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Property profile & analytics
OFF-MARKET
Commercial real estate
2959 Oden Rd, Alanson, MI 49706-9531
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-4205502
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Zoning code
LTT R-2
APN
08-16-13-400-020
UPID
US43-4205502
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Petoskey Venture LLC · 2 yrs held
Petoskey Venture LLC
since 2024
7 recorded transactions
Zoning & alternative use
LTT R-2 · Alanson, 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 Alanson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alanson 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
Property tax & assessments
Assessed value
$251,400
Assessed 2023
Previous assessed
$221,800
+13.3% YoY
Assessed land
$251,400
Land market value
$502,800
Total market value
$502,800
Applied tax rate
8.0000
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
Zoning code
LTT R-2
APN
08-16-13-400-020
UPID
US43-4205502
Jurisdiction
EMMET
Zoning & alternative use
LTT R-2 · Alanson, MI
Zoning LTT R-2 · permitted uses
LTT R-2 · Alanson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alanson. Always verify with local authorities before improvements.
Current owner
From public records · entity-resolved
Petoskey Venture LLC
Entity
Free & Clear · 2 yrs held
Mailing address
200 DIVISION ST, PETOSKEY, MI 49770-2486
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$8,681
Petoskey Venture LLC
Emmet County Treasurer
Deed
related
—
Mar 27, 2024
$8,386
Emmet County Treasurer
Petoskey Venture LLC
Foreclosure
related
—
Mar 1, 2024
$8,366
Emmet County Treasurer
Petoskey Venture LLC
Foreclosure
related
—
Oct 6, 2022
—
Petoskey Venture LLC
—
Deed
related
$1,400,000 · Artemis Realty Capital Advisors
Aug 2, 2021
—
Petoskey Venture LLC
—
Deed
related
$4,250,000 · First National Bank Of Howell
Jul 14, 2017
—
Petoskey Ventures LLC
—
Deed
related
$1,000,000 · Broadfield Special Finacing LLC
Jan 5, 2017
—
Petoskey Venture LLC
—
Deed
related
$1,184,000 · Clayton Bank & Trust
Mar 18, 2016
—
Petoskey Venture LLC
Conway Commons Associates
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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