New search
Property profile & analytics
FOR LEASE
Warehouses
5910 2 Mile Rd, Bay City, MI 48706
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1288405
For Lease
1 / 2
$725,000
5910 2 Mile Rd, Bay City, MI 48706
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
47,000 SF
Lot
2.28 ac (99,317 SF)
Zoning code
C
APN
100-036-400-055-01
UPID
US43-1288405
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
Current use
Occupant on record · Public records
-
Two Men and a Junk Truck Trucking Company Moving Company
-
Two Men and a Truck Moving Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$725k
Owner & transaction history
Elite Storage Tri City LLC · 3 yrs held
Elite Storage Tri City LLC
since 2022
Last sale
$825,000
3 recorded transactions
Zoning & alternative use
C · Bay City, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bay City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay City 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
$790,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $825k (Nov 23 2022)
Last sale anchor
$825k
Nov 23 2022
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
$15 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,230
Tax year 2023
Assessed value
$304,800
Assessed 2024
Previous assessed
$290,200
+5.0% YoY
Effective rate
5.00%
On assessed value
Total market value
$609,600
Applied tax rate
100.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1975
Heating
FORCED AIR
Stories
1
Total area
47,000 SF
Lot
2.28 ac (99,317 SF)
Zoning code
C
APN
100-036-400-055-01
UPID
US43-1288405
Jurisdiction
BAY
Zoning & alternative use
C · Bay City, MI
Zoning C · permitted uses
C · Bay City, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bay City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
FORCED AIR
Stories
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Elite Storage Tri City LLC
Entity
Mailing address
105 GARFIELD AVE, BAY CITY, MI 48708-7133
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2022
$825,000
Elite Storage Tri City LLC
Morton Street Investments LLC
Warranty Deed
$660,000 · Us Bank NA
Jul 1, 2008
$465,000
Morton Street Investments LLC
Maxi Holdings INC
Warranty Deed
$395,250 · Independent Bank
—
—
Maxi Holding INC
—
Loan Modification
related
$89,360 · Chemical Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
