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Property profile & analytics
OFF-MARKET
Assisted living facilities
4232 Red Arrow Hwy Stevensville, MI 49127-8308
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US43-2998846
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Total area
29,932 SF
Lot
9.18 ac (399,881 SF)
Zoning code
CMU
APN
12-0016-0036-02-6
UPID
US43-2998846
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
-
Crownpointe Senior Living Comm Retirement Community Nursing Home
-
Crown Point Assisted Living Nursing Home Retirement Community
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
Happy State Bank · 17 yrs held
Happy State Bank
since 2008
3 recorded transactions
Zoning & alternative use
CMU · Stevensville, 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 Stevensville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stevensville 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
$47,949
Tax year 2023
Assessed value
$1,075,900
Assessed 2024
Previous assessed
$1,054,000
+2.1% YoY
Effective rate
4.46%
On assessed value
Total market value
$2,151,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Stories
2
Total area
29,932 SF
Lot
9.18 ac (399,881 SF)
Zoning code
CMU
APN
12-0016-0036-02-6
UPID
US43-2998846
Jurisdiction
BERRIEN
Zoning & alternative use
CMU · Stevensville, MI
Zoning CMU · permitted uses
CMU · Stevensville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stevensville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Stories
2
Lot
9.18 ac
Current owner
From public records · entity-resolved
Happy State Bank
Entity
Mailing address
1836 S PATRIOT DR, YORKTOWN, IN 47396-9000
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2019
—
Americare Communities Michigan LLC
—
Deed
related
$300,000 · First Federal Savings Bank
Sep 19, 2017
—
Americare Communities Michigan LLC
—
Deed
related
$2,634,351 · First Federal Savings Bank
Nov 13, 2008
$2,850,000
Happy State Bank
Americare Communities Michigan LLC
Sheriffs 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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