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Property profile & analytics
OFF-MARKET
Hotels
798 Ferguson Dr, Benton Harbor, MI 49022-6402
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-3359965
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1968
Total area
57,754 SF
Lot
6.78 ac (295,337 SF)
Zoning code
D1 COMM
APN
03-0106-0012-16-0
UPID
US43-3359965
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
-
Howard Johnson by Wyndham Benton Harbor/St. Joseph Hotel & Motel
-
Americas Best Value Inn & Suites Benton Harbor Hotel & Motel
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
Cosmo Hotels INC · 14 yrs held
Cosmo Hotels INC
since 2011
6 recorded transactions
Zoning & alternative use
D1 COMM · Benton Harbor, 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 Benton Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benton Harbor 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 2023Property tax & assessments
Tax year 2023
Tax billed
$31,321
Tax year 2023
Assessed value
$1,100,900
Assessed 2024
Previous assessed
$1,073,300
+2.6% YoY
Effective rate
2.85%
On assessed value
Total market value
$2,201,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1968
Stories
5
Total area
57,754 SF
Lot
6.78 ac (295,337 SF)
Zoning code
D1 COMM
APN
03-0106-0012-16-0
UPID
US43-3359965
Jurisdiction
BERRIEN
Zoning & alternative use
D1 COMM · Benton Harbor, MI
Zoning D1 COMM · permitted uses
D1 COMM · Benton Harbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benton Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Stories
5
Lot
6.78 ac
Current owner
From public records · entity-resolved
Cosmo Hotels INC
Entity
Mailing address
407 N KALAMAZOO ST, PAW PAW, MI 49079-1127
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Cosmo Hotels INC
—
Deed
related
$400,000 · Shah Strategic Investments LLC
Feb 17, 2022
—
Cosmo Hotels INC
—
Deed
related
$4,000,000 · State Bank Of Texas
Oct 12, 2011
—
Cosmo Hotels INC
Darshan Hospitality INC
Warranty Deed
$1,530,000 · The National Republick Bank Of Chic
Jul 29, 2009
—
Darshan Hospitality INC
The National Republic Bank Of Chica
Warranty Deed
$1,807,000 · National Republic Bank Of Chicago
May 26, 2009
$1,535,198
The National Republic Bank Of Chica
M D 1 LLC
Sheriffs Deed
related
—
Jan 4, 2006
—
M D 1 LLC
Benton Harbor Hari Ohm LLC
Warranty Deed
$1,700,000 · National Republic Bank Of Chicago
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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