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Property profile & analytics
OFF-MARKET
Turn key restaurants
1255 Pipestone Rd Benton Harbor, MI 49022-3847
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3676153
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
516 SF
Lot
0.16 ac (7,187 SF)
Zoning code
D1 COMM
APN
03-8680-0020-06-0
UPID
US43-3676153
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
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
A And C Legacy Rentals And Sales Ll · 3 yrs held
A And C Legacy Rentals And Sales Ll
since 2022
Last sale
$400
7 recorded transactions
Zoning & alternative use
D1 COMM · Benton Harbor, 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 Benton Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benton Harbor 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
$839
Tax year 2023
Assessed value
$18,700
Assessed 2024
Previous assessed
$18,700
+0.0% YoY
Effective rate
4.49%
On assessed value
Total market value
$37,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Stories
1
Total area
516 SF
Lot
0.16 ac (7,187 SF)
Zoning code
D1 COMM
APN
03-8680-0020-06-0
UPID
US43-3676153
Jurisdiction
BERRIEN
Zoning & alternative use
D1 COMM · Benton Harbor, MIZoning D1 COMM · permitted uses
D1 COMM · Benton Harbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
A And C Legacy Rentals And Sales Ll
Individual
Free & Clear · 3 yrs held
Mailing address
1301 SUPERIOR ST, BENTON HARBOR, MI 49022-5934
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
A And C Legacy Rentals And Sales Ll
Jeremy Armstrong
Quit Claim Deed
related
—
Mar 29, 2022
$400
A And C Legacy Rentals And Salis Ll
Tasha Armstrong
Quit Claim Deed
related
—
Aug 26, 2016
$24,000
Joshua Morgan
Emery M Varrie I Trust
Warranty Deed
—
May 3, 2013
$29,000
Emery M Varrie
Imtiaz Shaha
Warranty Deed
—
Jun 22, 2012
$1,735
Imtiaz Shaha
Berrien County Treasurer
Redemption Deed
related
—
Jun 20, 2007
$31,000
Imtiaz Shaha
Jeffrey Scott
Warranty Deed
$24,750 · Chemical Bank
Mar 24, 2005
$90,000
Jeffrey Scott
Donald L Goodrum
Warranty Deed
$81,000 · Ameritrust Mortgage Co
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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