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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Specialty properties
3618 Shod St Bay City, MI 48706-1741
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1292299
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1965
Total area
1,344 SF
Lot
20.04 ac (872,942 SF)
Zoning code
RMH
APN
010-005-300-025-00
UPID
US43-1292299
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
$1.20M
Owner & transaction history
Shady Rest Mhc LLC · 1 yrs held
Shady Rest Mhc LLC
since 2025
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
RMH · Bay City, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
cial zoning map: Expand R-1 Single-family residential district R-2 Single- and two-family residential district RM-1 Medium density multiple-family residential district RM-2 High-rise multiple-family residential district RMH Residential mobile home district O-1 Office district C-1 Neighborhood business district C-2-A General business district C-2-B Highway bu…
Zone name
Residential Mobile Home District
General category
RESIDENTIAL
Zone area
0.28 ac
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 Bay City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay City 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
$1,130,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jun 5 2025)
Last sale anchor
$1.20M
Jun 5 2025
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
$893 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,879
Tax year 2023
Assessed value
$263,950
Assessed 2024
Previous assessed
$270,250
-2.3% YoY
Effective rate
5.26%
On assessed value
Total market value
$527,900
Applied tax rate
10.0000
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
1965
Heating
FORCED AIR
Stories
1
Total area
1,344 SF
Lot
20.04 ac (872,942 SF)
Zoning code
RMH
APN
010-005-300-025-00
UPID
US43-1292299
Jurisdiction
BAY
Zoning & alternative use
RMH · Bay City, MIZoning RMH · permitted uses
RMH · Bay City, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
cial zoning map: Expand R-1 Single-family residential district R-2 Single- and two-family residential district RM-1 Medium density multiple-family residential district RM-2 High-rise multiple-family residential district RMH Residential mobile home district O-1 Office district C-1 Neighborhood business district C-2-A General business district C-2-B Highway business district C-3 Central business district WF Waterfront district M-1 Light indu
Zone name
Residential Mobile Home District
General category
RESIDENTIAL
Zone area
0.28 ac
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Stories
1
Lot
20.04 ac
Current owner
From public records · entity-resolved
Shady Rest Mhc LLC
Entity
Mailing address
1410 S CLINTON ST, CHICAGO, IL 60607-5102
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
$1,200,000
Shady Rest Mhc LLC
Carol Investment Corporation
Warranty Deed
$1,190,000 · Five Star Bank
Dec 9, 2013
$1,000,000
Carol Investment Corp
714 Mill Street Holdings LLC
Grant Deed
—
May 24, 2011
$2,356,000
714 Mill Street Holdings LLC
Deputy Sheriff Of Bay County
Trustees Deed
related
—
Jun 5, 2006
$3,210,406
Mid Michigan Communities LLC
Shady Rest
Grant Deed
$12,577,500 · Merrill Lynch Mortgage Lending
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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