Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    107 S Charles St White Cloud, MI 49349
    Property profile & analytics

    107 S Charles St White Cloud, MI 49349

    View on Map
    • Retail space
    • 2,510 SF
    For Sale
    $150,000
    View Listing →
    Free-Standing Retail Smoke Shop For Sale
    $150,000
    2,539 SF

    Free-Standing Retail Smoke Shop

    Retail space with income potential on busy street.

    107 S Charles St, White Cloud, MI 49349
    View Listing
    Property ID
    US43-3246468
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • White Cloud Tobacco / (Bike/Boat/Book/etc) Store

    Property Details for 107 S Charles St

    Property size
    2,510 SF
    Zone code
    LOCAL ZONE
    Property type
    Retail space
    APN
    15-05-131-004
    APU
    1505131004

    Description

    This exceptional retail property, located at 107 S Charles St in White Cloud, Michigan, presents a unique investment opportunity. The 2,539 square foot building sits on a 0.41-acre lot and is zoned C-3, offering versatility for various commercial uses. Constructed in 1970 and extensively renovated in 2021, the property boasts a modern feel while maintaining its character. The building is divided into two units

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    White Cloud
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.7723
    Latitude
    43.5521
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,908
    $0.00
    $0.00
    $44,200
    -
    $0.00
    $0.00
    $88,400

    Comparable in this City

    • Value Estimation by Request
      4,688 SF

      6245 36th St

      RETAIL STORES (PERSONAL SERVICES) • 4,688 SF
      6245 36th St, White Cloud, MI 49349-9159
      View Details
    • Value Estimation by Request
      3,176 SF

      194 Charles St

      RETAIL STORES (PERSONAL SERVICES) • 3,176 SF
      194 Charles St, White Cloud, MI 49349-9486
      View Details
    • Value Estimation by Request
      9,020 SF

      263 Charles St

      RETAIL STORES (PERSONAL SERVICES) • 9,020 SF
      263 Charles St, White Cloud, MI 49349-7524
      View Details
    • Value Estimation by Request
      840 SF

      285 Charles St

      RETAIL STORES (PERSONAL SERVICES) • 840 SF
      285 Charles St, White Cloud, MI 49349-9221
      View Details
    • Value Estimation by Request
      9,052 SF

      3873 Evergreen Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,052 SF
      3873 Evergreen Dr, White Cloud, MI 49349-9757
      View Details
    • Value Estimation by Request
      640 SF

      690 Evergreen Dr

      RETAIL STORES (PERSONAL SERVICES) • 640 SF
      690 Evergreen Dr, White Cloud, MI 49349-9568
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,539 SF

      Free-Standing Retail Smoke Shop

      Retail space with income potential on busy street.
      107 S Charles St, White Cloud, MI 49349
      View Details
    • $279,900
      3,732 SF

      Versatile Commercial Property in White Cloud

      Commercial property with retail space and residential unit in White Cloud.
      6372 E 36Th St, White Cloud, MI 49349
      View Details
    • $249,900
      Pending

      Commercial Opportunity Near Dragon Trail

      Retail space near Hardy Dam and the Dragon Trail.
      6381 E 36Th St, White Cloud, MI 49349
      View Details
    • $161,900
      2,239 SF

      Remodeled Mixed-Use Property, White Cloud

      Move-in-ready commercial and residential space in high-traffic area.
      1099 E Wilcox Ave, White Cloud, MI 49349
      View Details
    • $90,000
      Pending

      White Cloud Lakefront Acreage

      9.01 acres with 166 feet of private lake frontage.
      4649 E 28Th St, White Cloud, MI 49349
      View Details
    • $525,000

      Prime Land in White Cloud

      4.02 acres zoned for growing and processing with utilities.
      1312 Washington St, White Cloud, MI 49349
      View Details
    View Listing
    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.
    107 S Charles St
    White Cloud, MI 49349
    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
    107 S Charles St, White Cloud, MI, 49349
    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!