Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Taylors Ct Scottville, MI 49454
    Back to Search
    Property profile & analytics

    Taylors Ct, Scottville, MI 49454

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Taylors Ct

    Property type
    Land
    Property subtype
    Residential income homes

    Description

    This exceptional Scottville, Michigan investment opportunity encompasses 17 lots, six newly constructed 3-bedroom, 1-bathroom homes (approx. 1,040 sq ft each), and a duplex. The six homes boast modern kitchens and bathrooms. The duplex, situated on a 0.3-acre lot, features two units, each with an open floor plan, kitchen appliances, main floor laundry/mudroom, a 2-car attached garage, a full basement with egress window, and a covered front porch. All 17 lots are fully serviced with paved roadways, water, sewer, and utility connections, ready for immediate development. This turnkey residential offering is ideally located just 13 minutes from Ludington and Lake Michigan, capitalizing on the high demand for quality housing in the area. The property presents a compelling opportunity for residential development or investment, offering established infrastructure and quality new construction in a prime location. The asking price for this entire portfolio is $1,500,000. This is a rare chance to acquire a diverse and immediately profitable real estate holding in a desirable Michigan location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Scottville
    County
    Mason
    State
    Michigan
    Longitude
    -86.273
    Latitude
    43.9576

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      114 Green St

      Land
      114 Green St, Scottville, MI 49454
      View Details
    • Value Estimation by Request
      21.21 Acres

      21 Us 10 Hwy

      Land
      21 Us 10 Hwy, Scottville, MI 49454
      View Details
    • Value Estimation by Request
      0.73 Acres

      Us 10

      VACANT COMMERCIAL LAND
      Us 10, Scottville, MI 49454
      View Details
    • Value Estimation by Request

      Scottville, MI 49454

      VACANT COMMERCIAL LAND
      Scottville, MI 49454
      View Details
    • Value Estimation by Request
      0.18 Acres

      Scottville, MI 49454

      VACANT COMMERCIAL LAND
      Scottville, MI 49454
      View Details
    • Value Estimation by Request
      0.20 Acres

      Scottville, MI 49454

      VACANT COMMERCIAL LAND
      Scottville, MI 49454
      View Details

    Similar Nearby for Sale

    • $1,390,000
      9.11 Acres

      Sweetwater Meadows Multifamily Investment Opportunity

      Multifamily package with existing rentals and development potential in Scottville.
      Multiple Taylors Ct & Evans Way, Scottville, MI 49454
      View Details
    • $339,900
      1,800 SF

      Scottville Commercial Property with Apartment

      Commercial space with apartment and vacant lot in Scottville, MI.
      120 Main St N, Scottville, MI 49454
      View Details
    • Contact for pricing
      1,800 SF

      Mixed-Use Property with Business Opportunity

      Retail space with apartment and vacant lot for sale.
      120 Main St N, Scottville, MI 49454
      View Details
    • $100,000
      1.39 Acres

      Scottville Land with Utilities Ready

      1.39 acres in Victory Township with existing utilities.
      3008 N Amber Rd, Scottville, MI 49454
      View Details
    • $115,000
      2.22 Acres

      Land with Pole Barn

      2.2-acre property featuring a pole barn and RV port.
      1384 W Chauvez Rd, Scottville, MI 49454
      View Details
    • Contact for pricing
      2,850 SF

      Mixed-Use Investment Opportunity

      Fully leased mixed-use property in downtown Scottville.
      133 S Main St, Scottville, MI 49454
      View Details
    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.
    Taylors Ct
    Scottville, MI 49454
    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
    Taylors Ct, Scottville, MI, 49454
    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!