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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Retail space
7650 Spg Arbor Rd Spring Arbor, MI 49283-9711
Entity Owned
13-yr Hold
Free & Clear
Property ID
US43-0856059
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Total area
11,300 SF
Lot
2.35 ac (102,366 SF)
Zoning code
I-1
APN
000-12-15-326-005-02
UPID
US43-0856059
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
-
Spring Arbor Appliance Home Appliance Store Hardware & Home Improvement
-
Spring Arbor Framery (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$290k
Owner & transaction history
Holton Investment Co LLC · 13 yrs held
Holton Investment Co LLC
since 2012
2 recorded transactions
Zoning & alternative use
I-1 · Spring Arbor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
uses which would function more effectively in other districts and would interfere with the operation of these industrial activities and the purpose of these districts have been excluded. 4.5.1 Light Industrial District (I-1): Article 4 Zoning District Regulations Spring Arbor Township Zoning Ordinance 4-15 Reprinted - February 20, 2015 This district is desig…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
146.33 ac
Source
SPRING ARBOR
Top alternative use upside
Medical building
$925,000
+20.6%
Office building
$840,000
+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 Spring Arbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Arbor 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
RETAIL STORES
$770,000
Current use
MEDICAL BUILDING
$925,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$760,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$635,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$290k
Range $261k – $319k · ±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
$26 / 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
$11,063
Tax year 2022
Assessed value
$222,700
Assessed 2023
Previous assessed
$208,000
+7.1% YoY
Effective rate
4.97%
On assessed value
Total market value
$445,400
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
11,300 SF
Lot
2.35 ac (102,366 SF)
Zoning code
I-1
APN
000-12-15-326-005-02
UPID
US43-0856059
Jurisdiction
JACKSON
Zoning & alternative use
I-1 · Spring Arbor, MIZoning I-1 · permitted uses
I-1 · Spring Arbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
uses which would function more effectively in other districts and would interfere with the operation of these industrial activities and the purpose of these districts have been excluded. 4.5.1 Light Industrial District (I-1): Article 4 Zoning District Regulations Spring Arbor Township Zoning Ordinance 4-15 Reprinted - February 20, 2015 This district is designed to provide suitable space for light industrial uses which operate in a safe, no
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
146.33 ac
Source
SPRING ARBOR
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$770,000
MEDICAL BUILDING
Est. value
$925,000
OFFICE BUILDING
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$635,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1972
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Holton Investment Co LLC
Entity
Free & Clear · 13 yrs held
Mailing address
9780 SEARS RD, CONCORD, MI 49237-9650
Ownership since
2012
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
Dec 28, 2012
$360,000
Holton Investment Co LLC
Boss,dean S
Warranty Deed
—
Dec 22, 2008
—
Holton Investment Co LLC
Holton,leroy E & Joann
Quit Claim 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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