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Property profile & analytics
FOR LEASE
Drive through restaurants
1317 N Eaton St Albion, MI 49224
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4287720
For Lease
1 / 18
$22 SF/Yr
1317 N Eaton St, Albion, MI 49224
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Total area
2,914 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C
APN
51-005-910-20
UPID
US43-4287720
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
-
KFC 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
$380k
Owner & transaction history
Rac Holdings LLC · 1 yrs held
Rac Holdings LLC
since 2025
1 recorded transaction
Zoning & alternative use
C · Albion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General Business District is intended to provide for a diverse mix of retail business and services in areas which abut major thoroughfares. Uses within the Commercial District tend to be more automobile-dependent.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
121.50 ac
Source
Realmo
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 Albion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albion 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$380k
Range $342k – $418k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$130 / SF
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
$6,066
Tax year 2022
Assessed value
$181,600
Assessed 2024
Previous assessed
$198,700
-8.6% YoY
Effective rate
3.34%
On assessed value
Total market value
$363,200
Applied tax rate
13,010.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1998
Heating
FORCED AIR
Stories
1
Total area
2,914 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C
APN
51-005-910-20
UPID
US43-4287720
Jurisdiction
CALHOUN
Zoning & alternative use
C · Albion, MIZoning C · permitted uses
C · Albion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General Business District is intended to provide for a diverse mix of retail business and services in areas which abut major thoroughfares. Uses within the Commercial District tend to be more automobile-dependent.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
121.50 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Rac Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2112 INDUSTRIAL DR, NILES, MI 49120-1233
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Rac Holdings LLC
Rac Holdings LLC
Quitclaim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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