Individually Owned Property summary
AI-generated overview
The property consists of a 5-acre parcel of land located in Norton Shores, Michigan. The parcel is zoned for recreational use.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
11 ac (479,160 SF)
Zoning code
REC
APN
61-27-133-100-0041-00
UPID
US43-1205082
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2026
5 recorded transactions
Zoning & alternative use
REC · Norton Shores, MI
Zoning description
ervice station; (5) Auto wash; (6) Outdoor theatres; (7) Golf courses; (8) Recreational trailer camps; and (9) Archery ranges. (Ord. No. 369, § 15.418(5.108(3)), 6-26-1981) Secs. 48-446-48-473. - Reserved. DIVISION 8. -…
General category
OPEN_SPACE
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
Lot area
11 ac
APN
61-27-133-100-0041-00
Zoning
REC
Assessed value
$69,500
Annual tax
$3,707
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 409 sales
$78
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$70k
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$4k
$88k
$63k
$49k
$5k
$97k
$70k
$54k
$5k
$107k
$76k
$59k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,707
Tax year 2023
Assessed value
$69,500
Assessed 2024
Previous assessed
$65,500
+6.1% YoY
Effective rate
5.33%
On assessed value
Total market value
$139,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
11 ac (479,160 SF)
Zoning code
REC
APN
61-27-133-100-0041-00
UPID
US43-1205082
Jurisdiction
MUSKEGON
Zoning & alternative use
REC · Norton Shores, MIZoning REC · permitted uses
REC · Norton Shores, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ervice station; (5) Auto wash; (6) Outdoor theatres; (7) Golf courses; (8) Recreational trailer camps; and (9) Archery ranges. (Ord. No. 369, § 15.418(5.108(3)), 6-26-1981) Secs. 48-446-48-473. - Reserved. DIVISION 8. -…
General category
OPEN_SPACE
Building & site characteristics
From public records
Heating
NONE
Lot
11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
REC
OPEN_SPACE
Jurisdiction
Norton Shores, MI
Recorded code
REC
Official district
REC
Official district profile
What the municipal code says about REC
Zoning description
ervice station; (5) Auto wash; (6) Outdoor theatres; (7) Golf courses; (8) Recreational trailer camps; and (9) Archery ranges. (Ord. No. 369, § 15.418(5.108(3)), 6-26-1981) Secs. 48-446-48-473. - Reserved. DIVISION 8. -…
General category
OPEN_SPACE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for REC in Norton Shores, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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