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Property profile & analytics
OFF-MARKET
Estimated value
$5,635,000
Industrial properties
2280 Grand Riv Ave Howell, MI 48843-8515
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1579365
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
154,040 SF
Lot
13.7 ac (596,772 SF)
Zoning code
I
APN
06-27-400-010
UPID
US43-1579365
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
-
Eileen M. McHenry, LMSW Physician
-
Debra Little Physician
-
Lauren Brown Physician
-
Aludyne Industrial Manufacturer Production Facility
-
Cynthia K. Behm, LLBSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.63M
Blend (final)
Blend
$5.64M
Owner & transaction history
2280 W Grand River LLC · 5 yrs held
2280 W Grand River LLC
since 2021
6 recorded transactions
Zoning & alternative use
I · Howell, 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 Howell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Howell 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,355,000
Current use
Blend value · Realmo final
$5.64M
Range $5.07M – $6.20M · ±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
$37 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$69,916
Tax year 2021
Assessed value
$2,667,356
Assessed 2023
Previous assessed
$2,432,791
+9.6% YoY
Effective rate
2.62%
On assessed value
Total market value
$5,334,712
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Buildings
5
Stories
1
Total area
154,040 SF
Lot
13.7 ac (596,772 SF)
Zoning code
I
APN
06-27-400-010
UPID
US43-1579365
Jurisdiction
LIVINGSTON
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I · Howell, MI
Zoning I · permitted uses
I · Howell, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Howell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.4M
INDUSTRIAL (GENERAL) Current
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
FORCED AIR
Stories
1
Buildings
5
Lot
13.7 ac
Current owner
From public records · entity-resolved
2280 W Grand River LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2280 W GRAND RIV AVE, HOWELL, MI 48843-8515
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
2280 W Grand River LLC
—
Deed
related
$750,000 · Lake Michigan Cu
Jul 14, 2021
—
2280 W Grand River LLC
Grand River Howell LLC
Deed
—
Jul 1, 2014
—
Grand River Howell LLC
Bravo Family LLC
Grant Deed
related
—
Jan 6, 2004
—
Bravo Family LLC
—
Deed Of Trust
related
$39,365,000 · Comerica Bank Trustee
Dec 10, 1998
$3,715,000
Bravo Family LLC
U B I Leasing INC
Grant Deed
—
—
—
Bravo Family LLC
—
Deed Of Trust
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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