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Financial
Distress signals
Property profile

1930 W Grand River Ave Okemos, MI 48864

FOR SALE
Retail space
Property ID
US43-0907504
5,344 SF 1.12 ac lot Built 1978
Last sale Jun 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$30k
Tax billed · 2019
Assessed value · 2023$452k
Assessed land$199k
Assessed improvement$253k
Effective rate6.63%

Value estimate

· Oct 2026
$465k
$419k – $512k
AI approach$465k
CAP approach$565k
Submarket $/SF estimate$570k
NOI build-up
Gross scheduled income$529k
Vacancy & credit loss−$95k
Operating expenses−$130k
NOI · 10.31% cap applied$304k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$79/SF
County average, outlier-cleaned · 136 recorded sales of this use type
Observed band · Q1–Q3$43 – $117
Qualifying comparables3

Cap rate analysis

How does the asset earn?
10.31%
$304k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.7
Wholesale Shop17.8
Storage Facility13.2

Location

1930 W Grand River Ave Okemos, MI 48864
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4749 Central Park, Okemos, MI 48864-1973 $850,000 Jan 2025 6,895 SF
2114 Hamilton, Okemos, MI 48864-1745 $1,300,000 Sep 2024 6,164 SF
4690 Okemos, Okemos, MI 48864-1728 $1,300,000 Sep 2024 6,678 SF
4708 Okemos, Okemos, MI 48864-1603 $425,000 Apr 2024 4,000 SF
2243 Grand Riv, Okemos, MI 48864-1650 $650,000 Jan 2021 7,222 SF
2359 Grand Riv, Okemos, MI 48864 $700,000 Oct 2020 5,050 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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