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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Retail space
801 Euclid Ave, Bay City, MI 48706-2402
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1178565
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Total area
11,060 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C-2
APN
010-018-400-135-00
UPID
US43-1178565
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
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
-
THE PETERS ORGANIZATION Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$985k
Owner & transaction history
808 Bay Property LLC
808 Bay Property LLC
since 2026
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
C-2 · Bay City, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$960,000
+56.8%
Office building
$760,000
+23.6%
Auto repair, garage
$665,000
+8.5%
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 Bay City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bay City 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
$615,000
Current use
RESTAURANT
$960,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$760,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$665,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.25M (Feb 23 2026)
Last sale anchor
$1.25M
Feb 23 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
$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
$11,730
Tax year 2023
Assessed value
$410,600
Assessed 2024
Previous assessed
$410,600
+0.0% YoY
Effective rate
2.86%
On assessed value
Total market value
$821,200
Applied tax rate
10.0000
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
1958
Heating
FORCED AIR
Stories
1
Total area
11,060 SF
Lot
1.06 ac (46,174 SF)
Zoning code
C-2
APN
010-018-400-135-00
UPID
US43-1178565
Jurisdiction
BAY
Zoning & alternative use
C-2 · Bay City, MI
Zoning C-2 · permitted uses
C-2 · Bay City, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bay City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$615,000
RESTAURANT
Est. value
$960,000
OFFICE BUILDING
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$665,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
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
1958
Heating
FORCED AIR
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
808 Bay Property LLC
Entity
Mailing address
10855 1ST ST, STANWOOD, MI 49346-9642
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
$1,245,000
808 Bay Property LLC
Laframboise Realty LLC
Warranty Deed
$2,141,250 · Union Bank
Jan 21, 2025
—
Kathleen Johnson
The Jay L Johnson Trust
Deed
related
—
Feb 20, 2024
—
Jk Legacy LLC
Kathleen Johnson
Quit Claim Deed
related
—
—
—
Laframboise Realty LLC
—
Deed Of Trust
related
$687,881 · First State 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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