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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Retail space
901 Midland St, Bay City, MI 48706-4288
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1636833
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
10,976 SF
Lot
0.63 ac (27,443 SF)
Zoning code
C-2B HWY BUS
APN
160-020-301-004-00
UPID
US43-1636833
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
-
Rite Aid Photo (Bike/Boat/Book/etc) Store
-
Rite Aid Pharmacy Pharmacy
-
Jane M. Beyer, RPh Pharmacy
-
Rite Aid Pharmacy
-
Gordon Nellett Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$886k
Blend (final)
Blend
$885k
Owner & transaction history
901 Midland Bay LLC · 1 yrs held
901 Midland Bay LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-2B HWY BUS · Bay City, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$955,000
+56.8%
Office building
$750,000
+23.6%
Auto repair, garage
$660,000
+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
$610,000
Current use
RESTAURANT
$955,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$750,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$660,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$81 / 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
$85,698
Tax year 2023
Assessed value
$735,500
Assessed 2024
Previous assessed
$735,500
+0.0% YoY
Effective rate
11.65%
On assessed value
Total market value
$1,471,000
Applied tax rate
160.0000
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
1950
Heating
FORCED AIR
Stories
1
Total area
10,976 SF
Lot
0.63 ac (27,443 SF)
Zoning code
C-2B HWY BUS
APN
160-020-301-004-00
UPID
US43-1636833
Jurisdiction
BAY
Zoning & alternative use
C-2B HWY BUS · Bay City, MI
Zoning C-2B HWY BUS · permitted uses
C-2B HWY BUS · 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
$610,000
RESTAURANT
Est. value
$955,000
OFFICE BUILDING
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$660,000
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
1950
Heating
FORCED AIR
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
901 Midland Bay LLC
Entity
Mailing address
2401 E DIVISION ST, NATIONAL CITY, CA 91950-1901
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
901 Midland Bay LLC
As & R Real Estate LLC
Warranty Deed
—
Oct 18, 2021
$1,600,000
As & R Real Estate LLC
901 West Midland LLC
Warranty Deed
$905,000 · Cnb St Louis Bank
Dec 6, 2018
—
901 West Midland LLC
—
Deed
related
$1,000,000 · The State Bank
Dec 4, 2018
—
Team One Cu
County Treasurer/bay
Grant Deed
related
—
Jun 19, 2018
$777,249
Team One Cu
Deputy Sheriff Of Bay County|901 West Midland LLC
Trustees Deed
related
—
Jan 10, 2018
—
901 West Midland LLC
—
Deed
related
$550,000 · Mfx Cap LLC
Jul 13, 2016
—
901 West Midland LLC
—
Deed
related
$800,000 · Team One Cu
Jun 7, 2016
—
901 West Midland LLC
—
Deed Of Trust
related
$1,058,201 · Bcop LLC
Sep 23, 2015
$1,075,000
901 West Midland LLC
Midland Street LLC
Warranty Deed
$645,000 · Tbg Funding LLC
—
—
901 West Midland LLC
—
Deed Of Trust
related
$800,000 · Team One Cu
—
—
901 West Midland LLC
—
Deed Of Trust
related
$550,000 · Mfx Cap LLC
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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