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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Bed & breakfasts
888 Holland St, Saugatuck, MI 49453-9607
Entity Owned
~
Est. High Equity
Property ID
US43-1944466
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1857
Total area
4,614 SF
Lot
0.19 ac (8,364 SF)
Zoning code
NHM
APN
57-100-016-00
UPID
US43-1944466
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
-
Park House Inn B & B Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.98M
Owner & transaction history
Sultana Hotels LLC
Sultana Hotels LLC
since 2025
4 recorded transactions
Zoning & alternative use
NHM · Saugatuck, 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 Saugatuck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugatuck 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
$862 / 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
Assessed value
$321,600
Assessed 2024
Previous assessed
$315,400
+2.0% YoY
Assessed land
$28,800
Assessed improvement
$292,800
Land market value
$57,600
Improvement market value
$585,600
Total market value
$643,200
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1857
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Bathrooms
11
Total area
4,614 SF
Lot
0.19 ac (8,364 SF)
Zoning code
NHM
APN
57-100-016-00
UPID
US43-1944466
Jurisdiction
ALLEGAN
Zoning & alternative use
NHM · Saugatuck, MI
Zoning NHM · permitted uses
NHM · Saugatuck, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugatuck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1857
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
11
Lot
0.19 ac
Current owner
From public records · entity-resolved
Sultana Hotels LLC
Entity
Mailing address
PO BOX 2397, HOLLAND, MI 49422-2397
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Sultana Hotels LLC
Malsum LLC
Warranty Deed
$880,000 · Honor Cu
Nov 17, 2025
—
Sultana Hotels L L C
—
Deed
related
$880,000 · Honor Cu
Dec 12, 2019
$575,000
Malsum LLC
Trudell & Rossi INC
Warranty Deed
$431,250 · The Huntington National Bank
Jun 30, 2005
$802,000
Trudell & Rossi INC
Joseph B Petty
Warranty Deed
$550,000 · Macatawa 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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