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Property profile & analytics
OFF-MARKET Estimated value $1,290,000
Flex space

51469 Birch St New Baltimore, MI 48047-1587

22,486 SF 1.98 ac lot Built 1975
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US43-0898868
Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1975
Total area 22,486 SF
Lot 1.98 ac (86,379 SF)
Zoning code I
APN 06-09-13-301-005
UPID US43-0898868
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
$1.45M
Blend (final) Blend
$1.29M
Owner & transaction history
Rtst Holdings LLC · 2 yrs held
Rtst Holdings LLC
since 2023
Last sale
$1.0M
4 recorded transactions
2023
$1.0M
2018
Price N/A
2013
Price N/A
1969
Price N/A
Zoning & alternative use
I · New Baltimore, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Sec. 60-142. - Industrial, I. (a) General intent. The intent of the industrial district is to encourage and facilitate the development of industrial enterprise in a setting conducive to economic stability and growth, providing protection from blight, deterioration and nonindustrial encroachment, and efficient traffic movement for employee and truck traffic.…

Zone name Industrial
General category INDUSTRIAL
Zone area 75.97 ac
Source code of ordinances
Top alternative use upside
Office building $2.1M +20.9%
Auto repair, garage $1.9M +9.7%
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