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Property profile & analytics
FOR SALE
Retail space
Crandall Pkwy Lawrence, MI 49064
Entity Owned
6-yr Hold
Free & Clear
Property ID
US43-3612788
For Sale
1 / 22
$299,000
Crandall Pkwy, Lawrence, MI 49064
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
1,632 SF
Lot
1.5 ac (65,340 SF)
Zoning code
VILLAGE
APN
80-44-540-027-00
UPID
US43-3612788
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
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
Bbjsjennings Enterprises LLC · 6 yrs held
Bbjsjennings Enterprises LLC
since 2019
4 recorded transactions
Zoning & alternative use
VILLAGE · Lawrence, 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 Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence 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 2020Property tax & assessments
Tax year 2020
Tax billed
$601
Tax year 2020
Assessed value
$91,700
Assessed 2023
Previous assessed
$85,100
+7.8% YoY
Effective rate
0.66%
On assessed value
Total market value
$183,400
Applied tax rate
80,440.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2020
Heating
NONE
Stories
1
Total area
1,632 SF
Lot
1.5 ac (65,340 SF)
Zoning code
VILLAGE
APN
80-44-540-027-00
UPID
US43-3612788
Jurisdiction
VAN BUREN
Zoning & alternative use
VILLAGE · Lawrence, MI
Zoning VILLAGE · permitted uses
VILLAGE · Lawrence, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lawrence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Bbjsjennings Enterprises LLC
Entity
Free & Clear · 6 yrs held
Mailing address
37698 LK SHR DR, PAW PAW, MI 49079-9346
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2021
—
Bbjsejjennugs Enterprises LLC
—
Deed
related
$227,500 · G W Jones Exchange Bank
May 8, 2020
—
Bbjs Jennings Enterprises LLC
—
Deed
related
$227,500 · G W Jones Exchange Bank
Aug 6, 2019
$50,500
Bbjsjennings Enterprises LLC
Arthur James Crandall
Deed
—
Jan 3, 2011
—
Arthur James Crandall
Arthur James Crandall
Intrafamily Transfer
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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