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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail residential properties
102 Grand Riv Ave, Williamston, MI 48895-1315
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-1154497
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1890
Total area
8,506 SF
Lot
0.14 ac (6,142 SF)
Zoning code
C-1
APN
33-18-03-35-476-034
UPID
US43-1154497
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
$806k
Blend (final)
Blend
$800k
Owner & transaction history
James L Belles Revocable Living Tru · 2 yrs held
James L Belles Revocable Living Tru
since 2023
3 recorded transactions
Zoning & alternative use
C-1 · Williamston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+7.9%
Restaurant
$990,000
+2.1%
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 Williamston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamston 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)
$970,000
Current use
MEDICAL BUILDING
$1,050,000
Change: +8% · Conversion: Easy
RESTAURANT
$990,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$855,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$94 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$12,893
Tax year 2019
Assessed value
$228,500
Assessed 2023
Previous assessed
$228,500
+0.0% YoY
Effective rate
5.64%
On assessed value
Assessed land
$22,900
Assessed improvement
$205,600
Land market value
$45,800
Improvement market value
$411,200
Total market value
$457,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1890
Heating
YES
Stories
3
Total area
8,506 SF
Lot
0.14 ac (6,142 SF)
Zoning code
C-1
APN
33-18-03-35-476-034
UPID
US43-1154497
Jurisdiction
INGHAM
Zoning & alternative use
C-1 · Williamston, MI
Zoning C-1 · permitted uses
C-1 · Williamston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$855,000
OFFICE BUILDING
Est. value
$795,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1890
Heating
YES
Stories
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
James L Belles Revocable Living Tru
Individual
Free & Clear · 2 yrs held
Mailing address
1407 NOBLE RD, WILLIAMSTON, MI 48895-9751
Ownership since
2023
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
Aug 29, 2023
—
James L Belles Revocable Living Tru
James L Belles
Intrafamily Transfer
related
—
Jul 22, 2015
—
Belles,james Living Trust
Wilkins Ents South LLC
Quit Claim Deed
related
—
Sep 14, 2005
—
Wilkins Ents South LLC
Wilkins,gilbert E & Cheryl L
Quit Claim Deed
related
—
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
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