Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

291 12Th St Plainwell, MI 49080

FOR SALE
Auto shops
Property ID
US43-2252650
12,480 SF 1.39 ac lot Built 1998
Last sale Oct 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Class A, 12,480 square foot auto shop in Plainwell, Michigan, is listed at $1,500,000. Currently leased to Gerber Collision & Glass, a nationally recognized brand with over 700 locations, this property offers a strong, passive investment opportunity. The lease, a Net-Net-Net (NNN) agreement with limited landlord responsibilities, provides a current annual rent of $94,500, increasing to $99,228 in July 2025. This translates to a 6.45% average cap rate. The tenant, Gerber Collision, is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value · 2024$237k
Assessed land$23k
Assessed improvement$214k
Effective rate4.46%

Value estimate

· Oct 2026
$445k
$401k – $490k
AI approach$445k
Submarket $/SF estimate$584k
NOI build-up
Gross scheduled income$86k
Vacancy & credit loss−$2k
Operating expenses−$25k
NOI · 4.44% cap applied$58k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$71/SF
County average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$47 – $116

Cap rate analysis

How does the asset earn?
4.44%
$58k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.0
Hair Salon12.2
Parking Facility11.0

Location

291 12Th St Plainwell, MI 49080
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 10 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
954 Brg, Plainwell, MI 49080-1843 $42,730 Apr 2021 7,993 SF
777 Main, Plainwell, MI 49080-1363 $60,000 Feb 2020 5,680 SF
152 Main, Plainwell, MI 49080-1351 $80,000 Dec 2019 2,739 SF
1168 Brg, Plainwell, MI 49080-1512 $700,000 Aug 2019 960 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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