5846 Midland Rd Freeland, MI 48623-8707
Entity Owned
9-yr Hold
~
Est. High Equity
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID
US43-4104975
Property summary
AI-generated overview
This exceptional 1.32-acre commercial land parcel presents a unique investment opportunity in Freeland, Michigan. Strategically located at the intersection of Midland Road and US-10, this property boasts unparalleled visibility from the US-10 exit ramp, ensuring high traffic exposure for any business. Access is readily available from Midland Road. The parcel is part of a larger tract, with additional acreage potentially available. Currently zoned for commercial use, a wide range of business ventures are permitted, subject to approval by Williams Township. Note that road installation will traverse a portion of the land currently occupied by a barn. Conveniently located utilities include city water and natural gas readily accessible at the roadside. Property taxes will be determined following the parcel split. This is an ideal location for businesses seeking high visibility and convenient access to major roadways. Don't miss this chance to secure a prime commercial property in a thriving area. The asking price is $375,000.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2016
Total area
1,978 SF
Lot
0.87 ac (37,897 SF)
Zoning code
A1-AGRI
APN
29-13-3-34-1001-016
UPID
US43-4104975
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Alternative Medicine Practice
-
Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$420k
Owner & transaction history
since 2016
2 recorded transactions
Zoning & alternative use
A1-AGRI · Freeland, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$420k
Value range
$378k – $462k
±10% around blend
Estimated value / SF
$212 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
70
$378k
blend $420k
$462k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,978 SF
Lot area
0.87 ac
Year built
2016
Stories
1
APN
29-13-3-34-1001-016
Assessed value
$192,500
Annual tax
$8,870
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$107k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.5 mi away · 2,308 SF
6.7 mi away · 2,079 SF
7.6 mi away · 1,693 SF
7.8 mi away · 2,400 SF
8.2 mi away · 1,682 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$420k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$91
+135%
Submarket 21 sales
$91
+135%
County 512 sales
$65
+225%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$192k
Move the market yield to see immediate price impact.
Value / SF
$97
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$12k
$243k
$173k
$135k
$13k
$270k
$192k
$150k
$15k
$296k
$212k
$165k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$170k
6.4 mi · Sep 2025 · $93/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,870
Tax year 2022
Assessed value
$192,500
Assessed 2023
Previous assessed
$192,500
+0.0% YoY
Effective rate
4.61%
On assessed value
Total market value
$385,000
Applied tax rate
29.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
1,978 SF
Lot
0.87 ac (37,897 SF)
Zoning code
A1-AGRI
APN
29-13-3-34-1001-016
UPID
US43-4104975
Jurisdiction
SAGINAW
Zoning & alternative use
A1-AGRI · Freeland, MIZoning A1-AGRI · permitted uses
A1-AGRI · Freeland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Stories
1
Lot
0.87 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
A1-AGRI
Jurisdiction
Freeland, MI
Recorded code
A1-AGRI
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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