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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Banks
8420 Billwood Hwy Charlotte, MI 48813-9337
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-2226595
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Total area
2,200 SF
Lot
6 ac (261,360 SF)
Zoning code
B-1
APN
080 009 100 061 00
UPID
US43-2226595
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
$365k
Owner & transaction history
STATE EMPLOYEES CREDIT UNION
STATE EMPLOYEES CREDIT UNION
Zoning & alternative use
B-1 · Charlotte, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DISTRICT ARTICLE VII. RM-1 MULTIPLE-FAMILY RESIDENTIAL DISTRICT ARTICLE VIII. RM-2 MULTIPLE-FAMILY RESIDENTIAL DISTRICT ARTICLE IX. MH MOBILE HOME RESIDENTIAL DISTRICT ARTICLE X. OS-1 OFFICE-SERVICE DISTRICT ARTICLE XI. B-1 LOCAL BUSINESS DISTRICT ARTICLE XII. B-2 COMMUNITY BUSINESS DISTRICT ARTICLE XIIA. MARGINAL SERVICE ROADS ARTICLE XIII. B-3 GENERAL BUSI…
Zone name
Local Business
General category
COMMERCIAL
Zone area
19.66 ac
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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
Blend value · Realmo final
$365k
Range $329k – $402k · ±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
$166 / 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
$10,612
Tax year 2023
Assessed value
$304,800
Assessed 2024
Previous assessed
$288,200
+5.8% YoY
Effective rate
3.48%
On assessed value
Total market value
$609,600
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
2,200 SF
Lot
6 ac (261,360 SF)
Zoning code
B-1
APN
080 009 100 061 00
UPID
US43-2226595
Jurisdiction
EATON
Zoning & alternative use
B-1 · Charlotte, MIZoning B-1 · permitted uses
B-1 · Charlotte, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DISTRICT ARTICLE VII. RM-1 MULTIPLE-FAMILY RESIDENTIAL DISTRICT ARTICLE VIII. RM-2 MULTIPLE-FAMILY RESIDENTIAL DISTRICT ARTICLE IX. MH MOBILE HOME RESIDENTIAL DISTRICT ARTICLE X. OS-1 OFFICE-SERVICE DISTRICT ARTICLE XI. B-1 LOCAL BUSINESS DISTRICT ARTICLE XII. B-2 COMMUNITY BUSINESS DISTRICT ARTICLE XIIA. MARGINAL SERVICE ROADS ARTICLE XIII. B-3 GENERAL BUSINESS DISTRICT ARTICLE XIV. CBD CENTRAL BUSINESS DISTRICT ARTICLE XV. C CONSERVANCY
Zone name
Local Business
General category
COMMERCIAL
Zone area
19.66 ac
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
STATE EMPLOYEES CREDIT UNION
Individual
Free & Clear · 0 yrs held
Mailing address
501 S CAPITOL AVE, LANSING, MI 48933-2320
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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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