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Property profile & analytics
OFF-MARKET
Auto shops
229 Leigh St, Homer, MI 49245-1052
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-2342477
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Total area
1,421 SF
Lot
0.44 ac (19,297 SF)
APN
43-100-009-00
UPID
US43-2342477
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
Mitchell Pease · 2 yrs held
Mitchell Pease
since 2024
Last sale
$82,250
7 recorded transactions
Zoning & alternative use
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 Homer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homer 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,296
Tax year 2022
Assessed value
$29,890
Assessed 2024
Previous assessed
$29,570
+1.1% YoY
Effective rate
4.34%
On assessed value
Total market value
$59,780
Applied tax rate
13,080.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
1,421 SF
Lot
0.44 ac (19,297 SF)
APN
43-100-009-00
UPID
US43-2342477
Jurisdiction
CALHOUN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mitchell Pease
Individual
Free & Clear · 2 yrs held
Mailing address
364 E LEIGH ST, HOMER, MI 49245-1144
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
—
Mitchell Pease
—
Deed
related
$90,000 · County National Bank
Feb 20, 2024
$82,250
Mitchell Pease
Steven Holsinger
Warranty Deed
—
Jan 31, 2023
$75,000
Steven Holsinger
Lawrence Gardon
Warranty Deed
—
Feb 8, 2010
—
Steven Holsinger
Lawrence Gardon
Land Contract
—
Dec 28, 2009
$65,000
Jody Glaspey
Charles Clay
Warranty Deed
—
Dec 28, 2009
$50,000
Lawrence Gardon
Jody Glaspey
Warranty Deed
—
Dec 20, 2006
—
Jody Glaspey
Charles Clay
Land Contract
—
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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