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Property profile & analytics
FOR LEASE
Retail space
218 S Main St, Almont, MI 48003
Trust Owned
3-yr Hold
Free & Clear
Property ID
US43-4380287
For Lease
1 / 45
$2,500/Mo
218 S Main St, Almont, MI 48003
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
3,030 SF
Lot
0.25 ac (10,803 SF)
Zoning code
C1
APN
041-475-080-00
UPID
US43-4380287
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
Newburgh Trust 32 6649912 · 3 yrs held
Newburgh Trust 32 6649912
since 2022
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
C1 · Almont, 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 Almont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Almont 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,040
Tax year 2023
Assessed value
$135,900
Assessed 2024
Previous assessed
$117,800
+15.4% YoY
Effective rate
3.71%
On assessed value
Total market value
$271,800
Applied tax rate
41.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2006
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,030 SF
Lot
0.25 ac (10,803 SF)
Zoning code
C1
APN
041-475-080-00
UPID
US43-4380287
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C1 · Almont, MI
Zoning C1 · permitted uses
C1 · Almont, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Almont. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Newburgh Trust 32 6649912
Trust
Free & Clear · 3 yrs held
Mailing address
8679 26TH MILE RD #218, WASHINGTON, MI 48094-2967
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Newburgh Trust 32 6649912
Stephen Marshall Lindsey
Quit Claim Deed
related
—
Jun 18, 2019
—
Lindsey Stephen-m
Lindsey,tephen M
Quit Claim Deed
related
—
Aug 13, 2018
$250,000
Stephen M Lindsey
Ligon Properties LLC
Warranty Deed
—
Jun 4, 2012
$150,000
Ligon Properties LLC
Tri Cnty Bk
Warranty Deed
—
Nov 15, 2011
$125,997
Tri Cnty Bk
Deputy Sheriff Of Lapeer County
Trustees Deed
related
—
—
—
Tyler Group LLC
—
Deed Of Trust
related
$137,779 · Tri-county Bank
—
—
Tyler Group LLC
—
Deed Of Trust
related
$162,221 · Tri-county 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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