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Property profile & analytics
FOR SALE
Commercial real estate
560 N Hancock St Pentwater, MI 49449
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-3871201
For Sale
1 / 25
$349,900
560 N Hancock St, Pentwater, MI 49449
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.03 ac (1,350 SF)
APN
044-310-005-00
UPID
US43-3871201
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
-
The Bear Den Photography Service (Bike/Boat/Book/etc) Store
-
Storybook Village (Bike/Boat/Book/etc) Store
-
The Rusted Chandelier Clothing & Fashion Store
-
5H2O Pentwater Apparel Clothing Store
-
Homebaked by Roxann Bakery Specialty Food 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
by Request
Owner & transaction history
Phillip Irvin Frame · 2 yrs held
Phillip Irvin Frame
since 2023
Last sale
$180,000
5 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 Pentwater submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pentwater 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
$1,819
Tax year 2022
Assessed value
$45,800
Assessed 2023
Previous assessed
$45,800
+0.0% YoY
Effective rate
3.97%
On assessed value
Assessed land
$1,000
Assessed improvement
$44,800
Land market value
$2,000
Improvement market value
$89,600
Total market value
$91,600
Applied tax rate
44.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Lot
0.03 ac (1,350 SF)
APN
044-310-005-00
UPID
US43-3871201
Jurisdiction
OCEANA
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
Lot
0.03 ac
Current owner
From public records · entity-resolved
Phillip Irvin Frame
Individual
Free & Clear · 2 yrs held
Mailing address
760 E HANOVER ST, PENTWATER, MI 49449-8616
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
$180,000
Phillip Irvin Frame
The Mason Jar LLC
Warranty Deed
—
Jan 23, 2023
—
The Mason Jar
Christi Shimaitis
Quit Claim Deed
related
—
Apr 1, 2021
$140,000
Christy Shimaitis
The Glove Apparel LLC
Warranty Deed
—
Nov 19, 2018
$60,000
The Glove Apparel LLC
Five Water Enterprises LLC
Warranty Deed
$48,710 · The Huntington National Bank
Jul 25, 2012
$54,000
Five Water Enterprises LLC
Harbor View Condominiums LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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