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Property profile & analytics
OFF-MARKET
Bars & Pubs
137 Main St, Fowler, MI 48835-5121
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-2378121
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1890
Construction
WOOD
Total area
2,533 SF
Lot
0.19 ac (8,276 SF)
Zoning code
COM
APN
041-012-000-155-00
UPID
US43-2378121
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
-
Miller's Tavern Bar & Pub
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
Edward J Decker · 6 yrs held
Edward J Decker
since 2019
5 recorded transactions
Zoning & alternative use
COM · Fowler, 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 Fowler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fowler 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
$1,643
Tax year 2022
Assessed value
$51,000
Assessed 2024
Previous assessed
$47,600
+7.1% YoY
Effective rate
3.22%
On assessed value
Assessed land
$11,000
Assessed improvement
$40,000
Land market value
$22,000
Improvement market value
$80,000
Total market value
$102,000
Applied tax rate
41.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1890
Construction
WOOD
Heating
YES
Buildings
2
Stories
1
Total area
2,533 SF
Lot
0.19 ac (8,276 SF)
Zoning code
COM
APN
041-012-000-155-00
UPID
US43-2378121
Jurisdiction
CLINTON
Zoning & alternative use
COM · Fowler, MI
Zoning COM · permitted uses
COM · Fowler, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fowler. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Construction
WOOD
Heating
YES
Stories
1
Buildings
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Edward J Decker
Individual
Mailing address
12851 W TOWNSEND RD, FOWLER, MI 48835-8272
Ownership since
2019
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
Jul 22, 2019
$120,000
Edward J Decker
137 S Main St LLC
Warranty Deed
—
Aug 2, 2017
—
137 S Main St LLC
—
Deed
related
$50,000 · Chemical Bank
Apr 11, 2008
—
Mack L Webster
Jeffrey W Barrett
Quit Claim Deed
related
—
Apr 11, 2008
$60,000
Mack L Webster
Kelly L Nurenberg
Deed
—
Apr 11, 2008
$87,000
137 S Main St LLC
Mack L Webster
Warranty Deed
—
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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