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Property profile & analytics
OFF-MARKET
Estimated value
$120,000
Drive through restaurants
Us 31 Berrien Springs, MI 49103
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-3039133
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1990
Total area
1,045 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-1
APN
32-0013-0007-02-9
UPID
US43-3039133
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
by Request
Blend (final)
Blend
$120k
Owner & transaction history
WEL PROPERTIES
WEL PROPERTIES
Zoning & alternative use
C-1 · Berrien Springs, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RESIDENTIAL DISTRICT ARTICLE VIII - R-4 GROUP HOME RESIDENTIAL DISTRICT Expand ARTICLE IX - REC - PARKS, RECREATION AND OPEN SPACE DISTRICT ARTICLE IX - REC - PARKS, RECREATION AND OPEN SPACE DISTRICT Expand ARTICLE X - C-1 COMMERCIAL DISTRICT ARTICLE X - C-1 COMMERCIAL DISTRICT Expand ARTICLE XI - C-2 CENTRAL BUSINESS DISTRICT ARTICLE XI - C-2 CENTRAL BUSIN…
Zone name
Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
24.50 ac
Source
Adopted Code.pdf
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 Berrien Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berrien Springs 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
$120k
Range $108k – $132k · ±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
$115 / 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
$4,259
Tax year 2023
Assessed value
$106,500
Assessed 2024
Previous assessed
$153,700
-30.7% YoY
Effective rate
4.00%
On assessed value
Total market value
$213,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1990
Stories
1
Total area
1,045 SF
Lot
0.86 ac (37,462 SF)
Zoning code
C-1
APN
32-0013-0007-02-9
UPID
US43-3039133
Jurisdiction
BERRIEN
Zoning & alternative use
C-1 · Berrien Springs, MIZoning C-1 · permitted uses
C-1 · Berrien Springs, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RESIDENTIAL DISTRICT ARTICLE VIII - R-4 GROUP HOME RESIDENTIAL DISTRICT Expand ARTICLE IX - REC - PARKS, RECREATION AND OPEN SPACE DISTRICT ARTICLE IX - REC - PARKS, RECREATION AND OPEN SPACE DISTRICT Expand ARTICLE X - C-1 COMMERCIAL DISTRICT ARTICLE X - C-1 COMMERCIAL DISTRICT Expand ARTICLE XI - C-2 CENTRAL BUSINESS DISTRICT ARTICLE XI - C-2 CENTRAL BUSINESS DISTRICT Expand ARTICLE XII - I-1 INDUSTRIAL DISTRICT ARTICLE XII - I-1 INDUSTR
Zone name
Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
24.50 ac
Source
Adopted Code.pdf
Building & site characteristics
From public records
Year built
1990
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
WEL PROPERTIES
Individual
Free & Clear · 0 yrs held
Mailing address
2053 NILES RD, SAINT JOSEPH, MI 49085-2505
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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