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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Individual retail properties
610 Paw Paw St Lawrence, MI 49064-9670
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2031522
Property summary
AI-generated overview
This 4,000 square-foot commercial property in Lawrence, MI, presents a unique investment opportunity. Previously operating as a laundromat and convenience store, this adaptable space offers flexible lease terms to suit various business needs. Located at 610 S Paw Paw Street, it benefits from high visibility and ample parking (50 spaces) directly across from a large mobile home community, ensuring high traffic. The building features an open floor plan, upgraded plumbing and electrical infrastructure (ideal for laundromats, dry cleaners, or similar ventures), existing shelving and counter space from the former convenience store, and additional rear storage. High ceilings allow for flexible interior layouts. Partial space lease options are available, ranging from 1,800 to 4,000 square feet. This prime location is perfect for retail stores, quick-service restaurants, service-based businesses, or similar ventures. The property's existing infrastructure minimizes initial setup costs, making it an attractive option for entrepreneurs and established businesses alike. Contact us today to explore the possibilities.
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1975
Total area
3,600 SF
Lot
0.65 ac (28,183 SF)
Zoning code
VILLAGE
APN
80-44-456-004-00
UPID
US43-2031522
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
-
Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Jasvir Singh Sandhu · 4 yrs held
Jasvir Singh Sandhu
since 2021
Last sale
$712,000
6 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
Method
Estimation
Statistic approach
$785,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $712k (Mar 30 2020)
Last sale anchor
$712k
Mar 30 2020
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
$197 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$2,433
Tax year 2020
Assessed value
$71,600
Assessed 2024
Previous assessed
$71,600
+0.0% YoY
Effective rate
3.40%
On assessed value
Total market value
$143,200
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
3,600 SF
Lot
0.65 ac (28,183 SF)
Zoning code
VILLAGE
APN
80-44-456-004-00
UPID
US43-2031522
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
1975
Heating
NONE
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Jasvir Singh Sandhu
Individual
Free & Clear · 4 yrs held
Mailing address
41963 M 43, PAW PAW, MI 49079-9637
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
—
Jasvir Singh Sandhu
Jnsn LLC
Land Contract
—
Mar 30, 2020
$712,000
Jnsn LLC
Baljinder Kaur
Warranty Deed
—
Jun 21, 2016
—
Jnsn LLC
Baljinder Kaur
Land Contract
—
Apr 2, 2015
$195,000
Baljinder Kaur
Andrew J Przybocki
Warranty Deed
$103,200 · Chemical Bank
May 8, 2009
$230,000
Andrew J Przybocki
Susan J Martin Doyle
Warranty Deed
$145,000 · Chemical Bank
May 8, 2006
—
Andrew J Przybocki
Susan J Martin Doyle
Land Contract
—
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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