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    For Sale (16)

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    Land Parcel in Saugatuck Township
    $125,000
    4.89 Acres

    Land Parcel in Saugatuck Township

    4.9-acre parcel near downtown Saugatuck and Lake Michigan beaches.

    126th/63rd Cor, Fennville, MI 49408
    View details
    Ludington Bluffside Retreat Opportunity
    $474,999
    2.57 Acres

    Ludington Bluffside Retreat Opportunity

    2.56-acre parcel with private beach access in Ludington, MI.

    2989 S Lakeshore Dr, Ludington, MI 49431
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    Mount Pleasant Multi-Family Opportunity
    $230,000
    0.24 Acres

    Mount Pleasant Multi-Family Opportunity

    Income-generating duplex with easy-living features and strong community appeal.

    715-717 N Bradley St, Mount Pleasant, MI 48858
    View details
    Grand Haven Buildable Homesite
    $350,000
    0.17 Acres

    Grand Haven Buildable Homesite

    Luxury homesite with Grand River access and dock rights.

    411 Gidley Cir, Grand Haven, MI 49417
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    Norton Shores Land Opportunity
    $249,900
    8.92 Acres

    Norton Shores Land Opportunity

    9.2 acre sanctuary in Mona Shores school district.

    5579 Martin Rd, Norton Shores, MI 49441
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    2.5 Acre Wooded Lot
    $135,000
    2.50 Acres

    2.5 Acre Wooded Lot

    Private 2.5-acre wooded lot ideal for custom home.

    62nd A St, Holland, MI 49423
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    Spacious Land Parcel in Muskegon
    $540,000
    39.00 Acres

    Spacious Land Parcel in Muskegon

    39-acre parcel near lakes, ideal for development or dream home.

    N Buys Rd, Muskegon, MI 49445
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    Versatile Commercial Building in Muskegon
    $549,900
    16,488 SF

    Versatile Commercial Building in Muskegon

    16,488 SF commercial building suitable for retail, events, warehousing.

    3367 Hoyt St, Muskegon, MI 49444
    View details
    Restaurant Opportunity Near Seaway Drive
    $99,900
    0.13 Acres

    Restaurant Opportunity Near Seaway Drive

    Remodeled restaurant space with high visibility and accessibility features.

    3232 Glade St, Muskegon, MI 49444
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    Waterfront Land on Kalamazoo River
    $150,000
    1.58 Acres

    Waterfront Land on Kalamazoo River

    1.58 acres to build your dream waterfront home.

    Vl Brg Rd, Allegan, MI 49010
    View details
    Saddle Lake Waterfront Land
    $150,000
    8.87 Acres

    Saddle Lake Waterfront Land

    8.5+ acre waterfront property on all-sports Saddle Lake.

    51957 Silver Lake Rd, Grand Junction, MI 49056
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    Lake Allegan Waterfront Land
    $159,900
    1.13 Acres

    Lake Allegan Waterfront Land

    1.13 acre waterfront lot with 103 feet of frontage.

    Monroe Rd, Allegan, MI 49010
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    Restaurant Building For Sale
    $99,900

    Restaurant Building For Sale

    Remodeled restaurant building with excellent visibility and accessibility.

    3232 Glade St, Muskegon, MI 49444
    View details
    Updated Condo in Downtown Holland
    $400,000
    1,322 SF

    Updated Condo in Downtown Holland

    Spacious, updated condo with parking in vibrant downtown Holland.

    29 E 6Th St, Holland, MI 49423
    View details
    RV Site in Whiskey Creek
    Contact for pricing
    11,152 SF

    RV Site in Whiskey Creek

    RV site with barn, deck, and community amenities.

    6356 South Outer Loop Dr, Custer, MI 49405
    View details
    Land for Sale
    $474,999

    Land for Sale

    Land available in Mason County.

    2989 S Lakeshore Dr, Ludington, MI 49431
    View details

    For Lease (1)

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    Grand Rapids Restaurant Ready Space
    $17 SF/Yr
    2,480 SF

    Grand Rapids Restaurant Ready Space

    Fully built-out restaurant space within a busy, well-established hotel.

    6569 Clay Ave SW, Grand Rapids, MI 49548
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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