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Property profile & analytics
OFF-MARKET
Bars & Pubs
219 Brg St, Grand Ledge, MI 48837-1630
Trust Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2011338
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1880
Total area
5,272 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CBD
APN
400 000 616 060 00
UPID
US43-2011338
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
-
Arms & Embers Grill Restaurant
-
Homebrew Tabletop Game Lounge Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
GT Revitalized Facial Aesthetics Spa & Massage Center Alternative Medicine Practice
-
Salon 219 Hair Salon
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
Timothy Booth Revocable Trust · 3 yrs held
Timothy Booth Revocable Trust
since 2023
7 recorded transactions
Zoning & alternative use
CBD · Grand Ledge, 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 Grand Ledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Ledge 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
$12,981
Tax year 2023
Assessed value
$98,400
Assessed 2024
Previous assessed
$97,400
+1.0% YoY
Effective rate
13.19%
On assessed value
Total market value
$196,800
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1880
Heating
FORCED AIR
Stories
2
Total area
5,272 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CBD
APN
400 000 616 060 00
UPID
US43-2011338
Jurisdiction
EATON
Zoning & alternative use
CBD · Grand Ledge, MI
Zoning CBD · permitted uses
CBD · Grand Ledge, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Ledge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1880
Heating
FORCED AIR
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Timothy Booth Revocable Trust
Trust
Mailing address
13150 LAWSON RD, GRAND LEDGE, MI 48837-9649
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2023
—
Timothy Booth Revocable Trust
Roosters Raging Rentals LLC
Warranty Deed
$300,000 · The Dart Bank
Oct 4, 2022
$200,000
Roosters Raging Rentals LLC
Bridge & Main Properties LLC
Warranty Deed
—
Feb 12, 2020
—
Bridge & Main Properties LLC
My Enterprises INC
Quit Claim Deed
related
—
Nov 5, 2019
—
Bridge & Main Properties LLC
Keri Lee Young
Quit Claim Deed
related
—
Sep 18, 2019
$140,000
My Enterprises INC
Jmm Enterprises INC
Warranty Deed
—
Sep 18, 2019
—
Keri Young
Andrea Meckstroth
Intrafamily Transfer
related
—
Jan 8, 2015
—
Jmm Enterprises INC
Johnson Enterprizes LLC
Quit Claim Deed
related
—
Nov 6, 2013
—
Johnson Enterprizes LLC
Jmm Enterprises INC
Contract Sale
—
Sep 18, 2009
—
J & K Church INC
Jmm Enterprises INC
Land Contract
—
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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