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Property profile & analytics
OFF-MARKET
Estimated value
$4,245,000
Turn key restaurants
4353 Franklin St Michigan City, IN 46360-7806
Entity Owned
~
Est. High Equity
Property ID
US31-1307700
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
6,006 SF
Lot
1.4 ac (60,984 SF)
APN
46-05-08-276-015.000-009
UPID
US31-1307700
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
-
Red Lobster Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.25M
Owner & transaction history
Dahm No 90 LLC
Dahm No 90 LLC
since 2026
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
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 Michigan City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Michigan City 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
$4,805,000
ML approach
$4,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.25M
Range $3.82M – $4.67M · ±10% · vs last sale $4.15M (May 26 2020)
Last sale anchor
$4.15M
May 26 2020
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
$707 / 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
$22,920
Tax year 2023
Assessed value
$762,800
Assessed 2023
Previous assessed
$762,800
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$490,000
Assessed improvement
$272,800
Land market value
$490,000
Improvement market value
$272,800
Total market value
$762,800
Applied tax rate
9.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
6,006 SF
Lot
1.4 ac (60,984 SF)
APN
46-05-08-276-015.000-009
UPID
US31-1307700
Jurisdiction
LA PORTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Dahm No 90 LLC
Entity
Mailing address
PO BOX 6467, ORLANDO, FL 32802-6467
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
$3,500,000
Dahm No 90 LLC
Big Red LLC
Warranty Deed
—
Mar 25, 2026
—
Dahm No 90 LLC
Big Red LLC
Warranty Deed
—
May 26, 2020
—
Bryan W Fairfield
Thanks Dad LLC
Quit Claim Deed
related
—
Sep 22, 2017
—
Bryan W Fairfield
—
Deed
related
$3,400,000 · Purdue Federal Cu
Mar 30, 2017
$4,150,000
Thanks Dad LLC
Arcp Rl Portfolio III LLC
Special Warranty Deed
—
Sep 5, 2014
—
Arcp Rl Portfolio III LLC
Gmri INC
Warranty Deed
—
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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