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Property profile & analytics
OFF-MARKET
Estimated value
$135,000
Grocery and convenience stores
12226 Seymour Rd Grass Lake, MI 49240-9628
Entity Owned
21-yr Hold
Free & Clear
Property ID
US43-1103470
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Total area
4,604 SF
Lot
1 ac (43,560 SF)
Zoning code
C-1
APN
000-10-05-301-003-00
UPID
US43-1103470
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
-
Country Corner Department Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$135k
Owner & transaction history
UNITED EAGLE PROPERTIES LLC
UNITED EAGLE PROPERTIES LLC
Zoning & alternative use
C-1 · Grass Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Commercial District is intended for commercial uses that provide convenience goods and services for residents of the village and the surrounding area. It is further the intent of this district that sites develop or redevelop in a manner that is consistent with the goal to maintain the historic character and enhance the walkability of the village.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
37.57 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 Grass Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grass Lake 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
$135k
Range $122k – $149k · ±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
$29 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,145
Tax year 2022
Assessed value
$163,050
Assessed 2023
Previous assessed
$143,700
+13.5% YoY
Effective rate
4.38%
On assessed value
Total market value
$326,100
Applied tax rate
19.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
4,604 SF
Lot
1 ac (43,560 SF)
Zoning code
C-1
APN
000-10-05-301-003-00
UPID
US43-1103470
Jurisdiction
JACKSON
Zoning & alternative use
C-1 · Grass Lake, MIZoning C-1 · permitted uses
C-1 · Grass Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Commercial District is intended for commercial uses that provide convenience goods and services for residents of the village and the surrounding area. It is further the intent of this district that sites develop or redevelop in a manner that is consistent with the goal to maintain the historic character and enhance the walkability of the village.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
37.57 ac
Source
Realmo
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
UNITED EAGLE PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12226 SEYMOUR RD, GRASS LAKE, MI 49240-9628
Mailing matches property
Yes
Owner-occupied
Yes
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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