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

    VL Lot 3 S Carr Road Fruitport, MI 49415

    View on Map
    Picture of Land at VL Lot 3 S Carr Road, Fruitport, MI
    Pending
    $70,000

    LAND - Fruitport, MI

    Lot size:
    3.77 Acres
    Added:
    Jul 25, 2025
    Days on Market:
    253
    Last Refresh:
    Apr 3 at 5:06 am

    Property Features for VL Lot 3 S Carr Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    3.77 Acres

    Taxes and HOA fees

    TaxYear
    2024

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Steven A Pettit
    Steven A Pettit

    Listing agent Steven A Pettit

    Listing office Keller Williams GR East 1555 Arboretum Dr. SE Ste 101, Grand Rapids, MI

    Listing date Jul 25, 2025

    MLS# 25037176 Listing URL

    Copyright © 2025 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

    Fruitport Land Build Site

    This 3.77-acre parcel of land is partially wooded and suitable as a build site. The property is a proposed split that is pending municipal approval and is located in Fruitport, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Dental Office Daycare Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Fruitport
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.127377
    Latitude
    43.183646

    Nearby Similar for Sale

    • $459,000
      2,184 SF

      Former Restaurant Building For Sale

      Former landmark restaurant with drive-through in Fruitport, Michigan.
      376 N 3rd Avenue, Fruitport, MI 49415
      View Details
    • $400,000
      3,104 SF

      Commercial Building with Residential Home

      Commercial building with office suites and residential home.
      Fruitport, MI 49415
      View Details
    • $840,000

      84.76 Acres Blueberry Farm Land

      84.76 acres of land in Fruitport, MI, blueberry farms.
      E Mount Garfield Road, Fruitport, MI 49415
      View Details
    • $99,900

      5 Acres in Fruitport, MI

      5-acre parcel perfect for a custom home or recreation.
      5371 Jensen Road, Fruitport, MI 49415
      View Details
    • $499,900

      40 Acres Blueberry Farm Land

      40.16 acres of productive agricultural land in Fruitport, Michigan.
      130th Avenue, Fruitport, MI 49415
      View Details
    • $236,000
      1,440 SF

      Fruitport Commercial Shop Development

      Commercial shop units for sale or lease in Fruitport.
      5694 Airline Road unit: A1, Fruitport, MI 49415
      View Details
    • $27,000

      Corner Lot Building Site

      Beautiful wooded corner lot in Fruitport Village with city water.
      414 PARK STREET, FRUITPORT, MI 49415
      View Details
    • $1,249,000

      40-Acre Blueberry Farm with Buildings

      40-acre Fruitport, MI blueberry farm with processing and storage buildings.
      6080 Jensen Road, Fruitport, MI 49415
      View Details
    • $349,900

      Secluded Wooded Land in Fruitport

      30-acre wooded parcel with pond near downtown Fruitport, Michigan.
      E Pontaluna Road, Fruitport, MI 49415
      View Details
    • $69,900

      Vacant Land in Fruitport, MI

      Over 2 acre vacant land parcel in Fruitport, Michigan.
      Apple Drive, Fruitport, MI 49415
      View Details
    • $379,000

      Fruitport Development Land Near I-96

      18 acres of commercial development land near I-96 in Fruitport.
      VL Farr Road, Fruitport, MI 49415
      View Details
    • $27,000

      Fruitport Land Building Site

      Corner lot building site in Fruitport Village with city water.
      414 Park Street, Fruitport, MI 49415
      View Details

    FAQs

    What type of property is this?
    Land - 3.77 acres of partially wooded land, perfect for building.
    Where is this land located?
    The property is located at VL Lot 3 S Carr Road Fruitport, MI.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: 3.77 acre build site; Partially wooded land; Proposed split (pending municipal approval)
    (616) 504-6674
    We can help!
    Listing Contact
    Steven A Pettit
    Steven A Pettit
    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!