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Property profile & analytics
OFF-MARKET
Turn key restaurants
912 Euclid Ave, Bay City, MI 48706-3307
Entity Owned
Free & Clear
Property ID
US43-0084680
Property summary
AI-generated overview
This newly renovated, 4,456 square foot Class B office building in Bay City, Michigan, presents a unique investment opportunity. Located at 912 S Euclid Ave, 48706, this property boasts a prime location just north of Salzburg, easily accessible from I-75 via the I-75/M-25 business loop. The building is divided into two suites: a fully renovated 2,228 square foot modern medical office featuring four exam rooms, two restrooms, a reception area, staff workspace, physician's office, break room with kitchenette, two storage rooms, and a dedicated IT closet
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1955
Total area
4,420 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C
APN
100-037-200-660-00
UPID
US43-0084680
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
-
Advanced Total Wound Care Medical Clinic
-
Altitude Cannabis Company - Recreational Cannabis Dispensary 21+ Medical Patients are welcomed! (Bike/Boat/Book/etc) Store
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
Gracen Medica LLC
Gracen Medica LLC
since 2025
Last sale
$360,000
7 recorded transactions
Zoning & alternative use
C · Bay City, MI
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 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
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
$6,580
Tax year 2023
Assessed value
$144,700
Assessed 2024
Previous assessed
$146,000
-0.9% YoY
Effective rate
4.55%
On assessed value
Total market value
$289,400
Applied tax rate
100.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Stories
1
Total area
4,420 SF
Lot
0.96 ac (41,818 SF)
Zoning code
C
APN
100-037-200-660-00
UPID
US43-0084680
Jurisdiction
BAY
Zoning & alternative use
C · Bay City, MI
Zoning C · permitted uses
C · 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.
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Gracen Medica LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1227 SARAH JANE CT, AUBURN, MI 48611-9204
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
—
Gracen Medica LLC
—
Deed
related
$272,000 · Independent Bank
Sep 23, 2025
$360,000
Gracen Medica LLC
Atwc Real Estate LLC
Warranty Deed
—
Nov 16, 2021
—
Atwc Real Estate LLC
Advanced Total Wound Care LLC
Quit Claim Deed
related
—
May 11, 2021
$300,000
Advanced Total Wound Care LLC
Melvin Correa
Warranty Deed
$408,600 · 1st State Bank
Feb 12, 2021
—
Melvin E Correa
Melvin E Correa
Intrafamily Transfer
related
—
Jan 21, 2020
$65,000
Melvin Correa
Randy G Weiss
Warranty Deed
—
May 17, 2006
—
Son L Phung
Keil,julie A
Quit Claim Deed
related
—
May 17, 2006
$230,000
Son L Phung
Ing,mai K & Paulette D
Warranty Deed
$207,000 · Chemical Bank
—
—
Son L Phung
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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