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Property profile & analytics
OFF-MARKET
Commercial land
2430 Hl Rd, Grand Blanc, MI 48439-5064
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-0128132
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1941
Total area
742 SF
Lot
0.41 ac (17,816 SF)
Zoning code
OS
APN
12-08-200-009
UPID
US43-0128132
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
-
Transnation Title Agency Mason Burgess Commercial Title Company
-
Student Adventures Travel Agency Tour Operator
-
James Huck - Morgan Stanley Financial Advisor
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Morgan Stanley Financial Advisors Financial Advisor
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The Evergreen Hill Group - Morgan Stanley Financial Advisor
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
K Real Properties LLC · 4 yrs held
K Real Properties LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
OS · Grand Blanc, 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 Grand Blanc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Blanc 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 2019Property tax & assessments
Tax year 2019
Tax billed
$2,683
Tax year 2019
Assessed value
$43,500
Assessed 2023
Previous assessed
$43,500
+0.0% YoY
Effective rate
6.17%
On assessed value
Total market value
$87,000
Applied tax rate
12.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1941
Heating
FORCED AIR
Bathrooms
1
Total area
742 SF
Lot
0.41 ac (17,816 SF)
Zoning code
OS
APN
12-08-200-009
UPID
US43-0128132
Jurisdiction
GENESEE
Zoning & alternative use
OS · Grand Blanc, MI
Zoning OS · permitted uses
OS · Grand Blanc, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Blanc. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1941
Heating
FORCED AIR
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
K Real Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2430 E HL RD STE A, GRAND BLANC, MI 48439-5196
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
Jun 29, 2022
$1,540,000
K Real Properties LLC
Hill 2420 LLC
Warranty Deed
—
Dec 17, 2021
—
Hill 2420 LLC
—
Deed
related
$200,000 · Horizon Bank
Aug 6, 2019
—
Hill 2420 LLC
—
Trustees Deed
related
$977,728 · Horizon Bk
Feb 2, 2018
$26,000
Hill 2420 LLC
Genesee Cnty Land Bk Auth
Quit Claim Deed
related
—
Dec 28, 2016
—
Genesee County Land Bank
Genesee County Treasurer
Quit Claim Deed
related
—
Jun 24, 2016
$38,000
Hill 2420 LLC
Brown,paul D & Lucille J
Warranty Deed
—
Jun 23, 2016
$45,000
Hill 2420 LLC
Blessing,louis O & Debra
Warranty Deed
—
Apr 25, 2016
—
Treasurer Of Genesee County
Owner Name Unavailable
Tax Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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