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Property profile & analytics
OFF-MARKET
Medical Office Space
416 Riv St Grand Ledge, MI 48837-1764
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-2015446
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1969
Total area
2,104 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R-HD
APN
400 000 625 031 00
UPID
US43-2015446
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
-
Grand Ledge Family Dentistry Dental Office
-
Kyle Mulder Dental Office
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
River Street Holdings LLC · 5 yrs held
River Street Holdings LLC
since 2021
Last sale
$250,000
2 recorded transactions
Zoning & alternative use
R-HD · Grand Ledge, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
d, MI 48034 LOCATION: The subject property (5776 E. Sagi naw Highway & the vacant parcel to its south and east) is located on E. Saginaw Highway, directly south of S undance Chevrolet. PROPERTY SIZE: 78.07 acres ZONING: R-HD, Multiple Family Residential EXISTING LAND USE: Single Family Residential/Vacant SURROUNDING LAND USES: N: Vehicle Dealership/Single Fa…
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
170.55 ac
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 Ledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Ledge 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,974
Tax year 2023
Assessed value
$126,700
Assessed 2024
Previous assessed
$125,400
+1.0% YoY
Effective rate
12.61%
On assessed value
Total market value
$253,400
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Stories
1
Total area
2,104 SF
Lot
0.17 ac (7,405 SF)
Zoning code
R-HD
APN
400 000 625 031 00
UPID
US43-2015446
Jurisdiction
EATON
Zoning & alternative use
R-HD · Grand Ledge, MIZoning R-HD · permitted uses
R-HD · Grand Ledge, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
d, MI 48034 LOCATION: The subject property (5776 E. Sagi naw Highway & the vacant parcel to its south and east) is located on E. Saginaw Highway, directly south of S undance Chevrolet. PROPERTY SIZE: 78.07 acres ZONING: R-HD, Multiple Family Residential EXISTING LAND USE: Single Family Residential/Vacant SURROUNDING LAND USES: N: Vehicle Dealership/Single Family Residential S: Single Family Residential E: Vehicle Dealership/Single Family Re
Zone name
Multiple Family Residential
General category
RESIDENTIAL
Zone area
170.55 ac
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
River Street Holdings LLC
Entity
Mailing address
513 S BRG ST, GRAND LEDGE, MI 48837-1503
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
$250,000
River Street Holdings LLC
Dennis James Sullivan
Warranty Deed
$251,661 · The Dart Bank
Mar 8, 2019
$205,000
Dennis J Sullivan
C Bernard Johnson Trust
Land Contract
$184,500 · C Bernard Johnson Trust
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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