Property profile

241 Mccormick St Williamston, MI 48895

OFF-MARKET
Assisted living facilities
Property ID
US43-1082509
9,260 SF 0.58 ac lot Built 1996
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1996
Total area 9,260 SF
Lot 0.58 ac (25,221 SF)
Zoning code R-3
APN 33-18-03-35-451-006
UPID US43-1082509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Retirement Community

Location

241 Mccormick St Williamston, MI 48895-1221
Williamston metro Census 5800 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.79M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M

Owner & transaction history

since 2022
Last sale
$1.7M
7 recorded transactions
2023
Price N/A
2022
Price N/A
2022
$1.7M
2017
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-3 · Williamston, MI
Zoning description

but can be accommodated in the R-1 single-family, R-2 one- and two- family, or the R-3 multiple-family residential districts. PRINCIPAL PERMITTED USES SPECIAL LAND USES • One family dwelling unit • State licensed residen…

General category RESIDENTIAL
Top alternative use upside
Office building $1.4M +178.7%
Retail stores $1.3M +156.5%
Restaurant $1.0M +114.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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