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Property profile & analytics
OFF-MARKET
Estimated value
$360,000
Bars & Pubs
9489 Red Arrow Hwy Bridgman, MI 49106-9558
Individually Owned
Free & Clear
Property ID
US43-3795983
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1953
Total area
2,632 SF
Lot
0.56 ac (24,394 SF)
Zoning code
CC
APN
56-0018-0038-00-1
UPID
US43-3795983
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
-
Getaway Cubbie Grille 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
$360k
Owner & transaction history
Thomas L Ackerman
Thomas L Ackerman
since 2026
3 recorded transactions
Zoning & alternative use
CC · Bridgman, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of CC district is auto-oriented and provides for convenience commercial and office uses along Red Arrow Highway.
Zone name
Corridor Commercial
General category
COMMERCIAL
Zone area
119.51 ac
Source
Realmo
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 Bridgman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgman 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
$360k
Range $324k – $396k · ±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
$137 / 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
$2,452
Tax year 2023
Assessed value
$127,000
Assessed 2024
Previous assessed
$107,800
+17.8% YoY
Effective rate
1.93%
On assessed value
Total market value
$254,000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1953
Stories
1
Total area
2,632 SF
Lot
0.56 ac (24,394 SF)
Zoning code
CC
APN
56-0018-0038-00-1
UPID
US43-3795983
Jurisdiction
BERRIEN
Zoning & alternative use
CC · Bridgman, MIZoning CC · permitted uses
CC · Bridgman, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of CC district is auto-oriented and provides for convenience commercial and office uses along Red Arrow Highway.
Zone name
Corridor Commercial
General category
COMMERCIAL
Zone area
119.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1953
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Thomas L Ackerman
Individual
Free & Clear · 0 yrs held
Mailing address
4394 VINE ST, BRIDGMAN, MI 49106-9585
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Thomas L Ackerman
Thomas L Ackerman Heritage Trust
Deed
—
Jan 25, 2008
—
Carl Ackerman
Carl Ackerman
Intrafamily Transfer
related
—
Jul 18, 2007
—
Carl Ackerman
Robert Roth
Warranty Deed
—
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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