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Property profile & analytics
OFF-MARKET
Estimated value
$1,710,000
Assisted living facilities
241 Mccormick St, Williamston, MI 48895-1221
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1082509
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Divine Nest of Williamston Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Avs Holdings 2 LLC · 3 yrs held
Avs Holdings 2 LLC
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
R-3 · Williamston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+178.7%
Retail stores
$1.3M
+156.5%
Restaurant
$1.0M
+114.2%
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 Williamston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Williamston 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
$1,725,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,355,000
Change: +179% · Conversion: Difficult
RETAIL STORES
$1,250,000
Change: +156% · Conversion: Difficult
RESTAURANT
$1,045,000
Change: +114% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.54M – $1.88M · ±10% · vs last sale $1.70M (Dec 5 2022)
Last sale anchor
$1.70M
Dec 5 2022
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
$185 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$44,581
Tax year 2019
Assessed value
$641,600
Assessed 2023
Previous assessed
$602,100
+6.6% YoY
Effective rate
6.95%
On assessed value
Assessed land
$82,300
Assessed improvement
$559,300
Land market value
$164,600
Improvement market value
$1,118,600
Total market value
$1,283,200
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1996
Heating
HOT WATER
Stories
1
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
Jurisdiction
INGHAM
Zoning & alternative use
R-3 · Williamston, MI
Zoning R-3 · permitted uses
R-3 · Williamston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Williamston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
Year built
1996
Heating
HOT WATER
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Avs Holdings 2 LLC
Entity
Mailing address
2045 BIRCH BLF DR, OKEMOS, MI 48864-5965
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2023
—
Avs Holdings 2 LLC
—
Deed
related
$510,000 · Great Lakes Commercial Finance
Dec 12, 2022
—
Avs Holdings 2 LLC
—
Deed
related
$495,000 · The Dart Bank
Dec 5, 2022
$1,700,000
Avs Holdings 2 LLC
Riverwind LLC
Warranty Deed
$825,000 · The Dart Bank
Aug 1, 2017
—
Riverwind LLC
—
Deed
related
$1,350,000 · Huntington Nat'l Bk
Jan 4, 2008
—
Susan Sebolt
Sebolt,brian
Quit Claim Deed
related
—
—
—
Susan E Shelander
—
Deed Of Trust
related
$1,000,000 · Shillinglaw D Trust #1 (pt)
—
—
Riverwind LLC
—
Deed Of Trust
related
$1,266,186 · First Place Bank
—
—
Riverwind LLC
—
Deed Of Trust
related
$1,350,000 · Huntington Nat'l Bk
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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