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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Grocery and convenience stores
19393 Us Hwy 12, New Buffalo, MI 49117-8856
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-3254010
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Total area
2,049 SF
Lot
0.79 ac (34,412 SF)
Zoning code
SELECTZONING
APN
13-0019-0002-03-1
UPID
US43-3254010
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
$2.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
19393 U S12 LLC · 1 yrs held
19393 U S12 LLC
since 2024
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
SELECTZONING · New Buffalo, 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 New Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Buffalo 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
$2,065,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.07M (Oct 2 2024)
Last sale anchor
$2.07M
Oct 2 2024
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
$1,008 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,392
Tax year 2023
Assessed value
$64,700
Assessed 2024
Previous assessed
$64,700
+0.0% YoY
Effective rate
3.70%
On assessed value
Total market value
$129,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Stories
1
Total area
2,049 SF
Lot
0.79 ac (34,412 SF)
Zoning code
SELECTZONING
APN
13-0019-0002-03-1
UPID
US43-3254010
Jurisdiction
BERRIEN
Zoning & alternative use
SELECTZONING · New Buffalo, MI
Zoning SELECTZONING · permitted uses
SELECTZONING · New Buffalo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Buffalo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
19393 U S12 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
43200 GARFIELD RD, CLINTON TOWNSHIP, MI 48038-1114
Ownership since
2024
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
Oct 2, 2024
—
19393 U S12 LLC
Michael Patrick Lynch
Land Contract
—
Aug 18, 2017
—
Michael Patrick Lynch
James William Bouramas
Warranty Deed
—
Jul 26, 2017
—
Micheal Patrick Lynch
James William Bouramas
Warranty Deed
—
May 10, 2016
—
James William Bouramas
Re 5 LLC
Quit Claim Deed
related
—
Aug 3, 2011
—
Re#5 LLC
James William Bouramas
Warranty Deed
$130,000 · James Bouramas
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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