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    Property profile & analytics

    509 Lead St Bessemer, MI 49911-1410

    • Auto shops
    • 2,864 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $80,000
    Last Sale
    Jun 17, 2020
    $7,000
    Location Intelligence
    Property ID
    US43-3790885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vinci's Auto Sales / Used Car Dealer / Car Dealer
    • Mussatti Insurance - Licensed Agent/Health Insurance Counselor / Insurance Broker
    • Vinci's Mattress Store / Mattress Store

    Property Details for 509 Lead St

    Lot size
    0.69 lot acres
    Property size
    2,864 SF
    Property type
    Auto shops
    APN
    51-00-120-500
    APU
    5100120500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Gogebic
    State
    Michigan
    Longitude
    -90.0448
    Latitude
    46.4808

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,835
    $9,369
    $22,077
    $31,446
    -
    $18,738
    $44,154
    $62,892

    Comparable in this City

    • Value Estimation by Request
      4,772 SF

      5919 Old Us 2nd 2

      AUTO REPAIR, GARAGE • 4,772 SF
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    • Value Estimation by Request
      768 SF

      11251 Black Jack Rd

      AUTO REPAIR, GARAGE • 768 SF
      11251 Black Jack Rd, Bessemer, MI 49911
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    • Value Estimation
      $380,000
      2,400 SF

      605 Industrial Access Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      605 Industrial Access Rd, Bessemer, MI 49911-1735
      View Details
    • Value Estimation
      $155,000
      4,368 SF

      888 Industrial Access Rd

      AUTO REPAIR, GARAGE • 4,368 SF
      888 Industrial Access Rd, Bessemer, MI 49911-1744
      View Details
    • Value Estimation
      $385,000
      4,800 SF

      608 Industrial Access Rd

      AUTO REPAIR, GARAGE • 4,800 SF
      608 Industrial Access Rd, Bessemer, MI 49911-1734
      View Details
    • Value Estimation
      $375,000
      8,000 SF

      505 Lead St

      VEHICLE SALES, RENTALS • 8,000 SF
      505 Lead St, Bessemer, MI 49911
      View Details

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    509 Lead St
    Bessemer, MI 49911-1410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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