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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Grocery and convenience stores
3670 Br Rd, North Branch, MI 48461-8151
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-4345197
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1980
Total area
9,888 SF
Lot
2.74 ac (119,311 SF)
Zoning code
C CO
APN
016-005-017-00
UPID
US43-4345197
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
-
Sunoco Gas Station Gas Station
-
Red Barn Market #10 (Sunoco Gas Station) Grocery & Convenience Store
-
Bitstop Bitcoin ATM Currency Exchange Service Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$795k
Owner & transaction history
Red Barn Property 10 LLC · 6 yrs held
Red Barn Property 10 LLC
since 2020
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
C CO · North Branch, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+31.6%
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 North Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Branch 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
$885,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
RETAIL STORES
$765,000
Current use
OFFICE BUILDING
$1,010,000
Change: +32% · Conversion: Easy
COMMERCIAL (GENERAL)
$690,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $800k (Jan 31 2020)
Last sale anchor
$800k
Jan 31 2020
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
$80 / 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
$11,038
Tax year 2023
Assessed value
$254,600
Assessed 2024
Previous assessed
$237,600
+7.2% YoY
Effective rate
4.34%
On assessed value
Total market value
$509,200
Applied tax rate
16.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
9,888 SF
Lot
2.74 ac (119,311 SF)
Zoning code
C CO
APN
016-005-017-00
UPID
US43-4345197
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C CO · North Branch, MI
Zoning C CO · permitted uses
C CO · North Branch, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$765,000
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$690,000
RETAIL STORES Current
OFFICE 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
1980
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
2.74 ac
Current owner
From public records · entity-resolved
Red Barn Property 10 LLC
Entity
Mailing address
51300 DANVIEW, UTICA, MI 48315
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
—
Red Barn Property 10 LLC
—
Deed
related
$3,700,000 · Tri County Bank
Aug 1, 2022
—
Red Barn Property 10 LLC
—
Deed
related
$2,350,000 · Waterford Bank NA
Jan 31, 2020
$800,000
Red Barn Property 10 LLC
Podvin Investments LLC
Warranty Deed
$967,628 · Tri Cnty Bk
Jan 31, 2020
$310,000
Podvin Dyran
Fricke Bill B Living Trust
Warranty Deed
—
Jan 31, 2020
—
Podvin Investments LLC
Podvin Dyran
Quit Claim Deed
related
—
—
—
Podvin Investments LLC
—
Deed Of Trust
related
—
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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