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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Strip malls
6213 Jefferson Ave Midland, MI 48640-2946
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2306608
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
4,405 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CC
APN
14-04-10-510
UPID
US43-2306608
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
-
Club Pilates Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Midland Investment Holdings LLC · 6 yrs held
Midland Investment Holdings LLC
since 2020
Last sale
$1.9M
1 recorded transaction
Zoning & alternative use
CC · Midland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. CC - Community Center District The purpose of the Community Center District is to provide for commercial and mixed-use developments that offer a broad range of goods and services to meet the convenience and comparison-shopping needs of residents. Because of the variety of uses permitted in the CC District, special attention shall be focused on site layout…
Zone name
Community Center
General category
MIXED_USE
Zone area
35.88 ac
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 Midland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland 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
$2,040,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10% · vs last sale $1.85M (Jul 8 2020)
Last sale anchor
$1.85M
Jul 8 2020
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
$435 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$13,853
Tax year 2022
Assessed value
$244,200
Assessed 2023
Previous assessed
$233,300
+4.7% YoY
Effective rate
5.67%
On assessed value
Total market value
$488,400
Applied tax rate
180.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Stories
1
Total area
4,405 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CC
APN
14-04-10-510
UPID
US43-2306608
Jurisdiction
MIDLAND
Zoning & alternative use
CC · Midland, MIZoning CC · permitted uses
CC · Midland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. CC - Community Center District The purpose of the Community Center District is to provide for commercial and mixed-use developments that offer a broad range of goods and services to meet the convenience and comparison-shopping needs of residents. Because of the variety of uses permitted in the CC District, special attention shall be focused on site layout, building design, vehicular and pedestrian circulation, design compatibility, and coordination of site features between adjoining sites. 3. RC - Regional Center District The purpose of the Regional Center District is to provide for mixed-use development that offers a diversity of retail, service, entertainment, office, finance, and related business uses to serve the needs of re sidents of the City and region. The Regional Center District is intended to be the City of Midland Zoning Ordinance
Zone name
Community Center
General category
MIXED_USE
Zone area
35.88 ac
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Midland Investment Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
37257 MOUND RD STE A, STERLING HEIGHTS, MI 48310-4111
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2020
$1,850,000
Midland Investment Holdings LLC
Earl D Bennett Construction INC
Sheriffs Deed
related
—
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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