Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4520 Ross Dr Benton Harbor, MI 49022

    Sponsored
    For Sale
    $30,000

    LAND - Benton Harbor, MI

    Lot size:
    1.05 Acres
    Days on Market:
    110
    Last Refresh:
    Feb 13 at 5:06 am

    Property Features for 4520 Ross Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11-03-2850-0010-00-3
    Lot size
    1.05 Acres

    Utilities

    Utilities
    Phone Available
    Water front features
    Pond

    We can help!

    Listing Contact
    Gavin A Homer
    Gavin A Homer

    eXp Realty LLC (888) 501-7085

    Listing agent Gavin A Homer (269) 986-6294

    Listing date Oct 27, 2025

    MLS# 25055119

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Buildable Wooded Lot Near Golf

    Lot 10 in Great Hope Estates is a buildable, wooded lot offering extra privacy. The property is located close to Point O' Woods Golf & Country Club. Access to the private association park, featuring a pond and meadow, is located across the street. The association fee is $200 per year, covering park upkeep and road maintenance, including snow removal during the winter. No manufactured homes or homes under 1500 square feet are allowed. Building plans must be approved before construction. The lot is 1.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Food Market Grocery & Convenience Store Bar & Pub Garden Center Electronics & Wireless Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton Harbor
    County
    Berrien
    State
    Michigan
    Longitude
    -86.351812
    Latitude
    42.131298

    Nearby Similar for Sale

    • New
      $678,000
      45,750 SF

      Historic Benton Harbor Mixed-Use Building

      Large mixed-use building in Benton Harbor, ready for restoration.
      93 W Wall St, Benton Harbor, MI 49022
      View Details
    • $397,500
      7,448 SF

      Versatile Commercial Building in Benton Harbor

      Well-maintained 7,448 SF commercial building ideal for various business operations.
      790 Nickerson Ave, Benton Harbor, MI 49022
      View Details
    • New
      $899,900
      17,834 SF

      Benton Harbor Commercial Property For Sale

      High-visibility commercial property with showroom, warehouse, and office spaces.
      2188 M-139, Benton Harbor, MI 49022
      View Details
    • $1,550,000
      20,380 SF

      Mixed-Use Building in Downtown Benton

      Massive mixed-use building with commercial spaces and apartment units.
      209-219 E Main St, Benton Harbor, MI 49022
      View Details
    • $849,900
      6,396 SF

      Benton Harbor Commercial Opportunity

      Turnkey winery and distillery with tasting room lease takeover.
      641 S Crystal Ave, Benton Harbor, MI 49022
      View Details
    • New
      $100,000
      4,160 SF

      Turn-key Commercial Building in Benton

      Updated 4,160 Sq. Ft. commercial building in Benton Harbor.
      1240 Pipestone Rd, Benton Harbor, MI 49022
      View Details
    • New
      $99,999
      0.21 Acres

      Triplex Investment Opportunity

      Three income-producing units with new roof.
      561 Heck Ct, Benton Harbor, MI 49022
      View Details
    • New
      $180,000
      0.20 Acres

      Historic Home with River Views

      Stunning, updated historic home near St. Joe River and Lake
      468 Colfax Ave, Benton Harbor, MI 49022
      View Details
    • $475,000
      11,613 SF

      Benton Harbor Commercial Condo

      Commercial/retail condo with many potential uses in growing area.
      2467 M-139, Benton Harbor, MI 49022
      View Details
    • $39,900
      0.06 Acres

      Benton Harbor Multifamily Opportunity

      Multifamily property near parks and entertainment in Benton Harbor.
      410 Division St, Benton Harbor, MI 49022
      View Details
    • New
      $225,000
      0.79 Acres

      Benton Harbor Multifamily Investment Opportunity

      Four-unit building with potential for additional income.
      180 Emery Ave, Benton Harbor, MI 49022
      View Details
    • $425,000
      10,390 SF

      Napier Avenue Commercial Property

      10,390 SF showroom, office, and storage on Napier Avenue.
      1126 E Napier Ave, Benton Harbor, MI 49022
      View Details

    FAQs

    What type of property is this?
    Land - Wooded lot near golf course with private association park.
    Where is this land located?
    The property is located at 4520 Ross Dr Benton Harbor, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Buildable, wooded lot offers privacy.; - Access to private association park with pond and meadow.; - Close proximity to Point O' Woods Golf & Country Club.
    (269) 986-6294
    Request Owner's contact information
    4520 Ross Dr Benton Harbor, MI 49022
    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.
    4520 Ross Dr
    Benton Harbor, MI 49022
    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
    4520 Ross Dr Benton Harbor, MI 49022
    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

    We can help!
    Listing Contact
    Gavin A Homer
    Gavin A Homer
    Real Estate License ID: 6501438628
    (269) 986-6294
    Learn more
    Google sign-in failed. Please try again or use another login method.