Trust Owned 
For Sale
1 / 3
Contact for pricing
116 E 2Nd St, Lawton, MI 49065
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Property summary
AI-generated overview
The property is an operational ice cream store located in Lawton, Michigan, configured for retail use within a 360-square-foot building on a 0.03-acre lot. The building has been reconditioned and features system updates including a newer roof, basement, and replaced electrical and plumbing systems. The retail space is set up with most fixtures included and has a basement area for additional space. The store historically served Hershey’s Ice Cream and is arranged to offer multiple ice cream flavors in a family-oriented customer setting; the property is generally suited to food and beverage retail operations consistent with an ice cream storefront.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Total area
320 SF
Lot
1 ac (43,560 SF)
Zoning code
CALL VILLAGE
APN
80-45-250-014-00
UPID
US43-2110065
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant Take-out & Catering
-
Grocery & Convenience Store Specialty Food Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$40k
Owner & transaction history
since 2025
Last sale
$18,000
3 recorded transactions
Zoning & alternative use
CALL VILLAGE · Lawton, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$40k
Value range
$36k – $44k
±10% around blend
Estimated value / SF
$125 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$36k
blend $40k
$44k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
320 SF
Lot area
1 ac
Stories
1
APN
80-45-250-014-00
Zoning
CALL VILLAGE
Assessed value
$13,100
Annual tax
$1,596
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$1,596
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$40k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 23 sales
$92
+35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $125/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
2.14%
Selected cap rate for this drive through restaurants
Derived from the Lawton market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$4k *
Last sale · Oct 2022
$18k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$195k
Move the market yield to see immediate price impact.
Value / SF
$608
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.64%2.14%2.64%
$4k
$229k
$175k
$142k
$4k
$254k
$195k
$158k
$5k
$279k
$214k
$173k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$1,596
Tax year 2020
Assessed value
$13,100
Assessed 2023
Previous assessed
$22,200
-41.0% YoY
Effective rate
12.18%
On assessed value
Total market value
$26,200
Applied tax rate
80,450.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Heating
NONE
Stories
1
Total area
320 SF
Lot
1 ac (43,560 SF)
Zoning code
CALL VILLAGE
APN
80-45-250-014-00
UPID
US43-2110065
Jurisdiction
VAN BUREN
Zoning & alternative use
CALL VILLAGE · Lawton, MIZoning CALL VILLAGE · permitted uses
CALL VILLAGE · Lawton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CALL VILLAGE
Jurisdiction
Lawton, MI
Recorded code
CALL VILLAGE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CALL VILLAGE in Lawton, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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