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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
103 Main St, Hanover, MI 49241-9811
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-1777142
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Total area
3,456 SF
Lot
0.06 ac (2,526 SF)
Zoning code
RS-1
APN
000-17-21-355-011-00
UPID
US43-1777142
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
Blackout Construction LLC · 4 yrs held
Blackout Construction LLC
since 2021
6 recorded transactions
Zoning & alternative use
RS-1 · Hanover, 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 Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover 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 2020Property tax & assessments
Tax year 2020
Tax billed
$1,640
Tax year 2020
Assessed value
$28,400
Assessed 2023
Previous assessed
$26,100
+8.8% YoY
Effective rate
5.77%
On assessed value
Total market value
$56,800
Applied tax rate
45.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
3,456 SF
Lot
0.06 ac (2,526 SF)
Zoning code
RS-1
APN
000-17-21-355-011-00
UPID
US43-1777142
Jurisdiction
JACKSON
Zoning & alternative use
RS-1 · Hanover, MI
Zoning RS-1 · permitted uses
RS-1 · Hanover, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Blackout Construction LLC
Entity
Free & Clear · 4 yrs held
Mailing address
116 GREENTREE DR #101, DOVER, DE 19904-7648
Ownership since
2021
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
Nov 30, 2021
—
Blackout Construction LLC
Jackson County Treasurer
Quit Claim Deed
related
—
Apr 10, 2019
—
Calumet Real Estate
Sd Mcleskey Trust
Quit Claim Deed
related
—
Oct 10, 2018
$7,400
Sd,mcleskey Trust
Coffman,karen A
Quit Claim Deed
related
—
Apr 5, 2018
—
Treasurer Of Jackson County
Johansen,darrel & Linda
Tax Deed
related
—
Jun 12, 2013
—
Kody Whitford
Knapp,lee A
Quit Claim Deed
related
—
Mar 26, 2008
—
Darrel J Johansen
Knapp,ricky L & Lee A
Grant Deed
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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