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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Drive through restaurants
383 Broadway St, Lake Orion, MI 48362-2740
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0079990
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2000
Total area
2,824 SF
Lot
0.66 ac (28,750 SF)
Zoning code
BI
APN
OL-09-11-278-036
UPID
US43-0079990
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
-
KFC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$610k
Owner & transaction history
Koo,choon & Moon Trust · 6 yrs held
Koo,choon & Moon Trust
since 2019
7 recorded transactions
Zoning & alternative use
BI · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$495,000
+1.8%
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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion 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
Alternative Use
Use
Estimation
RESTAURANT
$490,000
Current use
COMMERCIAL (GENERAL)
$495,000
Change: +2% · Conversion: Easy
RETAIL STORES
$475,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$445,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$216 / 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
$18,876
Tax year 2023
Assessed value
$406,270
Assessed 2024
Previous assessed
$395,650
+2.7% YoY
Effective rate
4.65%
On assessed value
Total market value
$812,540
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,824 SF
Lot
0.66 ac (28,750 SF)
Zoning code
BI
APN
OL-09-11-278-036
UPID
US43-0079990
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Lake Orion, MI
Zoning BI · permitted uses
BI · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Orion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$495,000
RETAIL STORES
Est. value
$475,000
MEDICAL BUILDING
Est. value
$445,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Koo,choon & Moon Trust
Trust
Free & Clear · 6 yrs held
Mailing address
3762 S MAIN ST, CORONA, CA 92882-6300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Oct 16, 2019
$1,518,000
Koo,choon & Moon Trust
Sbkfc Holdings LLC
Warranty Deed
—
Aug 1, 2019
—
Sbkfc Holdings LLC
—
Deed
related
$47,100,000 · Wells Fargo Bk
May 26, 2006
—
Sbkfc Holdings LLC
Slc 2 Kfcsb LLC
Special Warranty Deed
$70,000,000 · Wells Fargo Bank NA
Jan 5, 2006
—
Cs2kfc LLC
Cherry Steele LLC
Grant Deed
—
Feb 1, 2005
$1,331,702
Slc 2 Kfcsb LLC
Ge Capital Franchise Fin Corp
Grant Deed
—
Nov 5, 2003
$1,360,000
Ge Capital Franchise Finance
Kfc Us Properties INC
Grant Deed
related
—
Oct 7, 2003
—
Kfc Us Properties INC
Kfc Corp
Quit Claim Deed
related
—
—
—
Sbkfc Holdings LLC
—
Loan Modification
related
$47,100,000 · Wells Fargo 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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