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Property profile & analytics
OFF-MARKET
Strip malls
950 Bailey Ave South Haven, MI 49090-8744
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2212017
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Total area
1,866 SF
Lot
0.94 ac (40,946 SF)
Zoning code
B-2
APN
80-53-615-015-10
UPID
US43-2212017
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
-
Natural Nails Nail Salon
-
Bronson South Haven Occupational Medicine Occupational Health Service Medical Clinic
-
Bronson Cardiac Rehabilitation - South Haven Medical Clinic
-
Bronson Pulmonary Rehabilitation - South Haven Rehabilitation Center Pulmonologist
-
Dr. Nicholas Loafman Physician
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
South Haven Community Hospital · 18 yrs held
South Haven Community Hospital
since 2007
3 recorded transactions
Zoning & alternative use
B-2 · South Haven, 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 South Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Haven 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 2020Property tax & assessments
Tax year 2020
Tax billed
$2,600
Tax year 2020
Assessed value
$107,600
Assessed 2023
Previous assessed
$101,700
+5.8% YoY
Effective rate
2.42%
On assessed value
Total market value
$215,200
Applied tax rate
80,530.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
1,866 SF
Lot
0.94 ac (40,946 SF)
Zoning code
B-2
APN
80-53-615-015-10
UPID
US43-2212017
Jurisdiction
VAN BUREN
Zoning & alternative use
B-2 · South Haven, MI
Zoning B-2 · permitted uses
B-2 · South Haven, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Haven. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
South Haven Community Hospital
Individual
Free & Clear · 18 yrs held
Mailing address
601 JOHN STC, KALAMAZOO, MI 49007-5341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Sep 26, 2007
$440,000
South Haven Community Hospital
Oberheu Properties LLC
Warranty Deed
—
Sep 26, 2007
—
Oberheu Properties LLC
Dorothy Oberheu
Quit Claim Deed
related
—
Jan 23, 2006
—
Richard E Oberheu
Murk Properties INC
Corporation Deed
$400,000 · Horizon Bank NA
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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