Technical
Financial
Distress signals
Property profile

451 Packard Hwy Charlotte, MI 48813

OFF-MARKET
Auto shops
Property ID
US43-2069827
7,296 SF 3.29 ac lot Built 1997
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1997
Total area 7,296 SF
Lot 3.29 ac (143,312 SF)
Zoning code N/A
APN 200 006 300 210 02
UPID US43-2069827

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trucking Company
  • Hardware & Home Improvement Construction Company
  • Auto Repair Shop

Location

451 Packard Hwy Charlotte, MI 48813-9701
Charlotte metro Census 21001 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$579k
Blend (final) Blend
$640k

Owner & transaction history

since 2022
Last sale
$670,000
6 recorded transactions
2022
$670,000
2021
Price N/A
2020
$650,000
2017
$370,000
2017
Price N/A
2009
Price N/A

Zoning & alternative use

N/A · Charlotte, MI
Top alternative use upside
Commercial (general) $795,000 +76.8%
Office building $565,000 +25.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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