Individually Owned Property summary
AI-generated overview
This property in Wyoming, Michigan is a grandfathered auto-dealership site located along Division Avenue. The site comprises two lots totaling approximately 0.63 acres and offers more than 200 feet of street frontage with multiple curb cuts. The zoning designation is FBC-CG. Included is a building with approximately 2,100 square feet of living area, and the property has been operated under a grandfathered dealership license. The site is suited for automotive-related uses such as auto shops and automotive properties, as well as retail uses.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Total area
2,048 SF
Lot
0.38 ac (16,379 SF)
Zoning code
FBC
APN
41-17-24-431-026
UPID
US43-0916791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
since 2025
Last sale
$315,000
4 recorded transactions
Zoning & alternative use
FBC · Wyoming, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$365k
Value range
$329k – $402k
±10% around blend
Estimated value / SF
$178 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$329k
blend $365k
$402k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,048 SF
Lot area
0.38 ac
Year built
1951
Stories
1
APN
41-17-24-431-026
Zoning
FBC
Assessed value
$82,000
Annual tax
$3,081
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$274k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.9 mi away · 1,667 SF
2.2 mi away · 1,914 SF
3.2 mi away · 2,059 SF
5.0 mi away · 1,481 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$365k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 68 sales
$72
+147%
Submarket 113 sales
$78
+128%
County 593 sales
$82
+117%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $178/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$315k
Move the market yield to see immediate price impact.
Value / SF
$154
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$397k
$284k
$221k
$22k
$441k
$315k
$245k
$24k
$485k
$346k
$270k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$200k
1.1 mi · Jan 2026 · $111/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$3,081
Tax year 2021
Assessed value
$82,000
Assessed 2023
Previous assessed
$82,000
+0.0% YoY
Effective rate
3.76%
On assessed value
Total market value
$164,000
Applied tax rate
93.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1951
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,048 SF
Lot
0.38 ac (16,379 SF)
Zoning code
FBC
APN
41-17-24-431-026
UPID
US43-0916791
Jurisdiction
KENT
Zoning & alternative use
FBC · Wyoming, MIZoning FBC · permitted uses
FBC · Wyoming, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1951
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
FBC
Jurisdiction
Wyoming, MI
Recorded code
FBC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for FBC in Wyoming, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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