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Property profile & analytics
OFF-MARKET
Distribution centers
12780 Partlow Ave Grand Ledge, MI 48837-1955
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2054075
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1971
Total area
7,350 SF
Lot
1.39 ac (60,548 SF)
Zoning code
M-1 LI
APN
030 074 601 190 00
UPID
US43-2054075
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
-
Sparky's Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jshaw Investments LLC · 3 yrs held
Jshaw Investments LLC
since 2023
Last sale
$150,000
5 recorded transactions
Zoning & alternative use
M-1 LI · Grand Ledge, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Grand Ledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Ledge 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,584
Tax year 2023
Assessed value
$166,500
Assessed 2024
Previous assessed
$177,700
-6.3% YoY
Effective rate
2.75%
On assessed value
Total market value
$333,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1971
Heating
FORCED AIR
Stories
1
Total area
7,350 SF
Lot
1.39 ac (60,548 SF)
Zoning code
M-1 LI
APN
030 074 601 190 00
UPID
US43-2054075
Jurisdiction
EATON
Zoning & alternative use
M-1 LI · Grand Ledge, MI
Zoning M-1 LI · permitted uses
M-1 LI · Grand Ledge, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Ledge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Heating
FORCED AIR
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Jshaw Investments LLC
Entity
Mailing address
12780 PARTLOW AVE, GRAND LEDGE, MI 48837-1955
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
—
Jshaw Investments LLC
Sparkys Electric LLC
Quit Claim Deed
related
$324,000 · Consumers Cu
Mar 19, 2018
$150,000
Gary Maurer
Jackie L Kebler
Warranty Deed
—
Mar 19, 2018
$250,000
Sparky S Electric LLC
Gary Maurer
Warranty Deed
$200,000 · Flagstar Bank Fsb
Feb 10, 2017
—
Gary Maurer
Ronald D Groce
Quit Claim Deed
related
—
Jun 13, 2013
—
Rohnald D Groce
Jackie L Kebler
Intrafamily Transfer
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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