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Property profile & analytics
OFF-MARKET
Estimated value
$295,000
Turn key restaurants
8927 Dixie Hwy Ira, MI 48023-2407
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4512718
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Total area
1,350 SF
Lot
0.4 ac (17,468 SF)
Zoning code
B2
APN
74-23-360-0002-000
UPID
US43-4512718
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
-
Buck's Diner 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
$295k
Owner & transaction history
Bucks Diner Property LLC · 3 yrs held
Bucks Diner Property LLC
since 2022
7 recorded transactions
Zoning & alternative use
B2 · Ira, 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 Ira submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ira 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
Blend value · Realmo final
$295k
Range $266k – $325k · ±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
$219 / 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
$4,030
Tax year 2023
Assessed value
$84,200
Assessed 2024
Previous assessed
$83,500
+0.8% YoY
Effective rate
4.79%
On assessed value
Total market value
$168,400
Applied tax rate
23.0000
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
Off-Market
Year built
1954
Heating
FORCED AIR
Stories
1
Total area
1,350 SF
Lot
0.4 ac (17,468 SF)
Zoning code
B2
APN
74-23-360-0002-000
UPID
US43-4512718
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B2 · Ira, MIZoning B2 · permitted uses
B2 · Ira, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Bucks Diner Property LLC
Entity
Mailing address
30675 N RIV RD, HARRISON TWP, MI 48045-1454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
—
Bucks Diner Property LLC
Diner Deb LLC
Land Contract
—
Oct 9, 2012
$160,000
Bucks Dixie Diner LLC
Jj Development INC
Warranty Deed
$53,000 · D'eath Thomas J Trust (rt)
Jul 23, 2008
$275,290
Jj Dev INC
Sheriff Of St Clair County
Trustees Deed
related
—
Jan 26, 2005
$79,591
Margaret L Wheeler Living Trust
David A Patterson
Sheriffs Deed
related
—
—
—
Bucks Dixie Diner LLC
—
Deed Of Trust
related
$90,000 · Seaway Community Bank
—
—
Michael Mccann
—
Deed Of Trust
related
$22,000 · Fifth Third Bank Eastern Mi
—
—
Bucks Dixie Diner LLC
—
Deed Of Trust
related
$44,380 · Fifth Third Bk
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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