New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
118 Main St, Tekonsha, MI 49092-5105
Trust Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2092621
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
4,585 SF
Lot
0.05 ac (2,178 SF)
APN
44-060-082-10
UPID
US43-2092621
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
-
Tekonsha Cafe 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
by Request
Owner & transaction history
New Begininngs Trust · 2 yrs held
New Begininngs Trust
since 2023
7 recorded transactions
Zoning & alternative use
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 Tekonsha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tekonsha 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
$1,417
Tax year 2022
Assessed value
$66,200
Assessed 2024
Previous assessed
$35,500
+86.5% YoY
Effective rate
2.14%
On assessed value
Total market value
$132,400
Applied tax rate
13,130.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
4,585 SF
Lot
0.05 ac (2,178 SF)
APN
44-060-082-10
UPID
US43-2092621
Jurisdiction
CALHOUN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
New Begininngs Trust
Trust
Free & Clear · 2 yrs held
Mailing address
531 E COUNTY LINE RD, TEKONSHA, MI 49092-9285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
New Begininngs Trust
Just Right Estates 4 LLC
Deed
—
May 15, 2018
$75,000
Just Right Estates 4 LLC
J And D Properties LLC
Warranty Deed
$60,000 · Consumers Cu
Nov 22, 2013
$80,000
Downtown Tekonsha Rentals LLC
Tony R Cole
Warranty Deed
$80,000 · Southern Michigan Bank & Trust
Nov 22, 2013
$60,000
Tony R Cole
James P Rees
Warranty Deed
—
May 14, 2012
$1,537
Biringer Hutchinson Lillis Bappe
Calhoun County Treasurer
Redemption Deed
related
—
Mar 28, 2012
—
Tony R Cole
James P Rees
Land Contract
—
Aug 15, 2006
$30,000
George A Feltner
Feltner Cova
Warranty Deed
—
Aug 15, 2006
$75,000
James P Rees
Mary Davis
Warranty Deed
—
Aug 15, 2006
—
James P Rees
Mary Davis
Quit Claim Deed
related
—
Aug 15, 2006
$65,000
Mary Davis
George Anthony Feltner
Warranty Deed
$55,000 · Southern Michigan Bank & Trust
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 118 Main 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.
