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Property profile & analytics
OFF-MARKET
Retail space
200 Gremps St Paw Paw, MI 49079-1510
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-2219260
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
6,000 SF
Lot
0.4 ac (17,424 SF)
Zoning code
VILLAGE
APN
80-47-152-018-00
UPID
US43-2219260
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
-
Klassic Arcade 3.0 Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
Behrens Custom Cabinetry General Contractor
-
Behrens Custom Cabinetry, LLC General Contractor Renovation Specialist
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
Keith M Behrens · 5 yrs held
Keith M Behrens
since 2021
Last sale
$130,000
4 recorded transactions
Zoning & alternative use
VILLAGE · Paw Paw, 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 Paw Paw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paw Paw 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 2020Property tax & assessments
Tax year 2020
Tax billed
$2,741
Tax year 2020
Assessed value
$66,400
Assessed 2023
Previous assessed
$60,800
+9.2% YoY
Effective rate
4.13%
On assessed value
Total market value
$132,800
Applied tax rate
80,470.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.4 ac (17,424 SF)
Zoning code
VILLAGE
APN
80-47-152-018-00
UPID
US43-2219260
Jurisdiction
VAN BUREN
Zoning & alternative use
VILLAGE · Paw Paw, MI
Zoning VILLAGE · permitted uses
VILLAGE · Paw Paw, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paw Paw. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Keith M Behrens
Individual
Mailing address
22692 27TH 12TH ST, GOBLES, MI 49055-9201
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$96,150
Keith M Behrens
Timothy J Mihelich
Warranty Deed
—
Jan 4, 2021
$130,000
Kevin Ketchum
Keith M Behrens
Warranty Deed
—
Dec 7, 2015
—
Keith Behrens
Timothy J Mihelich
Land Contract
—
Feb 8, 2012
$40,000
Jack H Mihelich
Abraham Wechter
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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