Sign Up Successful!
You now have access to more from Realmo!
    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

    W White Lake Dr Whitehall, MI 49461

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    19 acres of commercial land off US-31.

    Lot size:
    19.00 Acres

    Property Features for W White Lake Dr

    General Information

    Lot size
    19.00 Acres

    We can help!

    Listing Contact
    Source: Kw

    Listing Agency: RE/MAX Lakeshore

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

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Land Opportunity

    This property features 19 acres of prime commercial land. It is located off of US-31 and White Lake Road. An additional 14 acres may be available, for a potential total of 33 acres. The property is suitable for commercial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Whitehall
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.3093616
    Latitude
    43.3842354

    Nearby Similar for Sale

    • $650,000
      3,300 SF

      Established Pizza Restaurant For Sale

      Turnkey pizza restaurant in prime location with loyal customer base.
      3263 E Colby St Unit, Whitehall, MI 49461
      View Details
    • $325,000
      3,120 SF

      Restaurant Opportunity in Downtown Whitehall

      Restaurant business for sale with real estate and equipment.
      212 E Colby St, Whitehall, MI 49461
      View Details
    • $955,000
      5,603 SF

      Established Pub in Whitehall, MI

      Popular pub in prime Whitehall location, suitable for downtown crowds.
      111 W Colby St, Whitehall, MI 49461
      View Details
    • $320,000
      0.23 Acres

      Whitehall Four-Unit Investment Property

      Renovated four-unit property near White Lake and downtown Whitehall.
      218 N Baldwin St, Whitehall, MI 49461
      View Details
    • $3,450,000
      46.00 Acres

      Whitehall Industrial Land - $3.45M

      46 acres, prime Muskegon County location.
      Silver Creek Rd, Whitehall, MI 49461
      View Details
    • $3,450,000
      46.00 Acres

      Prime Whitehall Industrial Land

      46 Acres, US-31 Proximity, M-zoned
      V/L Silver Crk, Whitehall, MI 49461
      View Details
    • $549,000
      6,200 SF

      Whitehall Motel: 12 Rooms & More

      Turn-key motel, high ROI potential.
      1002 Colby St, Whitehall, MI 49461
      View Details
    • $450,000
      9,000 SF

      Downtown Whitehall Church - $450K

      Historic Church, 9,000 SF, ADA Accessible
      117 Division St, Whitehall, MI 49461
      View Details

    FAQs

    What type of property is this?
    Commercial land - 19 acres of commercial land off US-31.
    Where is this commercial land located?
    The property is located at W White Lake Dr Whitehall, MI.
    What are key features of this property?
    This property features: - Prime commercial land ideal for commercial development; - Located directly off US-31 and White Lake Rd; - 19 acres currently available
    (616) 935-1150
    Request Owner's contact information
    W White Lake Dr Whitehall, MI 49461
    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.
    W White Lake Dr
    Whitehall, MI 49461
    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
    W White Lake Dr Whitehall, MI 49461
    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

    We can help!
    Listing Contact
    (616) 935-1150
    Learn more
    Google sign-in failed. Please try again or use another login method.