New search
Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Grocery and convenience stores
5947 Lapeer Rd, North Branch, MI 48461-9778
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-4364179
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Total area
6,752 SF
Lot
1.87 ac (81,501 SF)
Zoning code
C
APN
006-017-004-00
UPID
US43-4364179
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
-
McDonald's Restaurant Take-out & Catering
-
Shell Gas Station
-
M & N Market Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
-
ATM (M & N Market) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$670k
Owner & transaction history
N B Mashni Properties INC · 10 yrs held
N B Mashni Properties INC
since 2016
7 recorded transactions
Zoning & alternative use
C · North Branch, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$690,000
+31.6%
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 North Branch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Branch 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
RETAIL STORES
$525,000
Current use
OFFICE BUILDING
$690,000
Change: +32% · Conversion: Easy
COMMERCIAL (GENERAL)
$470,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$99 / 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
$12,736
Tax year 2023
Assessed value
$414,900
Assessed 2024
Previous assessed
$389,400
+6.5% YoY
Effective rate
3.07%
On assessed value
Total market value
$829,800
Applied tax rate
6.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
6,752 SF
Lot
1.87 ac (81,501 SF)
Zoning code
C
APN
006-017-004-00
UPID
US43-4364179
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C · North Branch, MI
Zoning C · permitted uses
C · North Branch, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Branch. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1994
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
1.87 ac
Current owner
From public records · entity-resolved
N B Mashni Properties INC
Entity
Mailing address
5979 N LAPEER RD, NORTH BRANCH, MI 48461-9778
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2020
—
Nb Mashni Properties INC
—
Deed
related
$2,600,000 · Genisys Cu
Jan 5, 2016
$1,749,450
N B Mashni Properties INC
North Branch Investments LLC
Warranty Deed
$2,065,000 · Wolverine Bk
Oct 4, 2013
—
Independent Bk
Nb Mashni Properties INC
Quit Claim Deed
related
—
May 9, 2013
—
North Branch Ins LLC
—
Deed Of Trust
related
$3,000,000 · Talmer Bank & Trust
—
—
Nb Mashni Properties INC
—
Deed Of Trust
related
$1,138,913 · Independent Bank
—
—
North Branch Investments LLC
—
Deed Of Trust
related
$1,749,450 · Talmer Bank & Trust
—
—
N B Mashni Properties INC
—
Deed Of Trust
related
$200,000 · Bmk Realty LLC
—
—
Nb Mashni Properties INC
—
Deed Of Trust
related
$2,600,000 · Genisys Cu
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?”
You own 5947 Lapeer Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
