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Property profile & analytics
OFF-MARKET
Commercial land
8249 M 139, Berrien Springs, MI 49103-9150
Individually Owned
Free & Clear
Property ID
US43-3514719
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
38.39 ac (1,672,268 SF)
Zoning code
B
APN
15-0010-0004-09-9
UPID
US43-3514719
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
Mark S Pesavento
Mark S Pesavento
since 2026
Last sale
$264,464
6 recorded transactions
Zoning & alternative use
B · Berrien Springs, 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 Berrien Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berrien Springs 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
$5,452
Tax year 2023
Assessed value
$161,700
Assessed 2024
Previous assessed
$190,500
-15.1% YoY
Effective rate
3.37%
On assessed value
Total market value
$323,400
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Lot
38.39 ac (1,672,268 SF)
Zoning code
B
APN
15-0010-0004-09-9
UPID
US43-3514719
Jurisdiction
BERRIEN
Zoning & alternative use
B · Berrien Springs, MI
Zoning B · permitted uses
B · Berrien Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berrien Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
38.39 ac
Current owner
From public records · entity-resolved
Mark S Pesavento
Individual
Free & Clear · 0 yrs held
Mailing address
5115 NOTRE DAME AVE, STEVENSVILLE, MI 49127-9739
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2026
$200,000
Mark S Pesavento
Douglas Humes
Warranty Deed
—
Jan 27, 2026
$108,000
Advent Mission Institute INC
Douglas Humes
Warranty Deed
—
Jan 22, 2026
$222,000
Mark S Pesavento
Doug Humes
Warranty Deed
—
Jul 1, 2024
—
Edward Anderson
Edward Anderson
Warranty Deed
related
$90,000 · Greenstone Farm Credit Services Flc
Jan 17, 2019
$264,464
Edward Anderson
Sandra C Stover
Deed
$181,640 · Greenstone Farm Credit Services Flc
Jan 17, 2019
—
Sandra C Stover
Douglas B Humes
Quit Claim Deed
related
—
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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