Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$425,000
Turn key restaurants
108 Fry St Berrien Springs, MI 49103-1153
Individually Owned
Free & Clear
Property ID
US43-3564628
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
5,076 SF
Lot
0.12 ac (5,401 SF)
Zoning code
C-2
APN
32-0340-0144-09-0
UPID
US43-3564628
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
-
Beijin Palace 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
$425k
Owner & transaction history
Cassandra Gultom
Cassandra Gultom
since 2026
1 recorded transaction
Zoning & alternative use
C-2 · Berrien Springs, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d by right or Special Land Use in the B Business District of the Oronoko Char ter Township Zoning Ordinance. B. For properties within the Village of Berrien Springs, uses permitted by right or by Special Land Use in the C-2 Central Business District. C. Single- and two-family dwellings. D. Multiple-family dwellings. Uses that are considered special land uses…
Zone name
Central Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
20.93 ac
Source
Adopted Code.pdf
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 Berrien Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berrien Springs 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
Blend value · Realmo final
$425k
Range $383k – $468k · ±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
$84 / 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
$2,898
Tax year 2023
Assessed value
$153,700
Assessed 2024
Previous assessed
$147,200
+4.4% YoY
Effective rate
1.89%
On assessed value
Total market value
$307,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Stories
1
Total area
5,076 SF
Lot
0.12 ac (5,401 SF)
Zoning code
C-2
APN
32-0340-0144-09-0
UPID
US43-3564628
Jurisdiction
BERRIEN
Zoning & alternative use
C-2 · Berrien Springs, MIZoning C-2 · permitted uses
C-2 · Berrien Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
d by right or Special Land Use in the B Business District of the Oronoko Char ter Township Zoning Ordinance. B. For properties within the Village of Berrien Springs, uses permitted by right or by Special Land Use in the C-2 Central Business District. C. Single- and two-family dwellings. D. Multiple-family dwellings. Uses that are considered special land uses by the applicable municipal Zoning Ordinance shall also be considered special land
Zone name
Central Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
20.93 ac
Source
Adopted Code.pdf
Building & site characteristics
From public records
Year built
1900
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Cassandra Gultom
Individual
Free & Clear · 0 yrs held
Mailing address
108 E FRY ST, BERRIEN SPRINGS, MI 49103-1153
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
Cassandra Gultom
Wei Lei Xiang
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 108 Fry St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
