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    Lisa Lightfoot, Fremont, MI

    License ID: 6506043508
    Years of Experience
    27
    Association
    Grand Rapids Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (231) 250-1161

    Property Types

    • Commercial Sale
    • Land
    • Residential
    • Residential Multi Family

    Performance

    Listings
    17
    Total transactions
    358
    Total transactions amount
    $55M
    Price range
    $12.9k - 455k
    Average price
    $154k

    Listings

    For Sale (17)

    View map
    • $59,900
      2.12 Acres

      Prime Building Site in Grant

      2+ acre shovel-ready lot with driveway in Grant School District.
      2308 W 112Th St, Grant, MI 49327
      View Details
    • $79,900
      Pending

      Grant, MI Building Site

      Prime 4.14 acre building site in Grant School District.
      2119 W 116Th St, Grant, MI 49327
      View Details
    • $79,900
      Pending

      Land in Grant School District

      4.14 acre building site with driveway, creek, and pond.
      2119 W 116Th St, Grant, MI 49327
      View Details
    • $59,900
      2.12 Acres

      Grant, MI Building Site

      Prime 2.12-acre building site in Grant School District.
      2308 W 112Th St, Grant, MI 49327
      View Details
    • $99,900
      1.20 Acres

      Highway Frontage Redevelopment Opportunity

      Commercial land with highway frontage, ideal for redevelopment.
      103 N Charles St, White Cloud, MI 49349
      View Details
    • $30,000
      0.50 Acres

      Half-Acre Lot in Grant, MI

      Half-acre partially wooded lot, ideal for custom build or business.
      S Mason Dr, Grant, MI 49327
      View Details
    • $225,000
      Pending

      40 Acres of Farmland

      Prime farmland ideal for agriculture or custom home development.
      W 112Th St, Grant, MI 49327
      View Details
    • $40,000
      Pending

      Sprawling Corner Lot for Estate

      1.13-acre corner lot near town, ideal for custom estate.
      272 E Dutch Ml St, Grant, MI 49327
      View Details
    • $80,000
      4.77 Acres

      Wooded Land Parcel For Sale

      4.77 acres of wooded land, ideal for building.
      E Meinert Rd, Holton, MI 49425
      View Details
    • $40,000
      Pending

      Sprawling Corner Lot in Grant

      1.13-acre corner lot near town with development potential.
      272 E Dutch Ml St, Grant, MI 49327
      View Details
    • $80,000
      4.77 Acres

      Wooded Land in Holton, MI

      4.77 acres of wooded land, ideal for building.
      E Meinert Rd, Holton, MI 49425
      View Details
    • $210,000
      4,000 SF

      Downtown Grant Commercial Property

      Commercial property in downtown Grant with quality finished space.
      71 S Front St, Grant, MI 49327
      View Details
    • $30,000
      0.50 Acres

      LAND - Grant, MI

      Land
      S Mason Dr, Grant, MI 49327
      View Details
    • $349,000
      2,100 SF

      Remodeled Retail Space on Front Street

      Move-in ready retail space with excellent visibility and in-town convenience.
      75 S Front St, Grant, MI 49327
      View Details
    • $161,900
      2,239 SF

      Remodeled Mixed-Use Property, White Cloud

      Move-in-ready commercial and residential space in high-traffic area.
      1099 E Wilcox Ave, White Cloud, MI 49349
      View Details
    • $225,000
      Pending

      40 Acres of Prime Farmland

      Expansive 40-acre parcel ideal for agriculture or custom home.
      W 112Th St, Grant, MI 49327
      View Details
    • Contact for pricing

      Remodeled Commercial Building in Baldwin

      Remodeled commercial building in thriving Baldwin location, ideal for retail.
      879 Michigan Ave, Baldwin, MI 49304
      View Details

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    Lisa Lightfoot, Fremont, MI
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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.

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