Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2270 Norman Avenue Norton Shores, MI 49441

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Norton Shores, MI

    Lot size:
    0.15 Acres
    Added:
    Mar 30, 2025
    Days on Market:
    380
    Last Refresh:
    Apr 13 at 6:06 am

    Property Features for 2270 Norman Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    61-27-500-005-0021-00
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    CITY OF NORTON SHORES LAKESIDE ADDN LOT 21 BLK 5
    Tax Annual Amount
    237

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Claire Ritter
    Claire Ritter

    Listing agent Claire Ritter

    Listing office Five Star Real Estate 3597 Henry Street Suite 103, Muskegon, MI

    Listing date Mar 30, 2025

    MLS# 25012483 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Lot in Norton Shores

    This level vacant lot is situated in a quiet, established neighborhood in Norton Shores, Michigan. The property is close to schools and Dune Harbor Park. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norton Shores
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.2999804
    Latitude
    43.2029375

    Nearby Similar for Sale

    • $371,000
      3,175 SF

      Established Restaurant in Norton Shores

      Well-established restaurant for sale in Norton Shores, Michigan.
      1971 W Sherman Boulevard, Norton Shores, MI 49441
      View Details
    • $479,900
      2,854 SF

      Norton Shores Office Property For Sale

      2.13 acre office property in prime Norton Shores location.
      4631 S Harvey Street, Norton Shores, MI 49444
      View Details
    • $399,900
      2,184 SF

      Norton Shores Restaurant Opportunity

      Established drive-in restaurant with high traffic location in Norton Shores.
      4221 Grand Haven Road, Norton Shores, MI 49441
      View Details
    • $1,750,000
      15,099 SF

      Industrial Building Near Muskegon Airport

      15,000 SqFt industrial building near major highways and airport.
      851 E Porter Road, Norton Shores, MI 49441
      View Details
    • $35,000

      Norton Shores Vacant Commercial Land

      Vacant land in a fast-growing area near US-31.
      985 E Farr Road, Norton Shores, MI 49444
      View Details
    • $179,000

      Lake Michigan Association Beach Access Land

      Buildable parcel near Lake Michigan with association beach access.
      5043 MARANATHA DRIVE, NORTON SHORES, MI 49441
      View Details
    • $125,000

      Norton Shores Buildable Vacant Land

      Vacant lot in Norton Shores with utilities at the road.
      2874 Mc Dermott Street, Norton Shores, MI 49444
      View Details
    • $379,900

      Norton Shores Cleared Land Parcel

      2+ acre commercial land parcel ready for development in Norton Shores.
      4685 S Harvey Street, Norton Shores, MI 49444
      View Details
    • $500,000
      1,650 SF

      Norton Shores Commercial Building on Land

      Commercial building with land in a busy retail district.
      4895 Harvey Street, Norton Shores, MI 49444
      View Details
    • $525,000

      Norton Shores Commercial Land For Sale

      5.75 acres of retail/commercial zoned land in Norton Shores.
      6561 GRAND HAVEN ROAD, NORTON SHORES, MI 49441
      View Details
    • $500,000
      924 SF

      Commercial Land in Harvey Street Corridor

      2.31 acres of commercial land in Norton Shores, Michigan.
      4835 Harvey Street, Norton Shores, MI 49444
      View Details
    • $250,000

      Norton Shores Land Near Black Lake

      Wooded land near Little Black Lake, ideal for building.
      7087 Black Lake Road, Norton Shores, MI 49444
      View Details

    FAQs

    What type of property is this?
    Land - Level vacant lot in a quiet, established Norton Shores neighborhood.
    Where is this land located?
    The property is located at 2270 Norman Avenue Norton Shores, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Level vacant lot ready for development.; Located in a quiet, established neighborhood.; Close proximity to schools.
    (231) 769-0981
    We can help!
    Listing Contact
    Claire Ritter
    Claire Ritter
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!