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    Property profile & analytics

    575 Nemode St Spruce, MI 48762-9306

    • Bars
    • 5,968 SF
    • 3.98 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3970073
    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

    • Bars

    Property Details for 575 Nemode St

    Year built
    1930
    Lot size
    3.98 lot acres
    Property size
    5,968 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    072-201-000-006-00
    APU
    7220100000600

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spruce
    County
    Alcona
    State
    Michigan
    Longitude
    -83.5492
    Latitude
    44.7568

    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
    $4,425
    $0.00
    $0.00
    $120,500
    -
    $0.00
    $0.00
    $241,000

    Comparable in this City

    • Value Estimation by Request
      3,840 SF

      5992 Hubbard Lk Rd

      BAR, TAVERN • 3,840 SF
      5992 Hubbard Lk Rd, Spruce, MI 48762-9772
      View Details
    • Value Estimation by Request
      5,530 SF

      6808 Us Hwy 23

      RESTAURANT • 5,530 SF
      6808 Us Hwy 23, Spruce, MI 48762-9706
      View Details
    • Value Estimation by Request
      3,672 SF

      Spruce Rd

      SHOW ROOM, WAREHOUSE • 3,672 SF
      Spruce Rd, Spruce, MI 48762
      View Details
    • Value Estimation by Request
      1,728 SF

      1545 Spruce Rd

      RESIDENTIAL PARKING GARAGE • 1,728 SF
      1545 Spruce Rd, Spruce, MI 48762-9701
      View Details
    • Value Estimation by Request
      4,845 SF

      1448 Spruce Rd

      SHOW ROOM, WAREHOUSE • 4,845 SF
      1448 Spruce Rd, Spruce, MI 48762-9542
      View Details
    • Value Estimation by Request
      3,024 SF

      5160 Hubbard Lk Rd

      GROCERY, SUPERMARKET • 3,024 SF
      5160 Hubbard Lk Rd, Spruce, MI 48762-9764
      View Details

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    575 Nemode St
    Spruce, MI 48762-9306
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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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