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Property profile & analytics
OFF-MARKET
Bars & Pubs
287 Main St Coopersville, MI 49404-1232
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-2416834
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Total area
2,804 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-2
APN
70-05-23-408-022
UPID
US43-2416834
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
Merr & Co LLC · 4 yrs held
Merr & Co LLC
since 2022
Last sale
$475,000
4 recorded transactions
Zoning & alternative use
C-2 · Coopersville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Central Business District
General category
COMMERCIAL
Zone area
24.82 ac
Source
Realmo
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 Coopersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coopersville 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 2022Property tax & assessments
Tax year 2022
Tax billed
$5,434
Tax year 2022
Assessed value
$92,400
Assessed 2023
Previous assessed
$85,400
+8.2% YoY
Effective rate
5.88%
On assessed value
Total market value
$184,800
Applied tax rate
44.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,804 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-2
APN
70-05-23-408-022
UPID
US43-2416834
Jurisdiction
OTTAWA
Zoning & alternative use
C-2 · Coopersville, MIZoning C-2 · permitted uses
C-2 · Coopersville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Central Business District
General category
COMMERCIAL
Zone area
24.82 ac
Source
Realmo
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Merr & Co LLC
Entity
Mailing address
287 MAIN ST, COOPERSVILLE, MI 49404-1232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jun 10, 2022
—
Merr & Co LLC
L T Holding LLC
Land Contract
—
Jul 21, 2017
—
Doc Waldie
Nan Kristine Waldie
Intrafamily Transfer
related
$100,000 · Comerica Bank
Apr 11, 2017
$407,000
Merv&co LLC
Doc Waldie
Warranty Deed
—
Jul 12, 2006
—
Eastman Holdings LLC
Doc Waldie
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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