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Property profile & analytics
OFF-MARKET
Estimated value
$85,000
Turn key restaurants
9811 Exeter Rd Carleton, MI 48117-9356
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US43-1352793
Property summary
AI-generated overview
This Carleton, MI property offers a unique investment opportunity: a thriving restaurant and substantial real estate. The nearly 5,000 square foot restaurant, a community favorite since 2011, features a full bar seating 120, outdoor seating, and space for live entertainment. The menu includes custom pizzas, pasta, soups, and burgers. The property boasts 4.76 acres of land, including a spacious 1,500 square foot, three-bedroom, two-bathroom house with a two-car garage – ideal for owner occupancy or rental income. A versatile pole barn provides ample storage or expansion potential. Recent upgrades (2023) include a new roof, sidewalks, and furnace. The property also includes 45 parking spaces. This turnkey operation comes complete with a liquor license. The combination of a successful restaurant, residential dwelling, and extra storage makes this a compelling investment.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
4,440 SF
Lot
4.76 ac (207,346 SF)
APN
06-025-043-00
UPID
US43-1352793
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
-
Anson's 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
$85k
Owner & transaction history
Anson Properties LLC · 15 yrs held
Anson Properties LLC
since 2011
2 recorded transactions
Zoning & alternative use
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 Carleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carleton 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
$85k
Range $77k – $94k · ±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
$19 / 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
$5,781
Tax year 2023
Assessed value
$138,550
Assessed 2023
Previous assessed
$138,550
+0.0% YoY
Effective rate
4.17%
On assessed value
Total market value
$277,100
Applied tax rate
6.0000
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
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
4,440 SF
Lot
4.76 ac (207,346 SF)
APN
06-025-043-00
UPID
US43-1352793
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
4.76 ac
Current owner
From public records · entity-resolved
Anson Properties LLC
Entity
Mailing address
12843 CALKINS RD, CARLETON, MI 48117-9742
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2011
$100,000
Anson Properties LLC
Hoffman Laverne F Trust
Warranty Deed
$90,000 · Monroe Bank & Trust
Feb 9, 2011
$100,000
Anson Properties LLC
Laverne F Hoffman Trust
Grant 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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