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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Commercial real estate
337 State Rd, Otisville, MI 48463-9486
Entity Owned
Free & Clear
Property ID
US43-0724403
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
10,177 SF
Lot
3.21 ac (140,002 SF)
APN
09-21-576-036
UPID
US43-0724403
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
-
Rite Aid Pharmacy Pharmacy
-
Rite Aid Pharmacy
-
Western Union Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.03M
Owner & transaction history
F & L Otisville LLC
F & L Otisville LLC
since 2026
Last sale
$640,000
7 recorded transactions
Zoning & alternative use
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 Otisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otisville 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
$1,145,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $640k (Jan 12 2026)
Last sale anchor
$640k
Jan 12 2026
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
$101 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$16,029
Tax year 2019
Assessed value
$661,600
Assessed 2023
Previous assessed
$608,700
+8.7% YoY
Effective rate
2.42%
On assessed value
Total market value
$1,323,200
Applied tax rate
94.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
FORCED AIR
Stories
1
Total area
10,177 SF
Lot
3.21 ac (140,002 SF)
APN
09-21-576-036
UPID
US43-0724403
Jurisdiction
GENESEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
3.21 ac
Current owner
From public records · entity-resolved
F & L Otisville LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2115 ALDWIN DR, WEST BLOOMFIELD, MI 48324-1501
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
$640,000
F & L Otisville LLC
Saint Niclas LLC
Warranty Deed
—
Feb 22, 2021
$1,150,000
Saint Nicholas LLC
Team One Credit Union
Warranty Deed
—
Dec 23, 2020
—
Saint Nicolas LLC
—
Deed
related
$920,000 · Old National Bank
Mar 10, 2020
$1,110,227
Team One Cu
Deputy Sheriff / Genesee Cnty|337 N State LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 7, 2019
—
337 N State LLC
—
Deed
related
$1,500,000 · Home Finders Realty LLC
Dec 14, 2016
—
337 N State LLC
Ra Pharmacy Holdings LLC
Warranty Deed
related
$1,215,000 · Team One Cu
Apr 21, 2010
—
Ra Pharmacy Holdings LLC
261 Real Estate Group Ltd
Warranty Deed
—
Apr 27, 2005
—
Slane Co Ltd
Slane,daniel M & Eleanor O
Quit Claim Deed
related
$6,950,000 · Business Men's Assurance Co
—
—
337 N State LLC
—
Deed Of Trust
related
$1,500,000 · Home Finders Realty LLC
—
—
R A Pharmacy Holdings LLC
—
Loan Modification
related
$4,500,000 · Protective Life Insurance Co
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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