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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
4550 Cir Inn Dr Shelbyville, MI 49344-9445
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-4470630
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Total area
3,640 SF
Lot
1.08 ac (46,958 SF)
Zoning code
HIGH DENSITY RE
APN
08-11-005-326-00
UPID
US43-4470630
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Mcm Mi Gun Lake LLC · 5 yrs held
Mcm Mi Gun Lake LLC
since 2020
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
HIGH DENSITY RE · Shelbyville, 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 Shelbyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelbyville 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
$825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Aug 13 2020)
Last sale anchor
$750k
Aug 13 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
$206 / 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
$2,908
Tax year 2023
Assessed value
$61,400
Assessed 2024
Previous assessed
$61,400
+0.0% YoY
Effective rate
4.74%
On assessed value
Total market value
$122,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,640 SF
Lot
1.08 ac (46,958 SF)
Zoning code
HIGH DENSITY RE
APN
08-11-005-326-00
UPID
US43-4470630
Jurisdiction
BARRY
Zoning & alternative use
HIGH DENSITY RE · Shelbyville, MI
Zoning HIGH DENSITY RE · permitted uses
HIGH DENSITY RE · Shelbyville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shelbyville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Mcm Mi Gun Lake LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10455 RIVERSIDE DR STE #210, PALM BEACH GARDENS, FL 33410-4332
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2020
—
Mcm Mi Gun Lake LLC
Sun Dial Captial LLC
Grant Deed
related
—
May 15, 2018
—
Gun Lake Venture LLC
—
Loan Modification
related
$3,000,000 · T2 Schererville I LLC
Nov 1, 2017
—
Gun Lake Venture LLC
—
Loan Modification
related
$2,700,000 · T2 Schererville I LLC
Jun 12, 2015
$750,000
Gun Lake Venture LLC
M Shapiro Dev Co LLC
Grant Deed
$450,000 · Aesalon Partners LP
Mar 30, 2007
$1,250,000
Alexander Altier
Circle Inn Properties INC
Warranty Deed
$840,000 · Bond Street Capital Corp
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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