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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Specialty properties
3505 Clark Rd, Dewitt, MI 48820-9414
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-0003394
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2013
Construction
WOOD
Total area
4,312 SF
Lot
30.47 ac (1,327,273 SF)
Zoning code
M3
APN
050-019-200-010-60
UPID
US43-0003394
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
-
The Fit Life Guys LLC Gym & Fitness Center
-
The Quarry Apartments Real Estate Agency
-
Linda Lira Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$555k
Owner & transaction history
The Charter Township Of Dewitt · 8 yrs held
The Charter Township Of Dewitt
since 2018
1 recorded transaction
Zoning & alternative use
M3 · Dewitt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$575,000
+41.1%
Retail stores
$475,000
+17.3%
Auto repair, garage
$440,000
+7.9%
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 Dewitt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dewitt 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$405,000
Current use
OFFICE BUILDING
$575,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$375,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$350,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$129 / 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
$425,778
Tax year 2022
Assessed value
$7,720,100
Assessed 2024
Previous assessed
$8,054,300
-4.1% YoY
Effective rate
5.52%
On assessed value
Assessed land
$889,300
Assessed improvement
$6,830,800
Land market value
$1,778,600
Improvement market value
$13,661,600
Total market value
$15,440,200
Applied tax rate
50.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2013
Construction
WOOD
Heating
YES
Buildings
25
Stories
1
Total area
4,312 SF
Lot
30.47 ac (1,327,273 SF)
Zoning code
M3
APN
050-019-200-010-60
UPID
US43-0003394
Jurisdiction
CLINTON
Zoning & alternative use
M3 · Dewitt, MI
Zoning M3 · permitted uses
M3 · Dewitt, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dewitt. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$405,000
OFFICE BUILDING
Est. value
$575,000
RETAIL STORES
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$440,000
MEDICAL BUILDING
Est. value
$375,000
COMMERCIAL (GENERAL)
Est. value
$350,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
WOOD
Heating
YES
Stories
1
Buildings
25
Lot
30.47 ac
Current owner
From public records · entity-resolved
The Charter Township Of Dewitt
Individual
Mailing address
2502 LK LANSING RD STE C, LANSING, MI 48912-3661
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2018
—
The Charter Township Of Dewitt
The Quarry Apartments Od Dewitt LLC
Grant 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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