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    Commercial Opportunity Near Dragon Trail Title is generated by Realmo AI

    6381 E 36th Street, White Cloud, MI 49349

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    Pending
    $249,900

    COMMERCIAL - White Cloud, MI

    Property size:
    1,492 SF
    Lot size:
    1.13 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    58
    Last Refresh:
    May 12 at 8:06 am

    Property Features for 6381 E 36th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Pending
    APN
    16-29-278-010
    Size
    1,492 SF
    Lot size
    1.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    E 250 FT OF S 210 FT OF NE1/4 EXC PAR CONVEYED TO NEWAYGO CO FOR CLEAR VISION AREA. SEC 29, T13N R11W
    Tax Annual Amount
    2625

    Utilities

    Utilities
    Propane
    Heating system
    Baseboard
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Mark Deering
    Mark Deering

    Listing agent Mark Deering License #6501286088

    Listing office RE/MAX United (Main) 28 N Monroe, Rockford, MI

    Listing date Mar 16, 2026

    MLS# 26010078

    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.

    HighLights

    • Located in the Hardy Dam area, a popular destination.
    • Benefits from the Dragon Trail, named the Best New Backcountry Trail of 2024, attracting approximately 100,000 annual visitors.
    • Presents a prime investment opportunity due to the increasing demand for local services.
    • Ideal location for businesses such as coffee shops or adventure gear outposts catering to a high‑spending recreational audience.
    • Property includes central air and baseboard heating.
    • The building was constructed in 1999 and features vinyl siding.

    Overview

    This commercial property is located in Big Prairie Township, near the Hardy Dam area, a popular destination for boating, hunting, fishing, and off-roading. The property is situated in close proximity to the Dragon Trail, which has seen a surge of approximately 100,000 annual visitors. The property offers an opportunity for various business ventures, such as a coffee shop, brew house, deli, or adventure gear outpost. The property is 1492 square feet in size and sits on a 1.13-acre lot. It is located in White Cloud, Michigan, within Newaygo County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dam Suite Inn Hotel & Motel

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Grocery & Convenience Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bed & Breakfast Carpet & Flooring Store Nursing Home Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    White Cloud
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.6427809
    Latitude
    43.4902266

    Nearby Similar for Sale

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    • $199,000
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      Turn-Key Restaurant Opportunity

      Free-standing restaurant with drive-up, liquor license, and ample parking.
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    • $150,000
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      Free-Standing Retail Smoke Shop

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    FAQs

    What type of property is this?
    Retail space - Retail space near Hardy Dam and the Dragon Trail.
    Where is this retail space located?
    The property is located at 6381 E 36th Street White Cloud, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Located in the Hardy Dam area, a popular destination.; Benefits from the Dragon Trail, named the Best New Backcountry Trail of 2024, attracting approximately 100,000 annual visitors.; Presents a prime investment opportunity due to the increasing demand for local services.
    (616) 292-6215
    We can help!
    Listing Contact
    Mark Deering
    Mark Deering
    Real Estate License ID: 6501286088
    Learn More
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    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.

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