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Property profile & analytics
OFF-MARKET
Estimated value
$5,320,000
Auto shops
6080 Saginaw Hwy, Grand Ledge, MI 48837-9106
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-2431541
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2015
Total area
42,282 SF
Lot
10.73 ac (467,399 SF)
Zoning code
NONE
APN
040 018 100 002 00
UPID
US43-2431541
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 Ford Parts Auto Parts Store
-
Morrie's Grand Ledge Ford Car Dealership Auto Repair Shop
-
Grand Ledge Lincoln Service Auto Repair Shop
-
Grand Ledge Ford Service Auto Repair Shop
-
Grand Ledge Lincoln Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$5.32M
Owner & transaction history
Mag Glf Re LLC · 4 yrs held
Mag Glf Re LLC
since 2021
Last sale
$5.4M
3 recorded transactions
Zoning & alternative use
NONE · Grand Ledge, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+76.8%
Office building
$3.3M
+25.9%
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
Method
Estimation
Statistic approach
$5,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,595,000
Change: +77% · Conversion: Moderate
OFFICE BUILDING
$3,275,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$5.32M
Range $4.79M – $5.85M · ±10% · vs last sale $5.40M (Dec 20 2021)
Last sale anchor
$5.40M
Dec 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$126 / SF
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
$96,504
Tax year 2023
Assessed value
$2,009,500
Assessed 2024
Previous assessed
$1,797,600
+11.8% YoY
Effective rate
4.80%
On assessed value
Total market value
$4,019,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2015
Heating
FORCED AIR
Stories
1
Total area
42,282 SF
Lot
10.73 ac (467,399 SF)
Zoning code
NONE
APN
040 018 100 002 00
UPID
US43-2431541
Jurisdiction
EATON
Zoning & alternative use
NONE · Grand Ledge, MI
Zoning NONE · permitted uses
NONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
FORCED AIR
Stories
1
Lot
10.73 ac
Current owner
From public records · entity-resolved
Mag Glf Re LLC
Entity
Mailing address
444 MADISON AVE FL, NEW YORK, NY 10022-6903
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Mag Glf Re LLC
—
Deed
related
—
Dec 20, 2021
$5,400,000
Mag Glf Re LLC
Merrill Land Company LLC
Deed
$4,717,500 · Comerica Bank
Sep 23, 2019
—
Merrill Land Company LLC
—
Deed
related
$4,000,000 · Michigan State University FCU
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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