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Property profile & analytics
OFF-MARKET
Bars & Pubs
412 State St, Saint Joseph, MI 49085-1250
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-2923617
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Total area
4,662 SF
Lot
0.07 ac (2,919 SF)
Zoning code
D
APN
76-0340-0142-00-6
UPID
US43-2923617
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
412 State LLC · 9 yrs held
412 State LLC
since 2017
7 recorded transactions
Zoning & alternative use
D · Saint Joseph, 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 Saint Joseph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Joseph 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
$8,318
Tax year 2023
Assessed value
$204,900
Assessed 2024
Previous assessed
$191,500
+7.0% YoY
Effective rate
4.06%
On assessed value
Total market value
$409,800
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Stories
2
Total area
4,662 SF
Lot
0.07 ac (2,919 SF)
Zoning code
D
APN
76-0340-0142-00-6
UPID
US43-2923617
Jurisdiction
BERRIEN
Zoning & alternative use
D · Saint Joseph, MI
Zoning D · permitted uses
D · Saint Joseph, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Joseph. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
412 State LLC
Entity
Mailing address
412 STATE ST, SAINT JOSEPH, MI 49085-1250
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2017
—
412 State LLC
Kennedy Reese Investments LLC
Quit Claim Deed
related
$468,000 · Chemical Bank
Jun 9, 2016
—
Kennedy Reese Investments LLC
—
Deed
related
$220,000 · Chemcel FCU
Jan 10, 2012
$387,000
Kennedy Reese Investments LLC
Chemical Bank
Warranty Deed
$275,000 · Chemical Bank
May 23, 2011
$430,000
Chemical Bank
Konaar Properties LLC
Sheriffs Deed
related
—
Oct 26, 2007
$350,000
Konaar Properties LLC
Jayanti Patel
Warranty Deed
$420,000 · Chemical Bank
Oct 26, 2007
$200,000
Jayanti Patel
Robert P Demkovich
Warranty Deed
—
May 30, 2007
—
Konaar Properties LLC
Jayanti Patel
Land Contract
—
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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