Entity Owned 
For Sale
Contact for pricing
11500 Glenn Rd, Grass Lake, MI 49240
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Property summary
AI-generated overview
The property is an approximately 30-acre horse show facility, with exact acreage and boundaries to be confirmed by survey, and it is part of the historic Waterloo Hunt Club. It includes horse show grounds, four pavilion structures, office facilities, and multiple flexible arena areas. The site provides permanent stabling for up to 182 horses, with the ability to expand beyond 450 horses using temporary stalls. The overall site is designed and operated as an equestrian event facility; horse show-related equipment and supplies were included with the facility historically, while exclusions are limited to the Waterloo Hunt Club clubhouse and facilities not located within the 30-acre area. The facility is located in Grass Lake, Michigan, within the Waterloo Recreation Area, between Ann Arbor and Jackson, with access to Interstate 94.
Property profile
Verified
Property type
Other specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1900
Total area
3,848 SF
Lot
36 ac (1,568,160 SF)
Zoning code
A-2
APN
000-10-09-326-001-00
UPID
US43-1568417
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Equestrian Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$345k
Owner & transaction history
Zoning & alternative use
A-2 · Grass Lake, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$345k
Value range
$311k – $380k
±10% around blend
Estimated value / SF
$90 / SF
Confidence
Property data
100
Comparable evidence
60
$311k
blend $345k
$380k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,848 SF
Lot area
36 ac
Year built
1900
Stories
2
APN
000-10-09-326-001-00
Zoning
A-2
Assessed value
$188,300
Annual tax
$6,725
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$345k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$188k
Move the market yield to see immediate price impact.
Value / SF
$49
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$12k
$237k
$169k
$132k
$13k
$264k
$188k
$146k
$14k
$290k
$207k
$161k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,725
Tax year 2022
Assessed value
$188,300
Assessed 2023
Previous assessed
$161,850
+16.3% YoY
Effective rate
3.57%
On assessed value
Total market value
$376,600
Applied tax rate
19.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
For Sale
Year built
1900
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
2
Bathrooms
1
Total area
3,848 SF
Lot
36 ac (1,568,160 SF)
Zoning code
A-2
APN
000-10-09-326-001-00
UPID
US43-1568417
Jurisdiction
JACKSON
Zoning & alternative use
A-2 · Grass Lake, MIZoning A-2 · permitted uses
A-2 · Grass Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Bathrooms
1
Lot
36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
A-2
Jurisdiction
Grass Lake, MI
Recorded code
A-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for A-2 in Grass Lake, MI.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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