Entity Owned 
For Sale
1 / 40
$549,000
2110 N Concord Rd, Albion, MI 49224
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Property summary
AI-generated overview
This standalone commercial building was originally constructed in 1965 and is configured with a large open retail/sales area, four bathrooms, and a small kitchen area for day-to-day operations. It includes a 30 ft by 58 ft oversized attached garage/storage space that provides flexible space for uses such as inventory storage, service activities, or light distribution. The property also has a 20 ft by 10 ft walk-in cooler and a fenced pergola area off the rear of the building. Building systems include a steel roof, forced-air heating, and central air conditioning. The exterior features a large digital sign positioned for highway visibility. The site previously included above-ground LP tanks, and an environmental study completed in September 2025 indicates the property is suitable for future use and development.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
3,765 SF
Lot
3.05 ac (132,858 SF)
Zoning code
C 2
APN
000-06-27-376-002-01
UPID
US43-2127001
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Propane Supplier
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$125k
Owner & transaction history
since 2025
6 recorded transactions
Zoning & alternative use
C 2 · Albion, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$125k
Value range
$113k – $138k
±10% around blend
Estimated value / SF
$33 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
40
Income certainty
100
$113k
blend $125k
$138k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,765 SF
Lot area
3.05 ac
Year built
1965
Stories
1
APN
000-06-27-376-002-01
Zoning
C 2
Assessed value
$229,400
Annual tax
$5,034
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,034
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$139k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.6 mi away · 4,108 SF
17.1 mi away · 3,894 SF
17.1 mi away · 3,098 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$125k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 104 sales
$68
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $33/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.12%
Selected cap rate for this retail space
Derived from the Albion market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.12%
9.0%
NOI (est.)
$39k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$549k
Move the market yield to see immediate price impact.
Value / SF
$146
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.62%7.12%7.62%
$35k
$531k
$494k
$462k
$39k
$590k
$549k
$513k
$43k
$649k
$604k
$564k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$220k
12.3 mi · Mar 2026 · $48/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,034
Tax year 2022
Assessed value
$229,400
Assessed 2023
Previous assessed
$227,800
+0.7% YoY
Effective rate
2.19%
On assessed value
Assessed improvement
$229,400
Improvement market value
$458,800
Total market value
$458,800
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1965
Heating
FORCED AIR
Stories
1
Total area
3,765 SF
Lot
3.05 ac (132,858 SF)
Zoning code
C 2
APN
000-06-27-376-002-01
UPID
US43-2127001
Jurisdiction
JACKSON
Zoning & alternative use
C 2 · Albion, MIZoning C 2 · permitted uses
C 2 · Albion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Stories
1
Lot
3.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C 2
Jurisdiction
Albion, MI
Recorded code
C 2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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