New search
Property profile & analytics
OFF-MARKET
Retail space
517 Phoenix St, South Haven, MI 49090-1408
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0080406
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1898
Total area
5,940 SF
Lot
0.07 ac (2,919 SF)
Zoning code
CBD
APN
80-53-770-008-20
UPID
US43-0080406
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
-
Janny's Beach House Clothing Store
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
Ot Real Estate LLC · 1 yrs held
Ot Real Estate LLC
since 2025
Last sale
$367,260
5 recorded transactions
Zoning & alternative use
CBD · South Haven, 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 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
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 2020Property tax & assessments
Tax year 2020
Tax billed
$9,655
Tax year 2020
Assessed value
$165,900
Assessed 2023
Previous assessed
$148,100
+12.0% YoY
Effective rate
5.82%
On assessed value
Total market value
$331,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1898
Heating
NONE
Stories
3
Total area
5,940 SF
Lot
0.07 ac (2,919 SF)
Zoning code
CBD
APN
80-53-770-008-20
UPID
US43-0080406
Jurisdiction
VAN BUREN
Zoning & alternative use
CBD · South Haven, MI
Zoning CBD · permitted uses
CBD · South Haven, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Haven. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1898
Heating
NONE
Stories
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Ot Real Estate LLC
Entity
Mailing address
7029 SILVERHAWK DR, SOUTH HAVEN, MI 49090-8605
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Ot Real Estate LLC
—
Deed
related
$425,000 · Sturgis Bank & Trust Co
Jan 28, 2025
$367,260
Ot Real Estate LLC
Loafman & Olds LLC
Warranty Deed
—
Mar 30, 2022
—
Loafman & Olds LLC
Haglund Properties LLC
Warranty Deed
$337,500 · Sturgis Bank & Trust Co
Nov 1, 2021
—
Haglund Properties LLC
—
Deed
related
$278,000 · Sturgis Bank & Trust Co
Jul 26, 2006
$275,000
Haglund Properties LLC
Eugene A Cisco JR
Warranty Deed
$275,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 517 Phoenix St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
