New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Warehouses
3545 Lakeshore Dr, Saint Joseph, MI 49085-9203
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-4039948
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
148,184 SF
Lot
19.2 ac (836,352 SF)
Zoning code
I1
APN
18-0010-0004-03-3
UPID
US43-4039948
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
$2.31M
Blend (final)
Blend
$2.35M
Owner & transaction history
Hanson Systems LLC · 10 yrs held
Hanson Systems LLC
since 2016
7 recorded transactions
Zoning & alternative use
I1 · Saint Joseph, 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 Saint Joseph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Joseph 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
Tax billed
$29,920
Tax year 2023
Assessed value
$711,400
Assessed 2024
Previous assessed
$681,100
+4.4% YoY
Effective rate
4.21%
On assessed value
Total market value
$1,422,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Stories
1
Total area
148,184 SF
Lot
19.2 ac (836,352 SF)
Zoning code
I1
APN
18-0010-0004-03-3
UPID
US43-4039948
Jurisdiction
BERRIEN
Zoning & alternative use
I1 · Saint Joseph, MI
Zoning I1 · permitted uses
I1 · Saint Joseph, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Joseph. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Stories
1
Lot
19.2 ac
Current owner
From public records · entity-resolved
Hanson Systems LLC
Entity
Mailing address
9850 RED ARROW HWY, BRIDGMAN, MI 49106-9000
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2016
$2,150,000
Hanson Systems LLC
Kinney Properties IV LLC
Warranty Deed
$2,880,000 · Chemical Bank
Aug 15, 2013
—
Stein Bellet Foundation INC
Louis & Bessie Stein Foundation LLC
Quit Claim Deed
$500,000 · Chemical Bank
Feb 25, 2013
—
Louis & Bessie Stein Foundation LLC
Crown Beverage Packaging LLC
Quit Claim Deed
related
—
May 8, 2012
$40,000
Sooners LLC
Pjp/ekp LLC
Quit Claim Deed
related
—
Feb 2, 2012
$40,000
Sooners LLC
Peter S Bodenheimer
Warranty Deed
—
Jan 12, 2012
$20,000
Sooners LLC
Sharon Paul Orr
Warranty Deed
—
Apr 21, 2010
—
Sooners LLC
Erin Elizabeth Conger
Quit Claim Deed
related
—
Dec 14, 2009
—
Erin Elizabeth Conger
William Scott Martin
Quit Claim Deed
related
—
Sep 17, 2009
—
Robert Rosenberg
Robert Rosenberg
Intrafamily Transfer
related
—
Jul 20, 2009
—
Sooners LLC
Larry C Houchin
Individual Deed
—
Jun 22, 2009
—
Jane Houchin Gammill
Larry C Houchin
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.
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 3545 Lakeshore Dr?
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.
