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Property profile & analytics
OFF-MARKET
Warehouses
242 Burtch Rd Grass Lake, MI 49240-9302
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-0815674
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
30,560 SF
Lot
5.49 ac (239,014 SF)
Zoning code
LI-LT IND
APN
010-15-05-203-010-08
UPID
US43-0815674
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
-
Walz Fabrication LLC General Contractor
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
Vj & B Holdings LLC · 2 yrs held
Vj & B Holdings LLC
since 2024
Last sale
$135,000
7 recorded transactions
Zoning & alternative use
LI-LT IND · Grass Lake, 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 Grass Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grass Lake 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 2022Property tax & assessments
Tax year 2022
Tax billed
$7,885
Tax year 2022
Assessed value
$162,600
Assessed 2023
Previous assessed
$162,600
+0.0% YoY
Effective rate
4.85%
On assessed value
Total market value
$325,200
Applied tax rate
44.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Buildings
8
Stories
1
Total area
30,560 SF
Lot
5.49 ac (239,014 SF)
Zoning code
LI-LT IND
APN
010-15-05-203-010-08
UPID
US43-0815674
Jurisdiction
JACKSON
Zoning & alternative use
LI-LT IND · Grass Lake, MI
Zoning LI-LT IND · permitted uses
LI-LT IND · Grass Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grass Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
1
Buildings
8
Lot
5.49 ac
Current owner
From public records · entity-resolved
Vj & B Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
233 CLARK ST, GRASS LAKE, MI 49240-9433
Ownership since
2024
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
Jan 17, 2024
—
Vj & B Holdings LLC
Susette M Walz
Quit Claim Deed
related
—
Dec 28, 2018
—
Rodney V Walz
Walz,rodney V
Quit Claim Deed
related
—
Jun 29, 2015
$135,000
Rodney V Walz
Baker,claudette & John
Warranty Deed
—
Jun 14, 2011
—
First Natl Bk Of America
Rose Acceptance INC
Quit Claim Deed
related
—
Jul 15, 2008
$174,426
Rose Acceptance INC
Deputy Sheriff Of Jackson County
Trustees Deed
—
Jun 24, 2008
$9,988
Grass Lake Mini Mall INC
Treasurer Of Jackson County
Grant Deed
—
Apr 25, 2006
—
Grass Lake Mini Mall INC
Jack Smith
Quit Claim Deed
related
$149,999 · First National Bank Of America
Apr 25, 2006
$89,168
Orville R Smith
Juan C Sanchez
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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