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Property profile & analytics
OFF-MARKET
Restaurants
1308 Sherman Blvd Muskegon, MI 49441-3539
Entity Owned
Free & Clear
Property ID
US43-1527573
Property summary
AI-generated overview
This property features a 5,304 sq ft building situated on a 0.57-acre corner lot. The building, previously operated as a well-known restaurant for over 30 years, includes dual access points and ample parking. The restaurant was known for its authentic Mexican dishes and award-winning steaks. A 1,800 sq ft apartment is located on the second floor, suitable for an owner or on-site manager; it was previously rented. The restaurant maintained high ratings on various online platforms. The property presents a value-add opportunity for revitalization.
Property profile
Verified
Property type
Restaurants
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
5,304 SF
Lot
0.56 ac (24,611 SF)
Zoning code
B-4
APN
61-24-382-029-0014-00
UPID
US43-1527573
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
Skeetown Properties LLC
Skeetown Properties LLC
since 2025
Last sale
$150,000
5 recorded transactions
Zoning & alternative use
B-4 · Muskegon, 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 Muskegon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muskegon 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
$6,900
Tax year 2023
Assessed value
$185,200
Assessed 2024
Previous assessed
$177,400
+4.4% YoY
Effective rate
3.73%
On assessed value
Total market value
$370,400
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
Restaurants
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1930
Heating
NONE
Stories
2
Rooms
1
Total area
5,304 SF
Lot
0.56 ac (24,611 SF)
Zoning code
B-4
APN
61-24-382-029-0014-00
UPID
US43-1527573
Jurisdiction
MUSKEGON
Zoning & alternative use
B-4 · Muskegon, MI
Zoning B-4 · permitted uses
B-4 · Muskegon, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Muskegon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
2
Rooms
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Skeetown Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1313 BEARDSLEY AVE, MUSKEGON, MI 49441-3241
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
$150,000
Skeetown Properties LLC
Ronald A Estlick
Warranty Deed
—
Aug 26, 2025
—
Muskegon Land Holdings INC
Skeetown Properties LLC
Warranty Deed
—
Oct 6, 2014
—
Ronald A Estlick
Estlick,ronald A & Mary K
Quit Claim Deed
related
—
Jan 2, 2013
—
Skeetown Properties LLC
Estlick,ronald A & Mary K
Grant Deed
related
—
—
—
Skeetown Tavern INC
—
Deed Of Trust
related
$35,000 · Ronald A & Mary K Estlick
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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