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Property profile & analytics
OFF-MARKET
Retail residential properties
105 State St Hastings, MI 49058-1808
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-4453569
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Total area
15,074 SF
Lot
0.12 ac (5,358 SF)
Zoning code
B-1
APN
08-55-201-089-00
UPID
US43-4453569
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
-
Walldorff Brew Pub & Bistro Production Facility Brewery & Distillery
-
Munro Photography Wedding Service Photography Service
-
The Gatherer sculpture by Brent Harris Sculpture
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
Timothy S Baker · 11 yrs held
Timothy S Baker
since 2015
5 recorded transactions
Zoning & alternative use
B-1 · Hastings, 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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
$20,150
Tax year 2023
Assessed value
$331,800
Assessed 2024
Previous assessed
$331,800
+0.0% YoY
Effective rate
6.07%
On assessed value
Total market value
$663,600
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
3
Total area
15,074 SF
Lot
0.12 ac (5,358 SF)
Zoning code
B-1
APN
08-55-201-089-00
UPID
US43-4453569
Jurisdiction
BARRY
Zoning & alternative use
B-1 · Hastings, MI
Zoning B-1 · permitted uses
B-1 · Hastings, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
3
Buildings
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Timothy S Baker
Individual
Mailing address
105 E STATE ST, HASTINGS, MI 49058-1808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
—
J And G Hospitality Group LLC
—
Deed
related
$580,000 · Highpoint Community Bank
Jun 25, 2015
—
Timothy S Baker
Bolthouse Merchandising Corp
Grant Deed
related
—
Apr 17, 2006
—
J & G Hospitality Group LLC
Owner,record
Grant Deed
related
—
May 20, 2005
$212,000
Carl A Schoessel
Walldorff Building LLC
Grant Deed
—
—
—
J & G Hospitality Group LLC
—
Deed Of Trust
related
$962,000 · Michigan Certified Dev Corp
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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