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Property profile & analytics
OFF-MARKET
Turn key restaurants
304 Mcneil St, Corunna, MI 48817-1714
Individually Owned
1-yr Hold
Free & Clear
Property ID
US43-2380466
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Total area
540 SF
Lot
0.36 ac (15,594 SF)
Zoning code
RA
APN
026-28-004-004-02
UPID
US43-2380466
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
-
Supercone 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
by Request
Owner & transaction history
Christy Chapman · 1 yrs held
Christy Chapman
since 2025
7 recorded transactions
Zoning & alternative use
RA · Corunna, 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 Corunna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corunna 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,209
Tax year 2024
Assessed value
$53,100
Assessed 2024
Previous assessed
$55,100
-3.6% YoY
Effective rate
6.04%
On assessed value
Total market value
$106,200
Applied tax rate
26.0000
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
1970
Heating
NONE
Stories
1
Total area
540 SF
Lot
0.36 ac (15,594 SF)
Zoning code
RA
APN
026-28-004-004-02
UPID
US43-2380466
Jurisdiction
SHIAWASSEE
Zoning & alternative use
RA · Corunna, MI
Zoning RA · permitted uses
RA · Corunna, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corunna. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Christy Chapman
Individual
Free & Clear · 1 yrs held
Mailing address
2665 LYONS RD, OWOSSO, MI 48867-9132
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Christy Chapman
Jason Yerian
Deed
—
Mar 9, 2020
$90,000
Jason Yerian
Harvey Wheeler
Warranty Deed
—
Mar 6, 2020
—
Harvey T Wheeler
Jeffrey Rhyndress
Quit Claim Deed
related
—
Dec 11, 2015
—
Jeffrey Rhyndress
Wheeler,harvey T & Melissa J
Grant Deed
related
—
Dec 14, 2011
$90,000
Harvey Wheeler
Bendall,phillip D & Rachelle R
Warranty Deed
related
—
Jun 10, 2008
$100,000
Phillip D Bendall
Runyan,william H JR & Nancy J
Warranty Deed
$40,000 · Chemical Bank
May 5, 2008
$35,000
William H Runyan JR.
Kinney,norma J
Warranty Deed
—
Oct 17, 2007
—
William H Runyan JR.
Lazar,s David & Margaret A
Quit Claim Deed
related
—
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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