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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Retail space
902 Columbus Ave Bay City, MI 48708-6604
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-5233251
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
8,146 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-2A GENL BUS
APN
160-028-281-001-00
UPID
US43-5233251
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
-
Advance Auto Parts Auto Parts Store
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$660k
Owner & transaction history
Kok-kin Properties LLC · 7 yrs held
Kok-kin Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
C-2A GENL BUS · Bay City, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$710,000
+56.8%
Office building
$560,000
+23.6%
Auto repair, garage
$490,000
+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
$450,000
Current use
RESTAURANT
$710,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$560,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$490,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$42,937
Tax year 2023
Assessed value
$434,650
Assessed 2024
Previous assessed
$432,700
+0.5% YoY
Effective rate
9.88%
On assessed value
Total market value
$869,300
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
1993
Heating
FORCED AIR
Stories
1
Total area
8,146 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-2A GENL BUS
APN
160-028-281-001-00
UPID
US43-5233251
Jurisdiction
BAY
Zoning & alternative use
C-2A GENL BUS · Bay City, MI
Zoning C-2A GENL BUS · permitted uses
C-2A GENL 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
$450,000
RESTAURANT
Est. value
$710,000
OFFICE BUILDING
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$490,000
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
1993
Heating
FORCED AIR
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Kok-kin Properties LLC
Entity
Mailing address
24479 N 120TH PL, SCOTTSDALE, AZ 85255-5960
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2019
—
902 Columbus Ave Bay City LLC
—
Deed
related
$445,200 · Southern Mi Bk&tr
Dec 12, 2018
—
Kok-kin Properties LLC
902 Columbus Ave Bay City LLC
Warranty Deed
related
—
Dec 11, 2018
$390,000
902 Columbus Ave Bay City LLC
Toliver,richard & Sharon
Warranty Deed
—
Apr 7, 2006
$750,000
Richard Toliver
902 Columbus Avenue LLC
Warranty Deed
—
Oct 19, 2005
$440,000
902 Columbus Avenue LLC
Rite Aid Of Michigan INC
Warranty Deed
$374,000 · Inland Bank & Trust
—
—
902 Columbus Ave Bay City LLC
—
Deed Of Trust
related
$445,200 · Southern Mi Bk&tr
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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