Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    216 Grand Riv Ave, Unit 8 Williamston, MI 48895-1320

    • Office buildings
    • 1,789 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0923673
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Smith DeRose Insurance Agency, Inc / Life Insurance Agency / Insurance Agency

    Property Details for 216 Grand Riv Ave

    Year built
    1911
    Lot size
    0.30 lot acres
    Property size
    1,789 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    33-18-03-35-476-009
    APU
    33180335476009

    Description

    This exceptional 350-square-foot traditional office space presents a fantastic opportunity in the heart of Williamston, Michigan. Located at 216 E Grand River Ave, this single-tenant property boasts a convenient downtown location on the main thoroughfare. Built in 1920 and renovated in 2000, the building offers a single-story structure with a 7-foot ceiling height. The property sits on one acre of land and includes three parking spaces located behind the building, providing ample parking for tenants and clients. The space is currently vacant and ready for immediate occupancy. All utilities are included in the rental price, eliminating additional expenses. The building is electrically powered and zoned for commercial use. Its prime location offers excellent visibility and accessibility, making it ideal for a variety of businesses. This is a rare opportunity to secure a well-maintained, move-in ready office space in a thriving downtown area. The Ingham County location provides easy access to local amenities and a strong community presence. The property's address is 216 E Grand River Ave, Williamston, MI 48895, with a cross street of 216 W Grand River. This is a single-building property with a total of 350 square feet. Property taxes are $0 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Williamston
    County
    Ingham
    State
    Michigan
    Longitude
    -84.2866
    Latitude
    42.689
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $4,459
    $26,000
    $68,400
    $94,400
    -
    $52,000
    $136,800
    $188,800

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      224 Grand Riv Ave

      OFFICE BUILDING • 0.10 Acres
      224 Grand Riv Ave, Williamston, MI 48895-1320
      View Details
    • Value Estimation by Request
      3.05 Acres

      201 School St, Unit 1

      OFFICE BUILDING • 3.05 Acres
      201 School St, Williamston, MI 48895-1327
      View Details
    • Value Estimation by Request
      1,818 SF

      301 Williamston Ctr Rd Ste, Unit 500

      OFFICE BUILDING • 1,818 SF
      301 Williamston Ctr Rd Ste, Williamston, MI 48895-8502
      View Details
    • Value Estimation by Request
      1,560 SF

      205 Grand Riv Ave, Unit 1

      OFFICE BUILDING • 1,560 SF
      205 Grand Riv Ave, Williamston, MI 48895-1319
      View Details
    • Value Estimation by Request
      1,056 SF

      145 Grand Riv Ave, Unit 3

      OFFICE BUILDING • 1,056 SF
      145 Grand Riv Ave, Williamston, MI 48895-1317
      View Details
    • Value Estimation
      $830,000
      6,068 SF

      101 Innovation Pkwy

      OFFICE BUILDING • 6,068 SF
      101 Innovation Pkwy, Williamston, MI 48895-1680
      View Details

    Similar Nearby for Sale

    • $295,000
      2.20 Acres

      Williamston Office Condo Opportunity

      14,000 SF Office Condo, 2.2 Acres
      201 Williamston Center Rd, Williamston, MI 48895
      View Details
    • $229,000
      1,388 SF

      Downtown Williamston Office Building

      1,388 SF Creative Office Space, Vacant
      101 Grand River Ave, Williamston, MI 48895
      View Details
    • Contact for pricing

      Williamston Industrial Land for Sale

      Prime I-96 location, flexible acreage.
      2991 Williamston Rd, Williamston, MI 48895
      View Details
    • $799,000
      10,622 SF

      Versatile Office Warehouse in Williamston

      10,094 sq ft office warehouse with flexible space.
      101 Innovation Pkwy, Williamston, MI 48895
      View Details
    • $159,900
      8 SF

      Commercial Land Near I-96

      8 acres of commercial land with city services available.
      Williamston Center Rd, Williamston, MI 48895
      View Details
    • $530,000
      7,004 SF

      Williamston Multifamily Investment

      8-Unit Apartment Building, High Occupancy
      920 Grand River Ave, Williamston, MI 48895
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 Grand Riv Ave, Unit 8
    Williamston, MI 48895-1320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.