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Property profile & analytics
OFF-MARKET Estimated value $550,000
Drug stores

8012 Spg Arbor Rd Spring Arbor, MI 49283-9764

7,014 SF 4 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
Property ID
US43-1146629
Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2002
Total area 7,014 SF
Lot 4 ac (174,240 SF)
Zoning code C-3
APN 000-12-16-430-014-08
UPID US43-1146629
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
  • Weatherwax Pharmacy Pharmacy
  • Marlouis Edwards Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$477k
Blend (final) Blend
$550k
Owner & transaction history
Clab Leasing LLC
Clab Leasing LLC
since 2025
Last sale
$615,000
3 recorded transactions
2025
$615,000
2024
Price N/A
2024
Price N/A
Zoning & alternative use
C-3 · Spring Arbor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 truck traffic. These districts should be provided at locations along major thoroughfares or adjacent to the interchange ramps of a limited acce…

Zone name Highway Commercial
General category COMMERCIAL
Zone area 291.82 ac
Source SPRING ARBOR
Top alternative use upside
Restaurant $590,000 +23.9%
Medical building $575,000 +20.6%
Office building $520,000 +9.2%
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