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Property profile & analytics
OFF-MARKET
Estimated value
$11,075,000
Grocery and convenience stores
5019 Red Arrow Hwy, Stevensville, MI 49127-1013
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-3142813
Property summary
AI-generated overview
This exceptional 771-square-foot retail space offers a prime, high-traffic location within a busy Meijer store in Berrien County. Benefit from unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance, and utilities, simplifying your operational costs. Strategically positioned for maximum customer interaction, this "store-within-a-store" concept provides excellent branding opportunities with both interior and exterior signage. Located in a thriving trade area with a desirable customer base, this space is ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is part of a larger network of similar spaces available in multiple Meijer locations across the Midwest. This turnkey solution offers significant advantages for businesses seeking high foot traffic and immediate exposure in a well-established retail environment. The space is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2010
Total area
195,253 SF
Lot
25.72 ac (1,120,363 SF)
Zoning code
HC
APN
12-0021-0001-10-0
UPID
US43-3142813
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
-
Great Clips Hair Salon
-
Meijer Pharmacy Pharmacy
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Meijer Specialty Food Shop Supermarket
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.08M
Blend (final)
Blend
$11.08M
Owner & transaction history
GOOD WILL CO INC
GOOD WILL CO INC
Zoning & alternative use
HC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,145,000
Current use
AUTO REPAIR, GARAGE
$12,160,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$11.08M
Range $9.97M – $12.18M · ±10%
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
$57 / 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
$191,509
Tax year 2023
Assessed value
$4,325,400
Assessed 2024
Previous assessed
$4,212,300
+2.7% YoY
Effective rate
4.43%
On assessed value
Total market value
$8,650,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2010
Stories
1
Total area
195,253 SF
Lot
25.72 ac (1,120,363 SF)
Zoning code
HC
APN
12-0021-0001-10-0
UPID
US43-3142813
Jurisdiction
BERRIEN
Zoning & alternative use
HC · Stevensville, MI
Zoning HC · permitted uses
HC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.1M
AUTO REPAIR, GARAGE
Est. value
$12.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Stories
1
Lot
25.72 ac
Current owner
From public records · entity-resolved
GOOD WILL CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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