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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Commercial real estate
394 Turner Ln Hemlock, MI 48626-9711
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-5258410
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,441 SF
Lot
0.6 ac (26,005 SF)
Zoning code
R-2
APN
22-12-2-26-3010-000
UPID
US43-5258410
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
$430k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
John Bovill III · 6 yrs held
John Bovill III
since 2020
Last sale
$789,000
4 recorded transactions
Zoning & alternative use
R-2 · Hemlock, MI
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 Hemlock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemlock 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
by Request
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $789k (Jun 15 2020)
Last sale anchor
$789k
Jun 15 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
$170 / 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
$5,113
Tax year 2022
Assessed value
$80,400
Assessed 2023
Previous assessed
$80,400
+0.0% YoY
Effective rate
6.36%
On assessed value
Total market value
$160,800
Applied tax rate
22.0000
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
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,441 SF
Lot
0.6 ac (26,005 SF)
Zoning code
R-2
APN
22-12-2-26-3010-000
UPID
US43-5258410
Jurisdiction
SAGINAW
Zoning & alternative use
R-2 · Hemlock, MI
Zoning R-2 · permitted uses
R-2 · Hemlock, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemlock. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
John Bovill III
Individual
Mailing address
5335 GRATIOT RD, SAGINAW, MI 48638-6036
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2020
$789,000
John Bovill III
Carol A Eichmann
Warranty Deed
$510,000 · Isabella Bank
Sep 9, 2014
$789,000
John Bovill III
Eichman,carol A
Dual Purpose Document
related
$710,100 · Carol A Eichman
Dec 14, 2004
$166,250
Carol A Speer
Watts,willard J & Linda
Warranty Deed
related
—
Jan 9, 2004
—
Carol A Speer
Watts,willard J & Linda
Grant Deed
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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