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Property profile & analytics
OFF-MARKET
Retail space
5742 Saginaw Hwy, Grand Ledge, MI 48837-9172
Trust Owned
10-yr Hold
Free & Clear
Property ID
US43-0441509
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
1,459 SF
Lot
1 ac (43,560 SF)
Zoning code
B-2 COM
APN
030 013 200 035 00
UPID
US43-0441509
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
Wesley R & Kelli J Waldo Trust · 10 yrs held
Wesley R & Kelli J Waldo Trust
since 2015
5 recorded transactions
Zoning & alternative use
B-2 COM · Grand Ledge, 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 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
$5,799
Tax year 2023
Assessed value
$153,900
Assessed 2024
Previous assessed
$150,800
+2.1% YoY
Effective rate
3.77%
On assessed value
Total market value
$307,800
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
Off-Market
Heating
FORCED AIR
Cooling
NONE
Stories
2
Bathrooms
1
Total area
1,459 SF
Lot
1 ac (43,560 SF)
Zoning code
B-2 COM
APN
030 013 200 035 00
UPID
US43-0441509
Jurisdiction
EATON
Zoning & alternative use
B-2 COM · Grand Ledge, MI
Zoning B-2 COM · permitted uses
B-2 COM · Grand Ledge, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Ledge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Wesley R & Kelli J Waldo Trust
Trust
Free & Clear · 10 yrs held
Mailing address
23 CHARLOTTE ST, MULLIKEN, MI 48861-9701
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2015
—
Wesley R & Kelli J Waldo Trust
Wesley R Waldo
Intrafamily Transfer
related
—
Aug 10, 2010
$85,000
Wesley R Waldo
Ib Property Holdings LLC
Deed
—
Aug 10, 2010
—
Ib Property Holdings LLC
Bayview Loan Servicing LLC
Quit Claim Deed
related
—
Aug 19, 2009
$81,000
Bayview Loan Servicing LLC
Elizabeth J Chirko
Sheriffs Deed
related
—
Dec 13, 2005
—
Elizabeth J Chirko
Cakes A Bloomin LLC
Warranty Deed
$139,750 · Interbay Funding LLC
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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