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Property profile & analytics
FOR LEASE
Outlet malls
12821 Cross Over Dr Dewitt, MI 48820
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-2128919
For Lease
1 / 3
$2,350,000
12821 Cross Over Dr, Dewitt, MI 48820
View Listing →
Property summary
AI-generated overview
This exceptional retail opportunity presents 612 square feet of in-store space within a high-traffic Meijer supermarket in DeWitt, Michigan (zip code 48820, located at 12821 Crossover Dr). This "store-within-a-store" concept offers unparalleled visibility and access to thousands of weekly customers. The space is strategically positioned for maximum customer interaction at the front of the store. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM charges, and utilities, simplifying operational costs. Branding opportunities are available, including both interior and exterior signage. The property is situated in a thriving trade area with a desirable customer base. This location is ideal for a variety of businesses, including but not limited to financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The entire 612 square feet is currently vacant and ready for immediate occupancy. Clinton County location offers excellent access and visibility.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
20,000 SF
Lot
25.53 ac (1,112,087 SF)
Zoning code
BC
APN
050-010-300-035-00
UPID
US43-2128919
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
-
Meijer Pharmacy Pharmacy
-
Huntington Mortgage Group Loan Service Bank
-
Quick-Tag Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
Meijer Specialty Food Shop Supermarket
-
Meijer Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$2.35M
Owner & transaction history
MEIJER, INC
MEIJER, INC
Zoning & alternative use
BC · Dewitt, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+16.1%
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 Dewitt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dewitt 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
OFFICE BUILDING
$1,500,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±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
$118 / 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
$124,752
Tax year 2022
Assessed value
$2,750,600
Assessed 2024
Previous assessed
$2,696,700
+2.0% YoY
Effective rate
4.54%
On assessed value
Assessed land
$588,600
Assessed improvement
$2,162,000
Land market value
$1,177,200
Improvement market value
$4,324,000
Total market value
$5,501,200
Applied tax rate
50.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2006
Heating
FORCED AIR
Stories
1
Total area
20,000 SF
Lot
25.53 ac (1,112,087 SF)
Zoning code
BC
APN
050-010-300-035-00
UPID
US43-2128919
Jurisdiction
CLINTON
Zoning & alternative use
BC · Dewitt, MI
Zoning BC · permitted uses
BC · Dewitt, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dewitt. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.5M
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
2006
Heating
FORCED AIR
Stories
1
Lot
25.53 ac
Current owner
From public records · entity-resolved
MEIJER, INC
Entity
Free & Clear · 0 yrs held
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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