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    For Sale (20)

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    Vacant Land in Stanton, MI
    Contact for pricing
    1.50 Acres

    Vacant Land in Stanton, MI

    1.5-acre vacant parcel suitable for various uses.

    E Main St, Stanton, MI 48888
    View details
    Residential Land in Grand Rapids
    $169,900
    2.72 Acres

    Residential Land in Grand Rapids

    Wooded building site in Grandville School District.

    2 Markridge Dr, Grand Rapids, MI 49534
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    Level Lot in Onekama, MI
    $39,000
    0.27 Acres

    Level Lot in Onekama, MI

    Level lot walkable to Portage Lake and downtown Onekama.

    Mill St, Onekama, MI 49675
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    Mixed-Use Property with Detached Garage
    $524,900
    3,000 SF

    Mixed-Use Property with Detached Garage

    Mix-use property with commercial building, home, and detached garage.

    25/29 S Greenville Rd, Greenville, MI 48838
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    Waterfront Land in Stanton, MI
    $53,000
    0.41 Acres

    Waterfront Land in Stanton, MI

    Vacant lot with lake access near Clifford and Dickerson Lakes.

    W Shore Dr, Stanton, MI 48888
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    LAND - Ionia, MI
    Contact for pricing
    0.66 Acres

    LAND - Ionia, MI

    Residential land & home lots • 0.66 Acres

    Hosford Dr, Ionia, MI 48846
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    Solid Duplex with Rental History
    $159,900
    0.26 Acres

    Solid Duplex with Rental History

    Two-unit property with a history of successful rentals.

    532 W Sherman St, Carson City, MI 48811
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    Commercial Land in Stanton, MI
    $44,995
    1.60 Acres

    Commercial Land in Stanton, MI

    Undeveloped 1.6-acre commercial lot in high-traffic area.

    5 S State St, Stanton, MI 48888
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    Established Auto Business on One Acre
    $799,000
    3,750 SF

    Established Auto Business on One Acre

    Turnkey auto glass and siding business on a one-acre lot.

    106 S State St, Stanton, MI 48888
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    Residential Land in Stanton, MI
    Contact for pricing
    2.50 Acres

    Residential Land in Stanton, MI

    2.5-acre residential parcel ready for development in Stanton, MI.

    S Grv Lot 3 St, Stanton, MI 48888
    View details
    Greenville Vacant Land For Sale
    $159,000
    8.15 Acres

    Greenville Vacant Land For Sale

    8.15 acre vacant land perfect for building, hunting & recreation.

    W County Line Rd, Greenville, MI 48838
    View details
    Turnkey Office Building in Muskegon
    $174,900
    6,027 SF

    Turnkey Office Building in Muskegon

    6,027 SF office building with furniture and ample parking.

    1170 W Southern Ave, Muskegon, MI 49441
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    Established Auto Service Business
    $224,900

    Established Auto Service Business

    Turn-key oil change business for sale with loyal customer base.

    Grand Rpd, Grand Rapids, MI 49501
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    Industrial Land Near Grand Rapids
    $999,900
    26.47 Acres

    Industrial Land Near Grand Rapids

    26.47 acres of industrial land with highway access.

    3511 3 Mile Rd NW, Grand Rapids, MI 49534
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    Renovated Triplex on Portage Lake
    $1,099,000
    0.21 Acres

    Renovated Triplex on Portage Lake

    Income-generating, renovated triplex with private dock on Portage Lake.

    4642 Main St, Onekama, MI 49675
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    Turnkey Oil Change Business in Walker, MI
    $1,100,000
    0.43 Acres

    Turnkey Oil Change Business in Walker, MI

    Established Business, High Traffic Location, Great ROI

    2241 Alpine Ave, Walker, MI 49544
    View details
    Greenville Mixed-Use Investment Opportunity
    $620,000
    4,650 SF

    Greenville Mixed-Use Investment Opportunity

    High-traffic corner lot, multiple income streams.

    25/29 Greenville Rd, Greenville, MI 48838
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    Greenville Mixed-Use Investment Opportunity
    $620,000
    4,650 SF

    Greenville Mixed-Use Investment Opportunity

    Prime Greenville location, multi-unit potential.

    Greenville Rd, Greenville, MI 48838
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    Retail Space in Kroger Center
    Contact for pricing

    Retail Space in Kroger Center

    Retail spaces available in Kroger-anchored shopping center in Howell, MI.

    118-138 Highland Rd, Howell, MI 48843
    View details
    Solid Duplex with Rental History
    $159,900

    Solid Duplex with Rental History

    Two-unit property with rental history, ideal for investment.

    532 W Sherman St, Carson City, MI 48811
    View details

    For Lease (2)

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    Remodeled Retail/Office Space Available
    $13 SF/Yr
    4,000 SF

    Remodeled Retail/Office Space Available

    Remodeled commercial space near GVSU, ideal for retail or office.

    4163 Lake Michigan Dr NW, Grand Rapids, MI 49534
    View details
    Stand-Alone Building in High-Traffic Area
    $1,744 / Mo
    1,520 SF

    Stand-Alone Building in High-Traffic Area

    Stand-alone building with high visibility and convenient parking.

    4110 Lake Michigan Dr NW, Grand Rapids, MI 49534
    View details

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    Five Star Real Estate (Jenison)
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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
    Five Star Real Estate (Jenison)
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