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Property profile & analytics
OFF-MARKET
Estimated value
$200,000
Hotels
515 Williams St 37 South Haven, MI 49090-2513
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-2066715
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Total area
500 SF
Lot
0.01 ac (523 SF)
Zoning code
B-3
APN
80-53-775-006-80
UPID
US43-2066715
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
-
South Haven Brewpub Bar & Pub Restaurant
-
Idler Riverboat & Dockside Restaurant
-
LibertyX Bitcoin ATM Atm
-
Junebugs Clothing & Fashion Store
-
BIGGBY COFFEE Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$200k
Owner & transaction history
Steven John Harthom · 2 yrs held
Steven John Harthom
since 2023
Last sale
$185,000
3 recorded transactions
Zoning & alternative use
B-3 · South Haven, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Waterfront Business
General category
COMMERCIAL
Zone area
158.89 ac
Source
Realmo
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 South Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
Method
Estimation
Statistic approach
$200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$200k
Range $180k – $220k · ±10% · vs last sale $185k (Oct 18 2023)
Last sale anchor
$185k
Oct 18 2023
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
$400 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$3,378
Tax year 2020
Assessed value
$88,700
Assessed 2023
Previous assessed
$88,700
+0.0% YoY
Effective rate
3.81%
On assessed value
Total market value
$177,400
Applied tax rate
80,530.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Total area
500 SF
Lot
0.01 ac (523 SF)
Zoning code
B-3
APN
80-53-775-006-80
UPID
US43-2066715
Jurisdiction
VAN BUREN
Zoning & alternative use
B-3 · South Haven, MIZoning B-3 · permitted uses
B-3 · South Haven, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Waterfront Business
General category
COMMERCIAL
Zone area
158.89 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Steven John Harthom
Individual
Free & Clear · 2 yrs held
Mailing address
3035 BELLE CHASE BLVD, KALAMAZOO, MI 49009-7987
Ownership since
2023
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
Oct 18, 2023
—
Steven John Harthom
Steven Harthom
Intrafamily Transfer
related
—
Jan 7, 2022
$185,000
Steven Harthorn
Chicago Avenue LLC
Warranty Deed
$148,000 · Oak Mortgage LLC
May 11, 2005
$164,400
Ronald B Wiser
Basic Enterprises 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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