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Property profile & analytics
OFF-MARKET
Office buildings
20 Landings Rd 1 New Buffalo, MI 49117-1913
Individually Owned
5-yr Hold
Free & Clear
Property ID
US43-4941548
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
587 SF
Zoning code
WM
APN
62-6200-0001-00-0
UPID
US43-4941548
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
New Buggalo Township · 5 yrs held
New Buggalo Township
since 2020
1 recorded transaction
Zoning & alternative use
WM · New Buffalo, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
WM - Waterfront Marina District. The WM - Waterfront Marina District is designed to promote commercial and recreational boating along with those services related to harbor and waterway improvements, thereby facilitating navigation and providing safe and economical waterfront recreational development. The District is intended to promote restaurants, bars and…
Zone name
Waterfront Marina District
General category
COMMERCIAL
Zone area
82.14 ac
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
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
$12,642
Tax year 2023
Assessed value
$296,100
Assessed 2024
Previous assessed
$275,900
+7.3% YoY
Effective rate
4.27%
On assessed value
Total market value
$592,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Stories
1
Total area
587 SF
Zoning code
WM
APN
62-6200-0001-00-0
UPID
US43-4941548
Jurisdiction
BERRIEN
Zoning & alternative use
WM · New Buffalo, MIZoning WM · permitted uses
WM · New Buffalo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
WM - Waterfront Marina District. The WM - Waterfront Marina District is designed to promote commercial and recreational boating along with those services related to harbor and waterway improvements, thereby facilitating navigation and providing safe and economical waterfront recreational development. The District is intended to promote restaurants, bars and taverns, hotels, motels, and municipal parks to serve the needs of residents and visitors and provide adequate access to the City's waterfront. 4.
Zone name
Waterfront Marina District
General category
COMMERCIAL
Zone area
82.14 ac
Building & site characteristics
From public records
Stories
1
Current owner
From public records · entity-resolved
New Buggalo Township
Individual
Free & Clear · 5 yrs held
Mailing address
17425 RED ARROW HWY, NEW BUFFALO, MI 49117-9243
Ownership since
2020
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
Dec 30, 2020
$500,000
New Buggalo Township
Bill Deputy Foundation
Quit Claim 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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