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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Medical Office Space
1288 Grand Riv Ave, Williamston, MI 48895-8305
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1785600
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
8,354 SF
Lot
0.66 ac (28,706 SF)
Zoning code
PO-1
APN
33-18-03-34-426-011
UPID
US43-1785600
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
-
Dr. Andrew Stasevich Pediatrician Physician
-
Williamston Rehabilitation | University of Michigan Health-Sparrow Rehabilitation Center Physical Therapy Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$910k
Owner & transaction history
Pets N Vets LLC · 5 yrs held
Pets N Vets LLC
since 2020
4 recorded transactions
Zoning & alternative use
PO-1 · Williamston, 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,030,000
Current use
RESTAURANT
$975,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$955,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$840,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$109 / 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
$21,806
Tax year 2019
Assessed value
$446,800
Assessed 2023
Previous assessed
$423,200
+5.6% YoY
Effective rate
4.88%
On assessed value
Assessed land
$94,000
Assessed improvement
$352,800
Land market value
$188,000
Improvement market value
$705,600
Total market value
$893,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
YES
Stories
1
Total area
8,354 SF
Lot
0.66 ac (28,706 SF)
Zoning code
PO-1
APN
33-18-03-34-426-011
UPID
US43-1785600
Jurisdiction
INGHAM
Zoning & alternative use
PO-1 · Williamston, MI
Zoning PO-1 · permitted uses
PO-1 · 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
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$840,000
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Heating
YES
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Pets N Vets LLC
Entity
Free & Clear · 5 yrs held
Mailing address
784 W LK LANSING RD, EAST LANSING, MI 48823-1446
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 29, 2023
—
Fairfax II Partners LLC
—
Deed
related
$415,000 · Eaton Community Bank
Sep 2, 2020
$705,500
Pets N Vets LLC
Fairfax II Partners LLC
Warranty Deed
—
Oct 20, 2017
—
Fairfax II Partners LLC
—
Deed
related
$700,000 · New Buffalo Svgs Bk
—
—
Fairfax II Partners LLC
—
Deed Of Trust
related
$700,000 · New Buffalo Svgs Bk
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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