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Property profile & analytics
OFF-MARKET
Turn key restaurants
3661 Mitchell Rd Lapeer, MI 48446-9349
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-4367077
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Total area
5,324 SF
Lot
0.27 ac (11,805 SF)
Zoning code
C1
APN
008-480-007-00
UPID
US43-4367077
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
United States Small Business Admin · 4 yrs held
United States Small Business Admin
since 2022
7 recorded transactions
Zoning & alternative use
C1 · 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
$6,465
Tax year 2023
Assessed value
$235,900
Assessed 2024
Previous assessed
$228,700
+3.1% YoY
Effective rate
2.74%
On assessed value
Total market value
$471,800
Applied tax rate
8.0000
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
1930
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
5,324 SF
Lot
0.27 ac (11,805 SF)
Zoning code
C1
APN
008-480-007-00
UPID
US43-4367077
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C1 · Lapeer, MI
Zoning C1 · permitted uses
C1 · 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
1930
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
United States Small Business Admin
Individual
Mailing address
3661 MITCHELL RD, LAPEER, MI 48446-9349
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
—
United States Small Business Admin
Michibgan Cerieied Development Corp
Assignment Of Lease (leasehold Sale)
—
Mar 21, 2022
—
Michigan Certified Development Corp
Arctic One Enterprises LLC
Assignment Of Lease (leasehold Sale)
—
Jun 22, 2015
$225,000
Arctic One Holdings LLC
Whiskey Delta Invs LLC
Warranty Deed
related
$1,037,000 · Huntington Nat'l Bk
Jul 26, 2012
—
Arctic One Holdings LLC
Whiskey Delta Investments LLC
Grant Deed
related
—
Apr 3, 2012
—
Whiskey Delta Investments LLC
Mullins,larry & Penny
Quit Claim Deed
related
$258,000 · Lapeer County Bank & Trust Co
Sep 13, 2011
—
Whiskey Delta Investments LLC
Mullins,larry
Quit Claim Deed
related
—
May 12, 2011
$580,920
Larry Mullins
Sheriff Of Lapeer County
Trustees Deed
related
—
May 15, 2007
—
Hueys Lake Inn INC
Huestls,terry F & Margaret M
Quit Claim Deed
related
—
—
—
Arctic One Holdings LLC
—
Deed Of Trust
related
$1,388,204 · Tri Cnty Bk
—
—
Robert D Rice
—
Deed Of Trust
related
$90,000 · Cason Hm Lns
—
—
Arctic Holdings LLC
—
Deed Of Trust
related
$1,078,300 · Huntington Nat'l 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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