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Property profile & analytics
OFF-MARKET
Commercial real estate
380 Franklin Park Harbor Springs, MI 49740-8669
Entity Owned
Free & Clear
Property ID
US43-4030352
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
4,068 SF
Lot
0.44 ac (19,166 SF)
Zoning code
WTT I-1
APN
16-15-12-332-008
UPID
US43-4030352
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
Phoenix Holding Group LLC
Phoenix Holding Group LLC
since 2026
Last sale
$24,300
6 recorded transactions
Zoning & alternative use
WTT I-1 · Harbor Springs, 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 Harbor Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harbor Springs 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
Property tax & assessments
Assessed value
$121,300
Assessed 2023
Previous assessed
$122,300
-0.8% YoY
Assessed land
$22,500
Assessed improvement
$98,800
Land market value
$45,000
Improvement market value
$197,600
Total market value
$242,600
Applied tax rate
16.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Stories
1
Units
1
Total area
4,068 SF
Lot
0.44 ac (19,166 SF)
Zoning code
WTT I-1
APN
16-15-12-332-008
UPID
US43-4030352
Jurisdiction
EMMET
Zoning & alternative use
WTT I-1 · Harbor Springs, MI
Zoning WTT I-1 · permitted uses
WTT I-1 · Harbor Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harbor Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Stories
1
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Phoenix Holding Group LLC
Entity
Free & Clear · 0 yrs held
Mailing address
380 FRANKLIN PARK, HARBOR SPRINGS, MI 49740-8669
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2026
$5,523
Phoenix Holding Group LLC
Emmet County Treasurer
Deed
related
—
Mar 3, 2026
$5,523
Emmet County Treasurer
Phoenix Holding Group LLC
Deed
related
—
Jun 20, 2025
$6,155
Phoenix Holding Group LLC
Emmet County Treasurer
Deed
related
—
Mar 4, 2025
$5,949
Emmet County Treasurer
Phoenix Holding Group LLC
Deed
related
—
Dec 6, 2022
—
Phoenix Holding Group LLC
—
Deed
related
$500,000 · Honor Bank
Jul 11, 2011
$24,300
Phoenix Holding Group LLC
Olson Haan Limited Partnership
Quit Claim Deed
related
$280,000 · Fifth Third Bank
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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