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Property profile & analytics
OFF-MARKET
Warehouses
4905 Main St, Stockbridge, MI 49285-9153
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0031167
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
1,428 SF
Lot
0.97 ac (42,253 SF)
APN
33-42-16-23-452-009
UPID
US43-0031167
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
by Request
Owner & transaction history
Morton Road Properties LLC · 5 yrs held
Morton Road Properties LLC
since 2020
Last sale
$195,000
7 recorded transactions
Zoning & alternative use
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 Stockbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stockbridge 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
Assessed value
$74,600
Assessed 2023
Previous assessed
$67,500
+10.5% YoY
Assessed land
$22,700
Assessed improvement
$51,900
Land market value
$45,400
Improvement market value
$103,800
Total market value
$149,200
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
SPACE
Buildings
2
Stories
1
Total area
1,428 SF
Lot
0.97 ac (42,253 SF)
APN
33-42-16-23-452-009
UPID
US43-0031167
Jurisdiction
INGHAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
SPACE
Stories
1
Buildings
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Morton Road Properties LLC
Entity
Mailing address
4905 E MAIN ST, STOCKBRIDGE, MI 49285-9153
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
Sep 3, 2020
$195,000
Morton Road Properties LLC
Elk Hart Land LLC
Warranty Deed
$156,000 · First National Bank In Howell
May 13, 2015
—
Elk Hart Land
—
Trustees Deed
related
$15,000 · Farmers St Bk/munith
Mar 24, 2014
$29,900
Elk Hart Land LLC
Allen,shawn W
Warranty Deed
$50,000 · Farmers St Bk/munith
Aug 15, 2013
—
Elk Hart Land LLC
Allen,shawn W
Quit Claim Deed
related
—
Nov 2, 2011
$10,000
Shawn W Allen
Allen,arthur & Freida J
Warranty Deed
related
—
Apr 13, 2010
$16,500
Arthur Allen
Citizens Bk
Grant Deed
—
Feb 4, 2008
$102,402
Citizens Bank
Sheriff Of Ingham County
Trustees Deed
related
—
May 30, 2006
$110,000
Classico Properties LLC
Jeffrey Perry
Warranty Deed
$100,000 · Republic Bank
Mar 24, 2006
$77,997
Republic Bank
Sheriff Of Ingham County
Trustees 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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