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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Commercial land
24th Ave, Mears, MI 49436
Entity Owned
6-yr Hold
Free & Clear
Property ID
US43-2792885
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
3.07 ac (133,729 SF)
APN
006-361-011-50
UPID
US43-2792885
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
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Off Road Amusenments LLC · 6 yrs held
Off Road Amusenments LLC
since 2020
Last sale
$1.1M
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 Mears submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mears 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
$1,215,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±10% · vs last sale $1.10M (Mar 9 2020)
Last sale anchor
$1.10M
Mar 9 2020
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
—
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
$758
Tax year 2022
Assessed value
$97,000
Assessed 2023
Previous assessed
$97,000
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$97,000
Land market value
$194,000
Total market value
$194,000
Applied tax rate
6.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
3.07 ac (133,729 SF)
APN
006-361-011-50
UPID
US43-2792885
Jurisdiction
OCEANA
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
Lot
3.07 ac
Current owner
From public records · entity-resolved
Off Road Amusenments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1434 BYRON RD, BYRON CENTER, MI 49315-8919
Ownership since
2020
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
Mar 9, 2020
—
Off Road Amusenments LLC
Michael Baker LLC
Quit Claim Deed
related
—
Apr 24, 2019
$650,000
Nathaniel Albert Bancroft
Patricia Rae Lyn Nardini
Sheriffs Deed
related
—
Oct 10, 2018
—
Patricia Rae Lyn Nardini
Erik Halil Nardini
Intrafamily Transfer
related
—
Sep 18, 2018
—
Patricia Rae Lyn Nardini
Erik Halil Nardini
Intrafamily Transfer
related
—
Apr 18, 2018
$1,100,000
Patricia Rae Lyn Nardini
Nathaniel Albert Bancroft
Warranty Deed
$650,000 · Nathaniel Albert Bancroft Etal
Apr 18, 2018
—
Nathaniel Albert Bancroft
Liquid Racing LLC
Intrafamily Transfer
related
$495,000 · Re Capital Management LLC
Mar 14, 2014
$190,000
Mears Appletree Properties LLC
Lawrence W Wagner
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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