Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$395,000
Turn key restaurants
9735 Red Arrow Hwy Bridgman, MI 49106-9344
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-1270288
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Total area
7,048 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CG
APN
56-0019-0116-03-0
UPID
US43-1270288
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
$588k
Blend (final)
Blend
$395k
Owner & transaction history
Adam 15 13 LLC · 4 yrs held
Adam 15 13 LLC
since 2022
3 recorded transactions
Zoning & alternative use
CG · Bridgman, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of CG district is to create a mixed use development node that signifies a sense of arrival through the placement of buildings near the front property lines, forming the edges of the public realm at the intersection of Red Arrow Highway and Lake Street, The gateway ushers in residents to the central business district to the east and the lakeshore t…
Zone name
Commercial Gateway
General category
MIXED_USE
Zone area
16.09 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$855,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$395k
Range $356k – $435k · ±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
$56 / 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
$5,945
Tax year 2023
Assessed value
$222,100
Assessed 2024
Previous assessed
$222,100
+0.0% YoY
Effective rate
2.68%
On assessed value
Total market value
$444,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1954
Stories
2
Total area
7,048 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CG
APN
56-0019-0116-03-0
UPID
US43-1270288
Jurisdiction
BERRIEN
Zoning & alternative use
CG · Bridgman, MIZoning CG · permitted uses
CG · 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 CG district is to create a mixed use development node that signifies a sense of arrival through the placement of buildings near the front property lines, forming the edges of the public realm at the intersection of Red Arrow Highway and Lake Street, The gateway ushers in residents to the central business district to the east and the lakeshore to the west.
Zone name
Commercial Gateway
General category
MIXED_USE
Zone area
16.09 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$855,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Adam 15 13 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
310 S SMITH ST, NEW BUFFALO, MI 49117-1748
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
Adam 15 13 LLC
Mtm Group LLC
Warranty Deed
—
Jan 16, 2018
—
Mtm Group LLC
Olympus Property Group
Land Contract
—
Oct 31, 2013
—
Olympus Property Group LLC
Paul F Weber
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9735 Red Arrow Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
