-3.1% YoY
Effective rate
3.38%
On assessed value
Assessed land
$82,100
Assessed improvement
$1,719,800
Land market value
$164,200
Improvement market value
$3,439,600
Total market value
$3,603,800
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
YES
Stories
1
Total area
70,510 SF
Lot
9.33 ac (406,415 SF)
Zoning code
C-2
APN
030-015-300-092-00
UPID
US43-2038359
Jurisdiction
CLINTON
Zoning & alternative use
C-2 · Saint Johns, MI
Zoning C-2 · permitted uses
C-2 · Saint Johns, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Johns. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.2M
RESTAURANT
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
YES
Stories
1
Lot
9.33 ac
Current owner
From public records · entity-resolved
Wb LLC
Entity
Mailing address
PO BOX 121704, CLERMONT, FL 34712-1704
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2019
—
Wb LLC
—
Deed
related
$8,300,000 · Morgan Stanley Bank NA
Jul 16, 2019
—
Wb LLC
The Willow Bend Apartments LLC
Quit Claim Deed
related
—
Feb 23, 2017
—
The Willow Bend Apartments LLC
Kerr St Johns LLC
Warranty Deed
—
Feb 2, 2007
—
Kerr St Johns LLC
Wal Mart Realty Co
Other
—
Oct 26, 2006
$2,809,138
Wal Mart Realty Co
Elaine Place LP
Other
—
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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