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    For Sale (25)

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    Wooded Acreage with Pond Frontage
    $245,000
    12.17 Acres

    Wooded Acreage with Pond Frontage

    12.17 acres ideal for hunting or building a home.

    22903 Waterwheel Dr, Pierson, MI 49339
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    Wooded Acreage Ideal for Hunting
    $220,000
    9.77 Acres

    Wooded Acreage Ideal for Hunting

    9.77 acres suitable for hunting or residential development.

    22903 Waterwheel Dr, Pierson, MI 49339
    View details
    Industrial Land Near M46
    $189,900
    4.65 Acres

    Industrial Land Near M46

    4.65 acres of vacant industrial land in Cedar Springs.

    13880 Northern Springs Dr NE, Cedar Springs, MI 49319
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    Fenced 15-Acre Versatile Land
    $189,000
    15.07 Acres

    Fenced 15-Acre Versatile Land

    15-acre fenced property with upgraded barn and utilities.

    6080 W 104Th St, Fremont, MI 49412
    View details
    Trufant, MI 10-Acre Wooded Retreat
    $150,000
    10.03 Acres

    Trufant, MI 10-Acre Wooded Retreat

    10-acre wooded property in Trufant, MI, perfect for recreation.

    Parcel B Youngman Rd, Trufant, MI 49347
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    Trufant, MI Wooded 10 Acres
    $150,000
    10.14 Acres

    Trufant, MI Wooded 10 Acres

    10 acre wooded land perfect for recreation or building.

    W Willard Rd, Trufant, MI 49347
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    Trufant, MI Wooded Land
    $150,000
    10.03 Acres

    Trufant, MI Wooded Land

    10 acre wooded property perfect for recreation or building.

    Parcel C Youngman Rd, Trufant, MI 49347
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    Trufant, Michigan Wooded 10-Acre Retreat
    $150,000
    10.03 Acres

    Trufant, Michigan Wooded 10-Acre Retreat

    10-acre wooded property perfect for recreation or building.

    Parcel A Youngman Rd, Trufant, MI 49347
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    Trufant, MI Wooded 10 Acres
    $150,000
    10.21 Acres

    Trufant, MI Wooded 10 Acres

    10+ acre wooded land perfect for recreation or building.

    Parcel F Willard Rd, Trufant, MI 49347
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    Trufant, MI Wooded 10 Acres
    $150,000
    10.03 Acres

    Trufant, MI Wooded 10 Acres

    10 acre wooded land perfect for recreation or building.

    Parcel D Youngman Rd, Trufant, MI 49347
    View details
    Lakefront Lot on Big Pine
    $365,000
    1.10 Acres

    Lakefront Lot on Big Pine

    1.1 acre lot with 161' water frontage on Big Pine.

    12543 Woodland Park Dr NE, Belding, MI 48809
    View details
    Updated Multifamily Home in Muskegon
    $199,900
    0.17 Acres

    Updated Multifamily Home in Muskegon

    Multifamily home with updates, ideal for investors or owner-occupants.

    1514 6Th St, Muskegon, MI 49441
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    20 Acres Backing State Land
    $145,000
    19.85 Acres

    20 Acres Backing State Land

    20 acres in Branch, MI, backs to state land.

    3077 S Tyndall Rd, Branch, MI 49402
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    Kentwood Land Ready For Development
    $180,000
    0.52 Acres

    Kentwood Land Ready For Development

    Development-ready land in Kentwood with utilities on site.

    2918 32Nd St SE, Kentwood, MI 49512
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    5.7 Acre Lot in Cedar Springs
    $249,900
    5.70 Acres

    5.7 Acre Lot in Cedar Springs

    Build your dream home on this beautiful 5.7-acre lot.

    3498 Braeburn Orch Dr NE, Cedar Springs, MI 49319
    View details
    Victorian Home Near Downtown Alma
    $435,000
    4,766 SF

    Victorian Home Near Downtown Alma

    Large updated Victorian with potential for various business opportunities.

    623 N State St, Alma, MI 48801
    View details
    Prime Corner Commercial Lot
    $299,000
    0.55 Acres

    Prime Corner Commercial Lot

    0.55 acre corner lot ready for redevelopment in Greenville, MI.

    100 W Marks St, Greenville, MI 48838
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    Greenville Commercial Property for Redevelopment
    $599,000
    1,320 SF

    Greenville Commercial Property for Redevelopment

    1.4-acre commercial property with redevelopment potential and existing rental units.

    109 S Greenville Dr W, Greenville, MI 48838
    View details
    Ada Township Wooded Land Parcel
    $329,000
    2.50 Acres

    Ada Township Wooded Land Parcel

    2.5-acre wooded parcel in Ada Township, build your dream home.

    8771 Bailey Dr NE, Ada, MI 49301
    View details
    Rockford Buildable Lot with Hardwoods
    $149,000
    2.22 Acres

    Rockford Buildable Lot with Hardwoods

    2+ acre lot with hardwoods, views, privacy, convenient location.

    11355 Angel Wood Dr NE, Rockford, MI 49341
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    Rockford Buildable Lot in Angel Woods
    $159,000
    2.15 Acres

    Rockford Buildable Lot in Angel Woods

    2+ acre buildable walkout lot in Angel Woods.

    11333 Angel Wood Dr NE, Rockford, MI 49341
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    Rockford Buildable Lot in Angel Woods
    $139,000
    2.26 Acres

    Rockford Buildable Lot in Angel Woods

    2+ acre buildable lot with hardwoods and nature views.

    11377 Angel Wood Dr NE, Rockford, MI 49341
    View details
    Rockford Land in Angel Woods
    $169,000
    2.36 Acres

    Rockford Land in Angel Woods

    Exclusive 2+ acre buildable lot in Angel Woods.

    11311 Angel Wood Dr NE, Rockford, MI 49341
    View details
    Norton Shores Buildable Vacant Land
    $125,000
    0.69 Acres

    Norton Shores Buildable Vacant Land

    Vacant lot in Norton Shores with utilities at the road.

    2874 Mcdermott St, Norton Shores, MI 49444
    View details
    Land For Sale Holland
    $212,500

    Land For Sale Holland

    Land available at the corner of 40th Street and Lincoln.

    980 Lincoln Ave, Holland, MI 49423
    View details

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    616 Realty LLC
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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
    616 Realty LLC
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