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Property profile & analytics
OFF-MARKET
Industrial land
8181 State Rd Otisville, MI 48463-9409
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-4442991
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
4.13 ac (179,903 SF)
Zoning code
I
APN
16-04-400-023
UPID
US43-4442991
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
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
Derrick Diamond · 2 yrs held
Derrick Diamond
since 2024
3 recorded transactions
Zoning & alternative use
I · Otisville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide locations for industrial uses, with adequate public infrastructure and appropriate design standards necessary to protect adjacent land uses and the public health
Zone name
Industrial
General category
INDUSTRIAL
Zone area
5.25 ac
Source
Realmo
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 Otisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otisville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$35,300
Assessed 2024
Previous assessed
$35,300
+0.0% YoY
Total market value
$70,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Lot
4.13 ac (179,903 SF)
Zoning code
I
APN
16-04-400-023
UPID
US43-4442991
Jurisdiction
GENESEE
Zoning & alternative use
I · Otisville, MIZoning I · permitted uses
I · Otisville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide locations for industrial uses, with adequate public infrastructure and appropriate design standards necessary to protect adjacent land uses and the public health
Zone name
Industrial
General category
INDUSTRIAL
Zone area
5.25 ac
Source
Realmo
Building & site characteristics
From public records
Lot
4.13 ac
Current owner
From public records · entity-resolved
Derrick Diamond
Individual
Free & Clear · 2 yrs held
Mailing address
8181 N STATE RD, OTISVILLE, MI 48463-9409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
—
Derrick Diamond
Diamond Excvating LLC
Quit Claim Deed
related
—
Jun 16, 2022
$15,000
Diamond Excavating LLC
Derrick Diamond
Quit Claim Deed
related
—
Dec 27, 2021
—
Diamond Excavating LLC
Derrick Diamond
Intrafamily Transfer
related
$250,000 · Elga Credit Union
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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