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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
4236 Lk St, Bridgman, MI 49106-9109
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-3429688
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
2,568 SF
Lot
0.06 ac (2,614 SF)
Zoning code
DC
APN
56-0340-0028-00-1
UPID
US43-3429688
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
-
Tapistry Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$410k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Lake Time Properties LLC · 2 yrs held
Lake Time Properties LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
DC · Bridgman, 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 Bridgman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgman 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$445,000
6.5%
$410,000
7%
$380,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jul 2 2024)
Last sale anchor
$550k
Jul 2 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
$214 / 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
$2,527
Tax year 2023
Assessed value
$86,800
Assessed 2024
Previous assessed
$83,800
+3.6% YoY
Effective rate
2.91%
On assessed value
Total market value
$173,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Stories
1
Total area
2,568 SF
Lot
0.06 ac (2,614 SF)
Zoning code
DC
APN
56-0340-0028-00-1
UPID
US43-3429688
Jurisdiction
BERRIEN
Zoning & alternative use
DC · Bridgman, MI
Zoning DC · permitted uses
DC · Bridgman, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgman. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Lake Time Properties LLC
Entity
Mailing address
4236 LK ST, BRIDGMAN, MI 49106-9109
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$550,000
Lake Time Properties LLC
Tapistry Properties LLC
Warranty Deed
$650,000 · Honor Cu
Feb 9, 2018
—
Tapistry Properties LLC
—
Deed
related
$1,170,000 · Arbor Financial Cu
Oct 28, 2016
—
Pike Family Propertles LLC
Nathan Wolf
Quit Claim Deed
related
—
Aug 20, 2014
—
Nathan Wolf
Pike Family Properties LLC
Land Contract
—
Oct 18, 2012
$43,000
Tapistry Properties LLC
Pike Family Properties LLC
Warranty Deed
$832,500 · Educational Community Cu
Oct 2, 2012
—
Pike Family Properties LLC
Gorka Adom
Deed In Lieu Of Foreclosure
related
—
Jun 22, 2010
—
Gorka Adom
Pike Family Properties LLC
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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