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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Individual retail properties
410 Phoenix St South Haven, MI 49090-1310
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-2236479
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1896
Total area
4,579 SF
Lot
0.07 ac (3,136 SF)
Zoning code
CBD
APN
80-53-001-006-50
UPID
US43-2236479
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
-
Urban Studio Salon and Spa Hair Salon Nail Salon
-
Coastal Blue Clothing Store
-
Kerry Mark Salon & Day Spa Alternative Medicine Practice Spa & Massage Center
-
MMP Products Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Mm Hospitality LLC · 2 yrs held
Mm Hospitality LLC
since 2024
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
CBD · South Haven, 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 South Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Haven 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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$645,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Jan 19 2024)
Last sale anchor
$850k
Jan 19 2024
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
$186 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$10,845
Tax year 2020
Assessed value
$158,300
Assessed 2023
Previous assessed
$158,300
+0.0% YoY
Effective rate
6.85%
On assessed value
Total market value
$316,600
Applied tax rate
80,530.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1896
Heating
NONE
Stories
2
Total area
4,579 SF
Lot
0.07 ac (3,136 SF)
Zoning code
CBD
APN
80-53-001-006-50
UPID
US43-2236479
Jurisdiction
VAN BUREN
Zoning & alternative use
CBD · South Haven, MI
Zoning CBD · permitted uses
CBD · South Haven, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$645,000
RETAIL STORES
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
1896
Heating
NONE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Mm Hospitality LLC
Entity
Mailing address
1014 S BEACON BIVD #1, SOUTH HAVEN, MI 49090
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
$365,000
Mm Hospitality LLC
Paradigm Investments LLC
Warranty Deed
$805,000 · The Huntington National Bank
Jan 19, 2024
$850,000
Beach Town LLC
Mm Hospitality LLC
Warranty Deed
—
Oct 27, 2023
—
Mm Hospitality LLC
Pankaj Trambaklal Mehta
Quit Claim Deed
related
—
Oct 3, 2023
$1,000
Pankaj Trambaklal
Mm Hospitality LLC
Quit Claim Deed
related
—
Sep 26, 2018
$267,000
Paradigm Investments LLC
Van Buren County Treasurer
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.
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