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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
1235 Grand Riv Rd Ste 1, Williamston, MI 48895-8303
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1094449
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
6,945 SF
Lot
3.05 ac (132,858 SF)
Zoning code
B-2
APN
33-03-03-34-326-010
UPID
US43-1094449
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
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$444k
Blend (final)
Blend
$620k
Owner & transaction history
Vla Properties LLC · 7 yrs held
Vla Properties LLC
since 2019
4 recorded transactions
Zoning & alternative use
B-2 · Williamston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$855,000
+32.1%
Restaurant
$810,000
+25.0%
Commercial (general)
$795,000
+22.4%
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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
MEDICAL BUILDING
$855,000
Change: +32% · Conversion: Easy
RESTAURANT
$810,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$795,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$550,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$89 / 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
$12,069
Tax year 2019
Assessed value
$306,100
Assessed 2023
Previous assessed
$323,200
-5.3% YoY
Effective rate
3.94%
On assessed value
Assessed land
$50,300
Assessed improvement
$255,800
Land market value
$100,600
Improvement market value
$511,600
Total market value
$612,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Stories
1
Total area
6,945 SF
Lot
3.05 ac (132,858 SF)
Zoning code
B-2
APN
33-03-03-34-326-010
UPID
US43-1094449
Jurisdiction
INGHAM
Zoning & alternative use
B-2 · Williamston, MI
Zoning B-2 · permitted uses
B-2 · 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
OFFICE BUILDING Current
Est. value
$650,000
MEDICAL BUILDING
Est. value
$855,000
RESTAURANT
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$700,000
RETAIL STORES
Est. value
$550,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1990
Heating
FORCED AIR
Stories
1
Lot
3.05 ac
Current owner
From public records · entity-resolved
Vla Properties LLC
Entity
Mailing address
PO BOX 1296, EAST LANSING, MI 48826-1296
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2019
$576,000
Vla Properties LLC
Miller,maria
Warranty Deed
$420,000 · Farmers St Bk/munith
Mar 1, 2016
$16,814
Chemical Bk
Treasurer Of Ingham County
Grant Deed
related
—
Mar 5, 2007
—
Maria E Miller
Miller D & M Living Trust
Quit Claim Deed
related
$175,000 · Chemical Bank
—
—
Maria E Miller
—
Loan Modification
related
$300,000 · Chemical Bank
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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