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    Horse Facility Agricultural Land Title is generated by Realmo AI

    VL Flower Road, Montague, MI 49437

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    Claim this Listing
    New
    For Sale
    $499,000

    LAND - Montague, MI

    Lot size:
    40.00 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for VL Flower Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    016-034-400-02
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    WD-L2003P12867 SEC 34 T13N R18W. 40 A NE 1/4 OF SE 1/4. PA 260 IN 2004 - L2004P38269
    Tax Annual Amount
    2114

    Utilities

    Utilities
    Phone Available

    We can help!

    Listing Contact
    Kristine Marie Stariha

    Listing agent Kristine Marie Stariha License #6501443516

    Listing office Five Star Real Estate - Hart 109 E Main St Ste 1, Hart, MI

    Listing date Jun 5, 2026

    MLS# 26027553 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.

    HighLights

    • 40‑acre operational horse facility near Lake Michigan
    • 2003 barn facility with 4 walk‑out stalls, two box stalls, tack room, and feed/supplies storage plus barn office
    • 72' x 120' clear‑span Winkler indoor arena for year‑round riding/training
    • Fenced pastures with electromagnetic timed gates, automatic waterer, and run‑in shed
    • Additional 30' x 60' clear‑span storage barn
    • Tillable acreage is leased for the season for hay/crop production; utilities include phone available

    Overview

    This 40-acre property is an operational horse facility built around a 2003 barn with a hoop-style configuration and an indoor riding space. Improvements include a hoop-style horse barn with four walk-out stalls and two box stalls, plus a tack room, feed and supplies storage, and a barn office. The site also features an indoor arena described as a 72' x 120' clear-span Winkler arena designed for year-round riding and training, along with an additional 30' x 60' clear-span storage barn.

    The pastures are fenced and set up for turnout scheduling, with electromagnetic timed gates and an automatic waterer, complemented by a run-in shed. The property includes tillable acreage that is leased for the season, supporting hay or crop production use.

    With existing infrastructure for animals and day-to-day operations, the property may fit buyers looking for an equine or livestock use with built-in housing and storage, as well as those interested in maintaining the current pasture and seasonal tillable arrangements. The configuration supports onsite management for feeding, tack, and training within the enclosed arena, while also providing additional storage capacity for equipment and supplies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Montague
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.3736
    Latitude
    43.4421

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    FAQs

    What type of property is this?
    Horse & equestrian property - 40-acre fenced horse facility with indoor arena and storage barns, ready for equine or livestock operations.
    Where is this horse & equestrian property located?
    The property is located at VL Flower Road Montague, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 40‑acre operational horse facility near Lake Michigan; 2003 barn facility with 4 walk‑out stalls, two box stalls, tack room, and feed/supplies storage plus barn office; 72' x 120' clear‑span Winkler indoor arena for year‑round riding/training
    (231) 301-0059
    We can help!
    Listing Contact
    Kristine Marie Stariha
    Real Estate License ID: 6501443516
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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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