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Property profile & analytics
OFF-MARKET
Turn key restaurants
303 Nepessing St Lapeer, MI 48446-2105
Entity Owned
10-yr Hold
Free & Clear
Property ID
US43-4335240
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1895
Total area
3,280 SF
Lot
0.04 ac (1,612 SF)
Zoning code
CBD1 CEN BUS
APN
L20-01-600-040-00
UPID
US43-4335240
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
Four Seasons Acquisitions LLC · 10 yrs held
Four Seasons Acquisitions LLC
since 2015
5 recorded transactions
Zoning & alternative use
CBD1 CEN BUS · Lapeer, 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 Lapeer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lapeer 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
$6,134
Tax year 2023
Assessed value
$169,000
Assessed 2024
Previous assessed
$135,800
+24.4% YoY
Effective rate
3.63%
On assessed value
Total market value
$338,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1895
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
3,280 SF
Lot
0.04 ac (1,612 SF)
Zoning code
CBD1 CEN BUS
APN
L20-01-600-040-00
UPID
US43-4335240
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD1 CEN BUS · Lapeer, MI
Zoning CBD1 CEN BUS · permitted uses
CBD1 CEN BUS · Lapeer, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lapeer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1895
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Four Seasons Acquisitions LLC
Entity
Free & Clear · 10 yrs held
Mailing address
303 W NEPESSING ST, LAPEER, MI 48446-2105
Mailing matches property
Yes
Owner-occupied
Yes
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
Feb 3, 2020
—
Four Seasons Acquisitions LLC
—
Deed
related
$100,000 · Chemical Bk
Aug 13, 2015
$47,000
Four Seasons Acquisitions LLC
Skill-craft Construction LLC
Warranty Deed
—
Apr 15, 2014
$70,000
Skill-craft Construction LLC
Talmer Bk
Grant Deed
—
Jun 7, 2012
$99,900
Talmer Bk & Trust
Deputy Sheriff Of Lapeer County
Trustees Deed
related
—
—
—
Four Seasons Acquisitions LLC
—
Deed Of Trust
related
$100,000 · Chemical 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.
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