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Property profile & analytics
FOR SALE
Turn key restaurants
201 S Jefferson St, Hastings, MI 49058
Entity Owned
11-yr Hold
Free & Clear
Property ID
US43-4429004
For Sale
1 / 10
$899,000
201 S Jefferson St, Hastings, MI 49058
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1884
Total area
7,920 SF
Lot
0.09 ac (4,051 SF)
Zoning code
B-1
APN
08-55-201-173-00
UPID
US43-4429004
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
-
Kloosterman's Sports Tap 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
Tagg Properties LLC · 11 yrs held
Tagg Properties LLC
since 2015
5 recorded transactions
Zoning & alternative use
B-1 · Hastings, 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 Hastings submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hastings 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
$8,577
Tax year 2023
Assessed value
$134,800
Assessed 2024
Previous assessed
$134,800
+0.0% YoY
Effective rate
6.36%
On assessed value
Total market value
$269,600
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1884
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
7,920 SF
Lot
0.09 ac (4,051 SF)
Zoning code
B-1
APN
08-55-201-173-00
UPID
US43-4429004
Jurisdiction
BARRY
Zoning & alternative use
B-1 · Hastings, MI
Zoning B-1 · permitted uses
B-1 · Hastings, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hastings. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1884
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Tagg Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
202 S BROADWAY ST, HASTINGS, MI 49058-1886
Ownership since
2015
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
May 9, 2023
—
Tagg Properties LLC
—
Deed
related
$206,250 · Highpoint Community Bank
Mar 13, 2015
$159,900
Tagg Properties LLC
Union Bk
Grant Deed
—
Jun 25, 2014
—
Bk Union
J Van Aman Acquisitions LLC
Warranty Deed
related
—
Apr 28, 2008
$280,000
J Van Aman Acquisitions LLC
Winick,nathan R & Kathryn
Warranty Deed
$300,000 · Union Bank
—
—
Tagg Properties LLC
—
Deed Of Trust
related
$127,800 · Hastings Cty Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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