Entity Owned Property summary
AI-generated overview
This exceptional 3,098 square foot storefront, located at 7517 N Dort Hwy in Mount Morris, Michigan, presents a unique investment opportunity. Priced at $250,000 ($81 per square foot), this bank-owned, short sale property sits on a 0.55-acre lot (APN: 1108501049) and is zoned for commercial use. Built in 1946, the building has undergone a complete renovation, boasting a brand new roof, two updated bathrooms, and two new HVAC units. The property's prime location along the busy North Dort Highway ensures high visibility and significant foot traffic, making it ideal for a variety of retail businesses. The spacious interior offers ample room for customization to suit specific business needs. This is a rare chance to acquire a fully renovated, well-located retail space in a thriving Genesee County market. The property's strong fundamentals and recent upgrades make it an attractive investment with excellent potential for return. Serious inquiries are encouraged. The property is located in Mount Morris, MI, zip code 48458.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Total area
3,098 SF
Lot
0.55 ac (24,089 SF)
Zoning code
C-2 HWY COMM
APN
11-08-501-049
UPID
US43-4270500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$65k
Owner & transaction history
since 2025
Last sale
$82,000
4 recorded transactions
Zoning & alternative use
C-2 HWY COMM · Mount Morris, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 15 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$65k
Value range
$59k – $72k
±10% around blend
Estimated value / SF
$21 / SF
Confidence
High
15 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$59k
blend $65k
$72k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,098 SF
Lot area
0.55 ac
Year built
1946
APN
11-08-501-049
Zoning
C-2 HWY COMM
Assessed value
$70,900
Annual tax
$3,784
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$227k
Weighted, 15 comps · high confidence
Evidence
15 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.6 mi away · 2,472 SF
3.7 mi away · 2,331 SF
4.3 mi away · 3,460 SF
4.6 mi away · 3,000 SF
4.6 mi away · 3,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$65k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$50
-58%
Submarket 44 sales
$50
-58%
County 994 sales
$67
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $21/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 15 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$82k
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$5k
$103k
$74k
$57k
$6k
$115k
$82k
$64k
$6k
$126k
$90k
$70k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
15 found
High confidence · county-verified
Closest comparable
$210k
1.0 mi · Mar 2026 · $75/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$3,784
Tax year 2021
Assessed value
$70,900
Assessed 2023
Previous assessed
$67,900
+4.4% YoY
Effective rate
5.34%
On assessed value
Total market value
$141,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Total area
3,098 SF
Lot
0.55 ac (24,089 SF)
Zoning code
C-2 HWY COMM
APN
11-08-501-049
UPID
US43-4270500
Jurisdiction
GENESEE
Zoning & alternative use
C-2 HWY COMM · Mount Morris, MIZoning C-2 HWY COMM · permitted uses
C-2 HWY COMM · Mount Morris, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Lot
0.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-2 HWY COMM
Jurisdiction
Mount Morris, MI
Recorded code
C-2 HWY COMM
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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