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Property profile & analytics
OFF-MARKET
Estimated value
$12,395,000
Commercial real estate
295 Colony Dr Saginaw, MI 48638-7103
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0992131
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
180,790 SF
Lot
11.27 ac (490,921 SF)
Zoning code
R-3
APN
23-12-4-29-1028-000
UPID
US43-0992131
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
-
Township Court Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.39M
Blend (final)
Blend
$12.40M
Owner & transaction history
Mark Township Court Apartments LLC · 4 yrs held
Mark Township Court Apartments LLC
since 2022
5 recorded transactions
Zoning & alternative use
R-3 · Saginaw, 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 Saginaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saginaw 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.40M
Range $11.16M – $13.63M · ±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
$69 / 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
$271,372
Tax year 2022
Assessed value
$5,397,500
Assessed 2023
Previous assessed
$5,397,500
+0.0% YoY
Effective rate
5.03%
On assessed value
Total market value
$10,795,000
Applied tax rate
23.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
PACKAGE
Stories
1
Total area
180,790 SF
Lot
11.27 ac (490,921 SF)
Zoning code
R-3
APN
23-12-4-29-1028-000
UPID
US43-0992131
Jurisdiction
SAGINAW
Zoning & alternative use
R-3 · Saginaw, MI
Zoning R-3 · permitted uses
R-3 · Saginaw, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saginaw. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
PACKAGE
Stories
1
Lot
11.27 ac
Current owner
From public records · entity-resolved
Mark Township Court Apartments LLC
Entity
Mailing address
10990 WILSHIRE BLVD STE #420, LOS ANGELES, CA 90024-3929
Ownership since
2022
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
Jun 16, 2023
—
Andmark Township Court Apartments L
—
Deed
related
$9,956,000 · The Citizens Bank
Jan 14, 2022
—
Mark Township Court Apartments LLC
Freg Township Court Associates LLC
Deed
$9,956,000 · Chambers Bank
May 19, 2016
—
Freg Township Court Assocs LLC
Township Court Terraces LLC
Quit Claim Deed
related
$6,336,900 · Walker & Dunlop
Oct 24, 2012
—
Alcurt Saginaw II LLC
Gracen Associates LLC
Grant Deed
$13,000,000 · Td Bank NA
—
—
Township Court Terraces LLC
—
Deed Of Trust
related
$69,532 · Beech Street Capital LLC
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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