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Property profile & analytics
OFF-MARKET
Commercial real estate
863 Pne Rd, Essexville, MI 48732-2159
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-0982372
Property summary
AI-generated overview
This exceptional 1,600 square foot executive office space is ideally located at 863 N Pine Rd in Essexville, Michigan, 48732. Situated on a 2.3-acre lot, this property offers ample off-street parking. The interior boasts three private offices, a compliant ADA bathroom, a convenient kitchen area, and a dedicated storage room. The space is well-maintained and in excellent condition, making it suitable for a variety of professional uses. The property is zoned for commercial and industrial use, providing flexibility for potential tenants. Public sanitary sewer service is available. This turnkey solution is perfect for businesses seeking a move-in ready space with all the necessary amenities. The property is conveniently located in Bay County, within the Hampton Twp (09007) area, offering easy access to local amenities and transportation routes. The asking price for this exceptional opportunity is $18,000. MLS#: 50049832.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.3 ac (100,188 SF)
APN
070-026-200-085-00
UPID
US43-0982372
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
Mabb Real Estate Management LLC · 2 yrs held
Mabb Real Estate Management LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Essexville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Essexville 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
Tax billed
$20,921
Tax year 2023
Assessed value
$276,800
Assessed 2024
Previous assessed
$268,400
+3.1% YoY
Effective rate
7.56%
On assessed value
Total market value
$553,600
Applied tax rate
70.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
2.3 ac (100,188 SF)
APN
070-026-200-085-00
UPID
US43-0982372
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
2.3 ac
Current owner
From public records · entity-resolved
Mabb Real Estate Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
405 W GREENLAWN AVE STE G11, LANSING, MI 48910-2889
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
—
Mabb Real Estate Management LLC
Kinney Diversified Investments LLC
Land Contract
—
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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