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Property profile & analytics
OFF-MARKET
Auto shops
5 Beechtree St, Grand Haven, MI 49417-1603
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1917538
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Total area
3,120 SF
Lot
0.17 ac (7,405 SF)
APN
70-03-21-481-026
UPID
US43-1917538
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
-
Beecham Builders, LLC Construction Company General Contractor
-
Beecham Outdoor Living General Contractor
-
Michigan Dixie Chopper General Contractor Hardware & Home Improvement
-
Animal Management Pros Animal Shelter Pet Adoption Service
-
Commercial Lawn Site Landscaping
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
Optima Holding LLC · 4 yrs held
Optima Holding LLC
since 2021
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 Grand Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand 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
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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,362
Tax year 2022
Assessed value
$111,000
Assessed 2023
Previous assessed
$60,800
+82.6% YoY
Effective rate
3.03%
On assessed value
Total market value
$222,000
Applied tax rate
58.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
3,120 SF
Lot
0.17 ac (7,405 SF)
APN
70-03-21-481-026
UPID
US43-1917538
Jurisdiction
OTTAWA
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
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Optima Holding LLC
Entity
Mailing address
5 S BEECHTREE ST, GRAND HAVEN, MI 49417-1603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Aug 9, 2021
—
Optima Holding LLC
Peter S Karachy
Warranty Deed
$193,600 · Choiceone Bank
Jan 10, 2012
—
Farouk S Karachy
Coastal Real Estate Holsings IV LLC
Warranty Deed
—
Oct 14, 2011
—
Coastal Real Estate Holdings IV LLC
Macatawa Bank
Quit Claim Deed
related
—
Apr 19, 2011
$149,567
Macatawa Bank
R & L Lakeshore Properties LLC
Sheriffs Deed
related
—
May 18, 2009
—
R & L Holdings Co LLC
R & L Lakeshore Properties LLC
Quit Claim Deed
related
—
May 5, 2008
—
R & L Lakeshore Properties LLC
William W Thorpe
Warranty Deed
$136,000 · Macatawa Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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