New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,205,000
Bed & breakfasts
227 Griffith St, Saugatuck, MI 49453-8603
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-4993059
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1860
Total area
3,659 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CR-COMM RES R-1
APN
57-300-127-00
UPID
US43-4993059
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
-
Twin Oaks Inn Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.21M
Owner & transaction history
Misterface LLC · 7 yrs held
Misterface LLC
since 2019
3 recorded transactions
Zoning & alternative use
CR-COMM RES R-1 · Saugatuck, 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 Saugatuck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugatuck 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
$876 / 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
Assessed value
$496,500
Assessed 2024
Previous assessed
$418,000
+18.8% YoY
Assessed land
$210,400
Assessed improvement
$286,100
Land market value
$420,800
Improvement market value
$572,200
Total market value
$993,000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1860
Heating
FORCED AIR
Buildings
1
Stories
2
Bathrooms
16
Total area
3,659 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CR-COMM RES R-1
APN
57-300-127-00
UPID
US43-4993059
Jurisdiction
ALLEGAN
Zoning & alternative use
CR-COMM RES R-1 · Saugatuck, MI
Zoning CR-COMM RES R-1 · permitted uses
CR-COMM RES R-1 · Saugatuck, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugatuck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1860
Heating
FORCED AIR
Stories
2
Buildings
1
Bathrooms
16
Lot
0.5 ac
Current owner
From public records · entity-resolved
Misterface LLC
Entity
Mailing address
PO BOX 277, SAUGATUCK, MI 49453-0277
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2019
$775,000
Misterface LLC
Sherry Forbes
Warranty Deed
—
Jun 5, 2015
—
Sherry Forbes
Sher Lis LLC
Warranty Deed
—
Oct 7, 2013
$520,000
Sher Lis LLC
Willa Lemken
Warranty Deed
$390,000 · Chemical Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 227 Griffith St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
