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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Strip malls
6700 Saginaw Rd Midland, MI 48642-7518
Entity Owned
Free & Clear
Property ID
US43-2228910
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
11,171 SF
Lot
1.77 ac (77,101 SF)
Zoning code
RC
APN
13-01-70-530
UPID
US43-2228910
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
-
Gina Beebe's Dance Studio Training Center
-
Alm Clock Repair Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Bkd Midland LLC
Bkd Midland LLC
since 2026
Last sale
$700,000
2 recorded transactions
Zoning & alternative use
RC · Midland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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
Regional Center
General category
MIXED_USE
Zone area
1,384.49 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
$430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$975,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$690,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $700k (Feb 19 2026)
Last sale anchor
$700k
Feb 19 2026
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
$55 / 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
$19,307
Tax year 2022
Assessed value
$342,500
Assessed 2023
Previous assessed
$333,600
+2.7% YoY
Effective rate
5.64%
On assessed value
Total market value
$685,000
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
1961
Heating
FORCED AIR
Stories
1
Total area
11,171 SF
Lot
1.77 ac (77,101 SF)
Zoning code
RC
APN
13-01-70-530
UPID
US43-2228910
Jurisdiction
MIDLAND
Zoning & alternative use
RC · Midland, MIZoning RC · permitted uses
RC · Midland, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Regional Center
General category
MIXED_USE
Zone area
1,384.49 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$690,000
OFFICE BUILDING
RETAIL STORES
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
1961
Heating
FORCED AIR
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Bkd Midland LLC
Entity
Free & Clear · 0 yrs held
Mailing address
7102 WINDSTREAM CIR, MIDLAND, MI 48642-8915
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$700,000
Bkd Midland LLC
North Saginaw Corner LLC
Warranty Deed
—
May 30, 2023
$400,000
North Saginaw Corner LLC
Jej Real Estate LLC
Warranty Deed
$400,000 · Frankenmuth 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.
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