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Property profile & analytics
OFF-MARKET
Turn key restaurants
39 Ortonville Rd, Ortonville, MI 48462-8531
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4965979
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1949
Total area
4,055 SF
Lot
4.03 ac (175,547 SF)
Zoning code
BI
APN
G -02-12-426-005
UPID
US43-4965979
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
Hmr Land LLC · 18 yrs held
Hmr Land LLC
since 2008
7 recorded transactions
Zoning & alternative use
BI · Ortonville, 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 Ortonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ortonville 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
$9,895
Tax year 2023
Assessed value
$237,760
Assessed 2024
Previous assessed
$225,290
+5.5% YoY
Effective rate
4.16%
On assessed value
Total market value
$475,520
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1949
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
4,055 SF
Lot
4.03 ac (175,547 SF)
Zoning code
BI
APN
G -02-12-426-005
UPID
US43-4965979
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Ortonville, MI
Zoning BI · permitted uses
BI · Ortonville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ortonville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
4.03 ac
Current owner
From public records · entity-resolved
Hmr Land LLC
Entity
Mailing address
10389 CHAMPIONS CIR, GRAND BLANC, MI 48439-9442
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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 24, 2008
$409,116
Hmr Land LLC
Oxford Bank
Warranty Deed
$373,613 · Oxford Bank & Trust
Jul 3, 2007
$352,059
Oxford Bank
Sheriff Of Oakland County
Trustees Deed
related
—
Oct 18, 2005
—
Jeffrey A Render
—
Trustees Deed
related
$75,750 · Harvey V Render
Jul 22, 2004
—
Oakland County Busn Fin INC
Filling Station Cafe INC
Grant Deed
related
—
Aug 14, 2000
$325,000
Jeffrey A Render
Render,harvey V & Mary F
Grant Deed
related
$254,000 · Oxford Bank
—
—
Hmr Land LLC
—
Deed Of Trust
related
$416,601 · Oxford Bank & Trust
—
—
Jeffrey A Render
—
Deed Of Trust
related
$20,000 · Oxford Bank & Trust
—
—
Jeffrey A Render
—
Deed Of Trust
related
$259,000 · Oakland County Bus Finance
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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