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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Retail space
4750 Sterns Rd Ottawa Lake, MI 49267-9531
Entity Owned
6-yr Hold
Free & Clear
Property ID
US43-1725458
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
34,234 SF
Lot
37.38 ac (1,628,229 SF)
Zoning code
B2
APN
15-025-042-00
UPID
US43-1725458
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
-
BEDFORD BASEBALL CLUB Charitable Organization Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.52M
Owner & transaction history
Stone Foundation Property LLC · 6 yrs held
Stone Foundation Property LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
B2 · Ottawa Lake, 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 Ottawa Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ottawa Lake 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
$1,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,225,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,115,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±10% · vs last sale $1.20M (Jul 16 2020)
Last sale anchor
$1.20M
Jul 16 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
$44 / 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
$44,620
Tax year 2023
Assessed value
$969,900
Assessed 2023
Previous assessed
$969,900
+0.0% YoY
Effective rate
4.60%
On assessed value
Total market value
$1,939,800
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
34,234 SF
Lot
37.38 ac (1,628,229 SF)
Zoning code
B2
APN
15-025-042-00
UPID
US43-1725458
Jurisdiction
MONROE
Zoning & alternative use
B2 · Ottawa Lake, MI
Zoning B2 · permitted uses
B2 · Ottawa Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ottawa Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.1M
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
37.38 ac
Current owner
From public records · entity-resolved
Stone Foundation Property LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2222 W GRAND RIV AVEA, OKEMOS, MI 48864-1604
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2020
$1,200,000
Stone Foundation Property LLC
Champ One LLC
Warranty Deed
—
Apr 5, 2013
$875,000
Champ One LLC
First Merit Bk
Grant Deed
$700,000 · Pnc Bank
Feb 26, 2013
$875,000
Champ One LLC
First Merit Bank NA
Grant Deed
$700,000 · Pnc Mortgage
Feb 3, 2012
$879,750
Merit Bk First
Deputy Sheriff Of Monroe County
Trustees Deed
related
—
Jan 26, 2012
$879,750
Firstmerit Bank NA
Picea Properties LLC
Grant Deed
related
—
Jul 10, 2007
—
Picea Properties LLC
—
Trustees Deed
related
$2,700,000 · First Merit Bank
Feb 3, 2006
$5,000
Picea Properties LLC
Whiteford Township
Warranty Deed
—
Feb 3, 2006
$400,000
Picea Properties LLC
Whiteford Township
Warranty Deed
—
—
—
Picea Properties LLC
—
Deed Of Trust
related
$600,000 · Firstmerit Bank NA
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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