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Property profile & analytics
FOR SALE
Retail space
1930 W Grand River Ave Okemos, MI 48864
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0907504
For Sale
1 / 12
$2,950,000
1930 W Grand River Ave, Okemos, MI 48864
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Property summary
AI-generated overview
This exceptional 5,394-square-foot retail space, located at 1930 W. Grand River Ave, offers a prime opportunity for a single tenant. Situated in the Meridian Shopping area, this Class B property boasts high visibility and traffic due to its proximity to Meridian Mall. The building, constructed in 1978 and featuring one story, provides ample parking with 54 spaces. The property sits on 1.12 acres of land and is zoned C-2, allowing for a variety of uses. Previously occupied by Verizon for nearly three decades, the building has undergone numerous updates and is equipped for fiber optics and high-speed internet. The entire 5,394 square feet is currently vacant and available for lease. The lease is a NNN lease with an annual rent of $118,688, translating to a monthly rent of $9,889, or $22 per square foot. The property's address is 1930 W. Grand River Ave, with cross streets of Marsh and Grand River, and its Assessor's Parcel Number (APN) is 33-02-02-22-153-004. This location presents a unique chance to establish a thriving business in a high-demand area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Total area
5,344 SF
Lot
1.12 ac (48,831 SF)
Zoning code
C-2
APN
33-02-02-22-153-004
UPID
US43-0907504
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
$465k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$525k
Owner & transaction history
Betty Eiler LLC · 10 yrs held
Betty Eiler LLC
since 2016
2 recorded transactions
Zoning & alternative use
C-2 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$705,000
+66.8%
Medical building
$660,000
+55.4%
Restaurant
$625,000
+47.0%
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 Okemos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Okemos 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
$465,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
RETAIL STORES
$425,000
Current use
OFFICE BUILDING
$705,000
Change: +67% · Conversion: Easy
MEDICAL BUILDING
$660,000
Change: +55% · Conversion: Difficult
RESTAURANT
$625,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$610,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$540,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$350,000
Change: -17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$345,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$98 / 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
$29,944
Tax year 2019
Assessed value
$451,800
Assessed 2023
Previous assessed
$487,400
-7.3% YoY
Effective rate
6.63%
On assessed value
Assessed land
$199,100
Assessed improvement
$252,700
Land market value
$398,200
Improvement market value
$505,400
Total market value
$903,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1978
Heating
YES
Stories
1
Total area
5,344 SF
Lot
1.12 ac (48,831 SF)
Zoning code
C-2
APN
33-02-02-22-153-004
UPID
US43-0907504
Jurisdiction
INGHAM
Zoning & alternative use
C-2 · Okemos, MI
Zoning C-2 · permitted uses
C-2 · Okemos, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Okemos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$425,000
OFFICE BUILDING
Est. value
$705,000
MEDICAL BUILDING
Est. value
$660,000
RESTAURANT
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$350,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$345,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Heating
YES
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Betty Eiler LLC
Entity
Free & Clear · 10 yrs held
Mailing address
322 ABBOT RD, EAST LANSING, MI 48823-4310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2016
—
Betty Eiler LLC
Eiler,betty
Quit Claim Deed
related
—
Jun 25, 2014
—
Ledebuhr Family LP
Ledebuhr,marilyn M
Quit Claim Deed
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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