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Property profile & analytics
OFF-MARKET
Drive through restaurants
1005 Michigan Ave Marshall, MI 49068-9301
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-4195788
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Total area
1,585 SF
Lot
0.35 ac (15,246 SF)
Zoning code
FS FREEWAY
APN
53-308-015-00
UPID
US43-4195788
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
-
Hi-Lite (Seasonal) Restaurant
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
Hdawson Proeprties LLC · 1 yrs held
Hdawson Proeprties LLC
since 2025
4 recorded transactions
Zoning & alternative use
FS FREEWAY · Marshall, 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 Marshall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshall 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,148
Tax year 2022
Assessed value
$87,900
Assessed 2024
Previous assessed
$87,700
+0.2% YoY
Effective rate
6.99%
On assessed value
Total market value
$175,800
Applied tax rate
13,110.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
1,585 SF
Lot
0.35 ac (15,246 SF)
Zoning code
FS FREEWAY
APN
53-308-015-00
UPID
US43-4195788
Jurisdiction
CALHOUN
Zoning & alternative use
FS FREEWAY · Marshall, MIZoning FS FREEWAY · permitted uses
FS FREEWAY · Marshall, MI
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
FORCED AIR
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Hdawson Proeprties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
201 W MICHIGAN AVE, MARSHALL, MI 49068-1523
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
Hdawson Proeprties LLC
B & T Food LLC
Deed
—
Jan 4, 2024
$146,114
William L Wright
Eileen G Burns
Warranty Deed
—
Jan 4, 2024
—
B And T Food LLC
William L Wright
Quit Claim Deed
related
$90,000 · Marshall Community Cu
Nov 15, 2006
$100,000
Mar-creek Ventures LLC
Gms & Co LLC
Warranty Deed
—
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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