For Lease
1 / 32
$12 SF/Yr
7851 Spring Arbor Rd,Unit 24-26, Spring Arbor, MI 49283
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Property profile
Verified
Property type
Neighborhood: Shopping Center, Strip Center, Enterprise Zone
Year built
2003
Total area
53,900 SF
Lot
8.4 ac (365,904 SF)
Zoning code
C-3
APN
000-12-15-351-001-07
UPID
US43-1374365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
Hair Salon
-
Alternative Medicine Practice
-
Gym & Fitness Center
-
Crisis Center Medical Clinic
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
by Request
Owner & transaction history
since 2025
3 recorded transactions
Zoning & alternative use
C-3 · Spring Arbor, MI
Zoning description
4.4.3 Highway Service Commercial District (C-3): This district is intended to provide for various commercial establishments offering accom- modations, supplies, and services to local as well as through automobile and tru…
General category
COMMERCIAL
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
53,900 SF
Lot area
8.4 ac
Year built
2003
APN
000-12-15-351-001-07
Zoning
C-3
Assessed value
$1,413,200
Annual tax
$64,729
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
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
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$1.41M
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%
$89k
$1.78M
$1.27M
$989k
$99k
$1.98M
$1.41M
$1.10M
$109k
$2.18M
$1.55M
$1.21M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$64,729
Tax year 2022
Assessed value
$1,413,200
Effective rate
4.58%
On assessed value
Total market value
$2,826,400
Applied tax rate
15.0000
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
Neighborhood: Shopping Center, Strip Center, Enterprise Zone
Status
For Lease
Year built
2003
Total area
53,900 SF
Lot
8.4 ac (365,904 SF)
Zoning code
C-3
APN
000-12-15-351-001-07
UPID
US43-1374365
Zoning & alternative use
C-3 · Spring Arbor, MIZoning C-3 · permitted uses
C-3 · Spring Arbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
4.4.3 Highway Service Commercial District (C-3): This district is intended to provide for various commercial establishments offering accom- modations, supplies, and services to local as well as through automobile and tru…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
2003
Lot
8.4 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-3
COMMERCIAL
Jurisdiction
Spring Arbor, MI
Recorded code
C-3
Official district
C-3
Official district profile
What the municipal code says about C-3
Zoning description
4.4.3 Highway Service Commercial District (C-3): This district is intended to provide for various commercial establishments offering accom- modations, supplies, and services to local as well as through automobile and tru…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Spring Arbor, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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