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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
113 Main St, Westphalia, MI 48894-9838
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-5079073
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Construction
CONCRETE
Total area
3,299 SF
Lot
0.34 ac (14,636 SF)
Zoning code
B-1
APN
161-000-001-005-01
UPID
US43-5079073
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
-
Ox's Smoked Meats Take-out & Catering Butcher
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
Clifford Hengesbach · 11 yrs held
Clifford Hengesbach
since 2014
3 recorded transactions
Zoning & alternative use
B-1 · Westphalia, 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 Westphalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westphalia 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
$1,380
Tax year 2022
Assessed value
$37,400
Assessed 2024
Previous assessed
$42,500
-12.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$8,100
Assessed improvement
$29,300
Land market value
$16,200
Improvement market value
$58,600
Total market value
$74,800
Applied tax rate
161.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Construction
CONCRETE
Heating
YES
Stories
1
Total area
3,299 SF
Lot
0.34 ac (14,636 SF)
Zoning code
B-1
APN
161-000-001-005-01
UPID
US43-5079073
Jurisdiction
CLINTON
Zoning & alternative use
B-1 · Westphalia, MI
Zoning B-1 · permitted uses
B-1 · Westphalia, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westphalia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE
Heating
YES
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Clifford Hengesbach
Individual
Mailing address
4731 BADGER RD, LYONS, MI 48851-9799
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2014
$45,000
Clifford Hengesbach
M & T Bank
Deed
$36,000 · Portland FCU
Sep 16, 2013
$102,933
M&t Bank
Thomas Spitzley
Sheriffs Deed
related
—
Dec 21, 2006
$135,000
Thomas Spitzley
Barbara A Platte
Warranty Deed
$101,250 · Interbay Funding LLC
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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