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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Auto shops
6257 New Us 223 Ottawa Lake, MI 49267-9754
Entity Owned
15-yr Hold
Free & Clear
Property ID
US43-0862149
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Total area
10,980 SF
Lot
27.94 ac (1,217,066 SF)
Zoning code
B3
APN
15-010-047-00
UPID
US43-0862149
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$978k
Blend (final)
Blend
$980k
Owner & transaction history
Big Daddys Building LLC · 15 yrs held
Big Daddys Building LLC
since 2010
3 recorded transactions
Zoning & alternative use
B3 · Ottawa Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+40.5%
Restaurant
$875,000
+22.7%
Retail stores
$830,000
+16.4%
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 Ottawa Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ottawa Lake 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
$715,000
Current use
OFFICE BUILDING
$1,005,000
Change: +40% · Conversion: Difficult
RESTAURANT
$875,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$680,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$89 / 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
$24,905
Tax year 2023
Assessed value
$672,700
Assessed 2023
Previous assessed
$672,700
+0.0% YoY
Effective rate
3.70%
On assessed value
Total market value
$1,345,400
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1986
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
10,980 SF
Lot
27.94 ac (1,217,066 SF)
Zoning code
B3
APN
15-010-047-00
UPID
US43-0862149
Jurisdiction
MONROE
Zoning & alternative use
B3 · Ottawa Lake, MI
Zoning B3 · permitted uses
B3 · Ottawa Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ottawa Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$715,000
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$875,000
RETAIL STORES
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$830,000
WAREHOUSE, STORAGE
Est. value
$680,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
27.94 ac
Current owner
From public records · entity-resolved
Big Daddys Building LLC
Entity
Free & Clear · 15 yrs held
Mailing address
6055 NEW US 223, OTTAWA LAKE, MI 49267-8736
Ownership since
2010
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
Sep 15, 2010
—
Big Daddys Building LLC
Ajami,mahmoud & Najat
Warranty Deed
—
Jun 13, 2008
$125,000
Mahmoud Ajami
Arbvanitis,mario
Warranty Deed
—
Jun 13, 2008
—
Big Daddys Building LLC
Ajami,mahmoud & Najat
Warranty Deed
$6,222,560 · Comerica 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.
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