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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Auto shops
548 Ave A A, Springfield, MI 49037-7834
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-2262923
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2012
Total area
8,440 SF
Lot
6.47 ac (281,833 SF)
Zoning code
B-1
APN
54-003-027-01
UPID
US43-2262923
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
$840k
Blend (final)
Blend
$840k
Owner & transaction history
T M T Realty Holdings LLC · 1 yrs held
T M T Realty Holdings LLC
since 2025
5 recorded transactions
Zoning & alternative use
B-1 · Springfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+86.5%
Restaurant
$700,000
+22.9%
Office building
$620,000
+9.2%
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
by Request
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
$570,000
Current use
COMMERCIAL (GENERAL)
$1,065,000
Change: +87% · Conversion: Moderate
RESTAURANT
$700,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
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
$100 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$25,062
Tax year 2022
Assessed value
$444,606
Assessed 2024
Previous assessed
$447,156
-0.6% YoY
Effective rate
5.64%
On assessed value
Total market value
$889,212
Applied tax rate
13,020.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2012
Heating
FORCED AIR
Stories
1
Total area
8,440 SF
Lot
6.47 ac (281,833 SF)
Zoning code
B-1
APN
54-003-027-01
UPID
US43-2262923
Jurisdiction
CALHOUN
Zoning & alternative use
B-1 · Springfield, MI
Zoning B-1 · permitted uses
B-1 · Springfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$700,000
OFFICE BUILDING
Est. value
$620,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
2012
Heating
FORCED AIR
Stories
1
Lot
6.47 ac
Current owner
From public records · entity-resolved
T M T Realty Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
548 AVE A A, SPRINGFIELD, MI 49037-7834
Ownership since
2025
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
Apr 23, 2026
—
Tmt Realty Holdings LLC
—
Deed
related
$709,000 · Fifth Third Bank
Apr 16, 2025
—
T M T Realty Holdings LLC
Adams Outdoor Advertising
Deed
—
Jun 15, 2017
—
T M T Realty Holdings LLC
—
Deed
related
$320,000 · Fifth Third Bank
May 16, 2013
$40,000
T M T Realty Holdings LLC
Hoffman Bros INC
Warranty Deed
—
Jan 7, 2010
$40,000
Hoffman Bros INC
Jack E Hoffman
Quit Claim 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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