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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Auto shops
6052 Starville Rd Cottrellville, MI 48039-1021
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-4551388
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2002
Total area
11,494 SF
Lot
4.32 ac (188,179 SF)
Zoning code
L-1 LT
APN
74-17-006-2005-200
UPID
US43-4551388
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
-
Cortis Brothers Trucking General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$525k
Owner & transaction history
Blue Water 1125 LLC · 6 yrs held
Blue Water 1125 LLC
since 2020
4 recorded transactions
Zoning & alternative use
L-1 LT · Cottrellville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+40.0%
Office building
$935,000
+25.3%
Retail stores
$815,000
+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 Cottrellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cottrellville 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
$745,000
Current use
COMMERCIAL (GENERAL)
$1,045,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$935,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$655,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$46 / 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
$12,674
Tax year 2023
Assessed value
$318,900
Assessed 2024
Previous assessed
$296,900
+7.4% YoY
Effective rate
3.97%
On assessed value
Total market value
$637,800
Applied tax rate
17.0000
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
2002
Heating
FORCED AIR
Stories
1
Total area
11,494 SF
Lot
4.32 ac (188,179 SF)
Zoning code
L-1 LT
APN
74-17-006-2005-200
UPID
US43-4551388
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
L-1 LT · Cottrellville, MIZoning L-1 LT · permitted uses
L-1 LT · Cottrellville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$935,000
RETAIL STORES
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$655,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2002
Heating
FORCED AIR
Stories
1
Lot
4.32 ac
Current owner
From public records · entity-resolved
Blue Water 1125 LLC
Entity
Mailing address
6052 STARVILLE RD, COTTRELLVILLE, MI 48039-1021
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
—
Blue Water 1125 LLC
Joe Cortis Properties LLC
Warranty Deed
related
$420,000 · North Star Bk
—
—
7 Cs Properties LLC
—
Deed Of Trust
related
$2,000,000 · Seaway Community Bank
—
—
Blue Water 1125 LLC
—
Deed Of Trust
related
$420,000 · North Star Bk
—
—
Blue Water 1125 LLC
—
Deed Of Trust
related
$420,000 · North Star Bk
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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