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Property profile & analytics
OFF-MARKET
Commercial real estate
400 4th St Chesaning, MI 48616-1025
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-5172879
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1948
Total area
1,652 SF
Lot
1.86 ac (80,891 SF)
Zoning code
R-3
APN
13-09-3-09-1335-000
UPID
US43-5172879
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
-
Tri-County Appraisal Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Slade List · 1 yrs held
Slade List
since 2024
4 recorded transactions
Zoning & alternative use
R-3 · Chesaning, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
for all other purposes under this Ordinance. (5) ZONING DISTRICT BOUNDARY EXCEPTIONS. The degree of restrictiveness for the Zoning Districts proceeds from greatest to least in the following sequence. (CG, A, R-1A, R- 2, R-3, B, and M.) When a Zoning District boundary line divides a parcel, any use permitted as a use by right in the less restrictive portion o…
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
132.55 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 Chesaning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesaning 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,250
Tax year 2022
Assessed value
$82,800
Assessed 2023
Previous assessed
$82,800
+0.0% YoY
Effective rate
3.93%
On assessed value
Total market value
$165,600
Applied tax rate
13.0000
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
Year built
1948
Heating
FORCED AIR
Stories
1
Rooms
7
Bathrooms
2
Total area
1,652 SF
Lot
1.86 ac (80,891 SF)
Zoning code
R-3
APN
13-09-3-09-1335-000
UPID
US43-5172879
Jurisdiction
SAGINAW
Zoning & alternative use
R-3 · Chesaning, MIZoning R-3 · permitted uses
R-3 · Chesaning, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
for all other purposes under this Ordinance. (5) ZONING DISTRICT BOUNDARY EXCEPTIONS. The degree of restrictiveness for the Zoning Districts proceeds from greatest to least in the following sequence. (CG, A, R-1A, R- 2, R-3, B, and M.) When a Zoning District boundary line divides a parcel, any use permitted as a use by right in the less restrictive portion of the parcel may be extended to the entire parcel if both of the following conditio
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
132.55 ac
Building & site characteristics
From public records
Year built
1948
Heating
FORCED AIR
Stories
1
Rooms
7
Bathrooms
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Slade List
Individual
Mailing address
19323 AMMAN RD, CHESANING, MI 48616-9714
Ownership since
2024
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
Nov 6, 2024
$145,000
Slade List
David List
Warranty Deed
related
$176,000 · United Financial Cu
Dec 22, 2022
—
Slade List
David List
Land Contract
—
Mar 27, 2018
$80,000
David List
Lawton Robert C & V K Trust
Warranty Deed
—
Aug 7, 2017
—
Lawton,robert C & V K Trust
Lawton,robert C & Virginia K
Quit Claim 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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