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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Auto shops
2340 Us Hwy 27, Saint Johns, MI 48879-9101
Entity Owned
8-yr Hold
Free & Clear
Property ID
US43-3036248
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2017
Total area
6,000 SF
Lot
9.64 ac (420,136 SF)
Zoning code
I-1
APN
030-004-300-026-00
UPID
US43-3036248
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
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$741k
Blend (final)
Blend
$545k
Owner & transaction history
Mlt Properties LLC · 8 yrs held
Mlt Properties LLC
since 2017
2 recorded transactions
Zoning & alternative use
I-1 · Saint Johns, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$615,000
+25.4%
Restaurant
$530,000
+8.4%
Medical building
$525,000
+7.0%
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
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$490,000
Current use
OFFICE BUILDING
$615,000
Change: +25% · Conversion: Difficult
RESTAURANT
$530,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$525,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$495,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$91 / 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
$13,558
Tax year 2022
Assessed value
$364,300
Assessed 2024
Previous assessed
$366,400
-0.6% YoY
Effective rate
3.72%
On assessed value
Assessed land
$82,500
Assessed improvement
$281,800
Land market value
$165,000
Improvement market value
$563,600
Total market value
$728,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2017
Heating
SPACE
Stories
2
Total area
6,000 SF
Lot
9.64 ac (420,136 SF)
Zoning code
I-1
APN
030-004-300-026-00
UPID
US43-3036248
Jurisdiction
CLINTON
Zoning & alternative use
I-1 · Saint Johns, MI
Zoning I-1 · permitted uses
I-1 · 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
AUTO REPAIR, GARAGE Current
Est. value
$490,000
OFFICE BUILDING
Est. value
$615,000
RESTAURANT
Est. value
$530,000
MEDICAL BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$495,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2017
Heating
SPACE
Stories
2
Lot
9.64 ac
Current owner
From public records · entity-resolved
Mlt Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1841 GOVER PKWY, MOUNT PLEASANT, MI 48858-8166
Ownership since
2017
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
Oct 20, 2017
—
Mlt Properties LLC
Lalone Properties LLC
Quit Claim Deed
related
—
Jul 28, 2016
$125,000
La Lone Properties LLC
Rj & J Partnership
Warranty Deed
—
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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