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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2832 Midland Rd, Bay City, MI 48706-9264
Entity Owned
~
Est. High Equity
Property ID
US43-0466567
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1950
Total area
4,800 SF
Lot
0.92 ac (40,050 SF)
Zoning code
R1
APN
100-024-400-080-00
UPID
US43-0466567
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
Current use
Occupant on record · Public records
-
The Finest (Antiques & Home Décor) Home Decor Store (Bike/Boat/Book/etc) Store
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
J C Herbolsheimer Properties LLC
J C Herbolsheimer Properties LLC
since 2025
Last sale
$100,000
5 recorded transactions
Zoning & alternative use
R1 · Bay City, 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 Bay City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay City 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
$2,493
Tax year 2023
Assessed value
$87,900
Assessed 2024
Previous assessed
$85,800
+2.4% YoY
Effective rate
2.84%
On assessed value
Total market value
$175,800
Applied tax rate
100.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Stories
1
Total area
4,800 SF
Lot
0.92 ac (40,050 SF)
Zoning code
R1
APN
100-024-400-080-00
UPID
US43-0466567
Jurisdiction
BAY
Zoning & alternative use
R1 · Bay City, MI
Zoning R1 · permitted uses
R1 · Bay City, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bay City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
J C Herbolsheimer Properties LLC
Entity
Mailing address
2832 MIDLAND RD, BAY CITY, MI 48706-9264
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$118,000
J C Herbolsheimer Properties LLC
Ricky A Schmidt Trust No 1
Warranty Deed
$129,000 · 1st State Bank
Oct 18, 2024
—
Ricky A Schmidt
Ricky A Schmidt
Deed
related
—
Jan 11, 2021
—
Ricky A Schmidt
Ricky A Schmidt
Quit Claim Deed
related
—
Apr 24, 2018
$100,000
Ricky Schmidt
Sulaiman,zeki
Warranty Deed
$80,000 · Wildfire Cu
Mar 31, 2009
$57,500
Zeki Sulaiman
My Time INC
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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