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Property profile & analytics
FOR SALE
Turn key restaurants
57721 Grand River Ave, New Hudson, MI 48165
Entity Owned
~
Est. High Equity
Property ID
US43-0285892
For Sale
1 / 2
$1,500,000
57721 Grand River Ave, New Hudson, MI 48165
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Total area
3,402 SF
Lot
1.2 ac (52,272 SF)
Zoning code
BI
APN
K -21-04-251-006
UPID
US43-0285892
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
-
Draught Horse Brewery Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$630k
Owner & transaction history
Tasty Brands LLC
Tasty Brands LLC
since 2026
7 recorded transactions
Zoning & alternative use
BI · New Hudson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$600,000
+1.8%
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 New Hudson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hudson 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
RESTAURANT
$590,000
Current use
COMMERCIAL (GENERAL)
$600,000
Change: +2% · Conversion: Easy
RETAIL STORES
$575,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$535,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$185 / 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
$17,571
Tax year 2023
Assessed value
$394,160
Assessed 2024
Previous assessed
$390,800
+0.9% YoY
Effective rate
4.46%
On assessed value
Total market value
$788,320
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2002
Heating
BASEBOARD
Cooling
YES
Stories
1
Units
1
Total area
3,402 SF
Lot
1.2 ac (52,272 SF)
Zoning code
BI
APN
K -21-04-251-006
UPID
US43-0285892
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · New Hudson, MI
Zoning BI · permitted uses
BI · New Hudson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hudson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$600,000
RETAIL STORES
Est. value
$575,000
MEDICAL BUILDING
Est. value
$535,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
2002
Heating
BASEBOARD
Cooling
Yes
Stories
1
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Tasty Brands LLC
Entity
Mailing address
57721 GRAND RIV AVE, NEW HUDSON, MI 48165-8542
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
—
Tasty Brands LLC
—
Deed
related
$191,601 · Oxford Bank
Jan 21, 2026
—
Tasty Brands LLC
Charles D Bullock
Deed
$475,500 · Oxford Bank
Oct 12, 2023
—
Draught Horse Real Estate Holdings
—
Deed
related
$500,000 · Lafcu
Oct 6, 2023
—
Draught Horse Real Estate Holdings
—
Deed
related
$270,000 · Lafcu
Jul 22, 2022
—
Draught Horse Real Estate Holdings
Elh INC
Correction Deed
related
—
Jun 25, 2019
$490,000
Draught Horse Real Estate Holdings
Elh INC
Warranty Deed
—
Jun 13, 2013
$230,000
Elh INC
Oakland Cnty Bus Fin
Quit Claim Deed
related
—
Feb 24, 2012
$340,308
Business Fin Corp
Sheriff Of Oakland County
Trustees Deed
related
—
May 22, 2001
—
Sas Dining INC
Salvati,dawn M
Quit Claim Deed
related
—
Dec 20, 2000
—
Dawn M Salvati
Potts,carol J
Quit Claim Deed
related
—
Aug 1, 2000
—
Dawn M Salvati
Potts,robert S
Quit Claim Deed
related
—
—
—
Sas Dining INC
—
Deed Of Trust
related
$250,000 · Bank One Michigan
—
—
Sas Dining INC
—
Deed Of Trust
related
$599,280 · Daniel Peyerk
—
—
Sas Dining INC
—
Deed Of Trust
related
$260,000 · Oakland County Business Financ
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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