Add Listing
    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

    8040 S Backus Road Greenville, MI 48838

    View on Map
    Claim this Listing
    For Sale
    $59,900

    LAND - Greenville, MI

    Lot size:
    0.46 Acres
    Added:
    Oct 28, 2025
    Days on Market:
    170
    Last Refresh:
    Apr 15 at 1:06 am

    Property Features for 8040 S Backus Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    008-340-004-00
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 4, KING'S ACRES. 2/15/05 LOT 5 SPLIT TO 340-005-00
    Tax Annual Amount
    6822

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Chuck Ames

    Listing agent Chuck Ames License #6506047204

    Listing office Century 21 White House Realty 10060 Buchanan Road, Stanwood, MI

    Listing date Oct 28, 2025

    MLS# 25055193 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

    Residential Land Near Greenville

    This 0.46-acre parcel of land is located just outside the Greenville city limits. The level lot has been cleared and is situated on a paved road, providing convenient access to downtown Greenville, which is only minutes away. Glenkerry Golf Course is also located nearby. The property offers a blend of country living with accessibility to Grand Rapids and surrounding areas. Electric and natural gas utilities are available at the street. This property is located at 8040 S Backus Road, Greenville, MI 48838.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Montcalm
    State
    Michigan
    Longitude
    -85.223864
    Latitude
    43.176785

    Nearby Similar for Sale

    • $1,200,000
      9,264 SF

      Greenville Warehouse on 2.65 Acres

      Commercial warehouse on 2.65 acres with income potential.
      14000 14 Mile Road NE, Greenville, MI 48838
      View Details
    • $900,000
      3,225 SF

      Established Business with Growth Potential

      Turn-key business opportunity with real estate and expansion potential.
      14100 Old 14 Mile Road NE, Greenville, MI 48838
      View Details
    • $799,900
      2,800 SF

      Greenville Commercial Building on M57

      2800 sqft commercial building on 2.39 acres.
      10606 W Carson City Road, Greenville, MI 48838
      View Details
    • $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 Road, Greenville, MI 48838
      View Details
    • $975,000
      21,000 SF

      Versatile Retail and Commercial Building

      21,000 sq ft retail, office, and warehouse space.
      421 N Lafayette Street, Greenville, MI 48838
      View Details
    • $299,000

      Prime Corner Commercial Lot

      0.55 acre corner lot ready for redevelopment in Greenville, MI.
      100 W Marks Street, Greenville, MI 48838
      View Details
    • $665,000

      66 Acres Development Opportunity

      66-acre parcel suitable for residential, commercial, or green energy development.
      6325 S Greenville Road, Greenville, MI 48838
      View Details
    • $399,900

      Burgess Lake Frontage Land

      Land with 150 feet of frontage on Pristine Burgess Lake.
      371 Burgess Lake Road, Greenville, MI 48838
      View Details
    • $250,000

      Commercial Land on M-57

      1.8 acres of vacant commercial land on high-traffic M-57.
      V/L 14100 14 Mile Road NE, Greenville, MI 48838
      View Details
    • $230,000
      1,997 SF

      Downtown Greenville Mixed-Use Property

      Versatile mixed-use property in downtown Greenville, suitable for various ventures.
      200 W Washington Street, Greenville, MI 48838
      View Details
    • $265,000

      Greenville Multifamily Investment Opportunity

      Three-unit multifamily property in Greenville with income potential.
      120 E Montcalm Street, Greenville, MI 48838
      View Details
    • $79,000

      8.48 Acres of Wooded Land

      8.48 acres of wooded land northwest of Greenville, MI.
      4311 S Youngman Road, Greenville, MI 48838
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared 0.46-acre parcel ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at 8040 S Backus Road Greenville, MI.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Minutes from downtown Greenville.; Shovel‑ready 0.46‑acre level, cleared parcel.; Electric and natural gas available at the street.
    (616) 890-9346
    We can help!
    Listing Contact
    Chuck Ames
    Real Estate License ID: 6506047204
    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!