Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Silver Lake Title is generated by Realmo AI

    4983 Fox, Mears, MI 49436

    View on Map
    Claim this Listing
    For Sale
    $60,000

    Building site close to Silver Lake and Hart-Montague Rail Trail.

    Type:Land / Acreage
    Property size:
    121,532 SF
    Lot size:
    2.79 Acres
    Price / SF:
    $0.49/SF
    Added:
    Sep 28, 2017
    Days on Market:
    3171
    Last Refresh:
    Mar 17 at 2:15 am

    Property Features for 4983 Fox

    General Information

    Standard status
    Active
    Size
    121,532 SF
    Lot size
    2.79 Acres
    Property subtype
    Land / Acreage

    We can help!

    Listing Contact
    Tim Horton
    Tim Horton

    Listing agent Tim Horton License #6501258127

    Listing office Wickstra Realty, Inc.

    Listing date Sep 28, 2017

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Wickstra Realty, Inc.

    HighLights

    • Close proximity to Silver Lake.
    • Abuts the Hart‑Montague Rail Trail.
    • Building site ready for development.
    • Paved, public street access.
    • Sellers are state of Michigan licensed Realtors.
    • No bathrooms currently on the property.

    Overview

    This is a building site located close to Silver Lake and adjacent to the Hart-Montague Rail Trail. The property has a size of 121532 square feet.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Department Store Grocery & Convenience Store Storage Facility Grocery & Convenience Store Car Rental Facility Restaurant Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mears
    County
    Oceana
    State
    Michigan
    Longitude
    -86.406787
    Latitude
    43.683837

    Nearby Similar for Sale

    • $2,300,000
      5,500 SF

      Established Store Near Silver Lake

      Long-standing store in high-traffic area near Silver Lake State Park.
      8587 Silver Lake Road, Mears, MI 49436
      View Details
    • $2,300,000
      5,500 SF

      Silver Lake Staple Retail Store

      Established retail store in high-traffic Silver Lake location.
      8587 W Silver Lake Road, Mears, MI 49436
      View Details
    • $199,000

      Lake Michigan Building Site Opportunity

      Land with shared Lake Michigan frontage near Pentwater and Silver Lake.
      4674 N Lakeshore Drive, Mears, MI 49436
      View Details
    • $179,000

      Land with Lake Michigan Access

      Generous lot with deeded Lake Michigan access and building options.
      N SILVER RIDGE ROAD, MEARS, MI 49436
      View Details
    • $179,000

      Land with Lake Michigan Access

      Generous lot with deeded Lake Michigan access and building options.
      N Silver Ridge Road, Mears, MI 49436
      View Details
    • $190,900

      Waterfront Land on Lake Holiday

      1.81 acre waterfront parcel on private Lake Holiday.
      N 34th Avenue, Mears, MI 49436
      View Details
    • $199,900

      Lake Michigan View Acreage

      Wooded parcel with deeded lake access and panoramic views.
      LOT 11 SILVER RIDGE ROAD, MEARS, MI 49436
      View Details
    • $185,000

      Land with Breathtaking Lake Views

      2.3 acre lot with views of Lake Michigan and dunes.
      Silver Vista lot: A, Mears, MI 49436
      View Details
    • $185,000

      Land with Breathtaking Lake Views

      2.3 acre lot with views of Lake Michigan and dunes.
      Silver Vista lot: B, Mears, MI 49436
      View Details
    • $115,000

      Land with Breathtaking Lake Views

      2.3 acre lot with views of Lake Michigan and dunes.
      Silver Vista lot: C, Mears, MI 49436
      View Details
    • $70,000

      Vacant Land in Golden Township

      2+ acre lot near Lake Michigan and Silver Lake Dunes.
      2707 N 48th Avenue, Mears, MI 49436
      View Details
    • $260,000

      West Michigan Hunting and Recreation

      24 acres with pond and hunting shack near Lake Michigan.
      24 Acres 56th Ave, Mears, MI 49436
      View Details

    FAQs

    What type of property is this?
    Land - Building site close to Silver Lake and Hart-Montague Rail Trail.
    Where is this land located?
    The property is located at 4983 Fox Mears, MI.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Close proximity to Silver Lake.; Abuts the Hart‑Montague Rail Trail.; Building site ready for development.
    (231) 578-1138
    We can help!
    Listing Contact
    Tim Horton
    Tim Horton
    Real Estate License ID: 6501258127
    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

    Thank You for Inquiry
    4983 Fox, Mears, MI 49436
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!