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Financial
Distress signals
Property profile

315 N State Rd Otisville, MI 48463

FOR LEASE
Other commercial real estate
Property ID
US43-4284792
8,320 SF 0.66 ac lot Built 2016
Last sale Aug 2026 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A freestanding commercial building constructed in 2017, providing approximately 8,320 square feet of interior space. The property is configured for commercial use and is suitable for retail, medical, or service-based businesses. It includes 24 dedicated parking spaces and features monument signage. The site is positioned to support business access and customer visibility from the surrounding roadway.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$20k
Tax billed · 2019
Assessed value · 2023$418k
Effective rate4.74%

Value estimate

· Oct 2026
$430k
$387k – $473k
Submarket $/SF estimate$763k
NOI build-up
Gross scheduled income$129k
Vacancy & credit loss−$5k
Operating expenses−$37k
NOI · 863,690.00% cap applied$86k

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$67/SF
County average, outlier-cleaned · 994 recorded sales of this use type
Observed band · Q1–Q3$32 – $110
Qualifying comparables25

Cap rate analysis

How does the asset earn?
863,690.00%
$86k 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.

JurisdictionGENESEE

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 agency10.4
Building Supply9.6
HVAC Service9.5

Location

315 N State Rd Otisville, MI 48463
County assessor Recorded deeds · 3 transfers 25 qualifying comp sales 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
337 State, Otisville, MI 48463-9486 $640,000 Jan 2026 10,177 SF
292 State, Otisville, MI 48463-8421 $1,176,000 Nov 2023 9,156 SF
387 State, Otisville, MI 48463-9503 $250,000 Mar 2022 10,548 SF
10074 Lk, Otisville, MI 48463-9714 $160,000 Feb 2020 5,128 SF
9380 Dodge, Otisville, MI 48463-8412 $360,000 May 2019 6,400 SF
341 State, Otisville, MI 48463-9758 $75,000 Mar 2019 9,000 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
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