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Property profile & analytics
FOR SALE
Specialty properties
80375 Main St, Memphis, MI 48041
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0117038
$199,999
80375 Main St, Memphis, MI 48041
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1946
Total area
4,232 SF
Lot
0.76 ac (33,106 SF)
Zoning code
R-1B
APN
04-03-02-179-040
UPID
US43-0117038
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
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
City Of Memphis · 1 yrs held
City Of Memphis
since 2024
Last sale
$199,999
5 recorded transactions
Zoning & alternative use
R-1B · Memphis, 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 Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis 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
$13,230
Tax year 2023
Assessed value
$225,400
Assessed 2024
Previous assessed
$225,400
+0.0% YoY
Effective rate
5.87%
On assessed value
Total market value
$450,800
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
Specialty properties
Use group
FUNERAL HOME
Status
For Sale
Year built
1946
Heating
FORCED AIR
Stories
2
Total area
4,232 SF
Lot
0.76 ac (33,106 SF)
Zoning code
R-1B
APN
04-03-02-179-040
UPID
US43-0117038
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-1B · Memphis, MI
Zoning R-1B · permitted uses
R-1B · Memphis, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
City Of Memphis
Entity
Free & Clear · 1 yrs held
Mailing address
35095 POTTER ST, MEMPHIS, MI 48041-4654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 7, 2024
$199,999
City Of Memphis
Theuts Flower Barn INC
Warranty Deed
—
Jan 25, 2021
$205,000
Theuts Flower Barn INC
Merchant Realty LLC
Warranty Deed
—
Nov 13, 2013
$355,000
Merchant Realty LLC
Bower Rose Funeral Home INC
Grant Deed
$60,000 · Square 1 Bank
Sep 20, 2013
$70,000
Michael Zajac
Kammeraad R W Liv Trust
Warranty Deed
—
—
—
Merchant Realty LLC
—
Deed Of Trust
related
$513,000 · Square 1 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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