Property profile

5949 Frst Ave Otter Lake, MI 48464

OFF-MARKET
Other commercial real estate
Saved · see the list in your Dashboard
Property ID
US43-4371397
7,920 SF 0.77 ac
Last sale Jan 2023·$90,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Located at 5949 Forest Avenue in Otter Lake, Michigan, this property is a former bowling alley that has been converted to a warehouse. The building retains internal features including multiple bathrooms and designated office and guest-facing spaces, with a lobby/sales area that connects to the existing support areas. The warehouse floor plan is configured to support warehouse operations while providing flexible rooming beyond primarily open storage. Public remarks indicate the property is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$64k
Effective rate3.08%

Value estimate

· Nov 2026
$95k
$86k – $105k

Realmo valuation models over county records and 27 qualifying comparable sales.

Recently sold

What actually traded nearby?
$70/SF
County average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$31 – $122
Qualifying comparables27

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAPEER

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility8.6
Pharmacy8.3
Auto Repair Shop8.3

Location

5949 Frst Ave Otter Lake, MI 48464
County assessor Recorded deeds · 4 transfers 27 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5909 Lk, Otter Lake, MI 48464-9753 $300,000 Feb 2026 4,080 SF
5757 Genesee, Otter Lake, MI 48464-1001 $97,000 Feb 2024 1,376 SF
6401 Detroit, Otter Lake, MI 48464-9139 $70,000 Nov 2023 4,320 SF
5754 Genesee, Otter Lake, MI 48464-1001 $140,000 Jun 2023 1,260 SF
6727 Sherman, Otter Lake, MI 48464-9794 $600,000 Mar 2023 20,936 SF
Detroit, Otter Lake, MI 48464 $79,000 Jun 2021 1,276 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
You own 5949 Frst Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Why this one?
Saved