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Property profile & analytics
OFF-MARKET
Investment properties
214 Brg St Grand Ledge, MI 48837-1631
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-2496528
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
1,075 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
400 000 615 100 00
UPID
US43-2496528
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
-
Kenneth L. Hoffman, PSYD Physician Medical Clinic
-
The Ledges Counseling - Tammy Kujawa Shiflett, LMSW Crisis Center Medical Clinic
-
First Place Sports (Bike/Boat/Book/etc) Store Printing Service
-
Talk of the Town Hair Care Hair Salon Nail Salon
-
Mysteek Salon Hair Salon Nail Salon
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
Ajam Holdings LLC · 5 yrs held
Ajam Holdings LLC
since 2021
Last sale
$100,000
4 recorded transactions
Zoning & alternative use
CBD · 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
$5,018
Tax year 2023
Assessed value
$39,500
Assessed 2024
Previous assessed
$39,100
+1.0% YoY
Effective rate
12.70%
On assessed value
Total market value
$79,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Stories
1
Total area
1,075 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
400 000 615 100 00
UPID
US43-2496528
Jurisdiction
EATON
Zoning & alternative use
CBD · Grand Ledge, MI
Zoning CBD · permitted uses
CBD · 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
1920
Heating
FORCED AIR
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Ajam Holdings LLC
Entity
Mailing address
308 MEADE DR, LANSING, MI 48917-9605
Ownership since
2021
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
Jan 25, 2021
$100,000
Ajam Holdings LLC
Guild Builders LLC
Warranty Deed
$80,000 · The Dart Bank
Jan 29, 2018
$325,000
Bohica Investment Company LLC
Cline Enterprises INC
Warranty Deed
$341,995 · The Dart Bank
May 7, 2010
—
Guild Builders LLC
Chad Guild
Quit Claim Deed
related
—
Jan 15, 2008
$75,000
Chad Guild
Roger Love
Warranty Deed
$113,392 · The Dart Bank
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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