Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11891 Torch Lk Dr Alden, MI 49612-9793
    Back to Search
    Property profile & analytics

    11891 Torch Lk Dr Alden, MI 49612-9793

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US43-2914837
    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

    • GLASSMAN MARINE SERVICES / (Bike/Boat/Book/etc) Store

    Property Details for 11891 Torch Lk Dr

    Property type
    Commercial real estate
    APN
    05-08-033-049-00
    APU
    50803304900

    Description

    This exceptional commercial property, located at 11891 S East Torch Lake Drive in Alden, MI, presents a unique investment opportunity. Boasting 250 feet of road frontage, this 2.27-acre lot features a high-visibility digital sign, ensuring maximum exposure for your business. The property encompasses over 11,000 square feet across two buildings, currently operating as Glassman Marine Services. One building includes a 1,600 square foot heated and ventilated workshop, perfect for year-round operations. The property is zoned commercial and includes all necessary equipment and supplies for storage, shrink wrap, and winterization services, currently operating at full capacity. A John Deere 1025R tractor with front-end loader, box blade, and forks is also included. Natural gas is available at the road. The property's prime location and existing infrastructure offer diverse business possibilities, including but not limited to pontoon welding and repair, boat brokering, a hardware store, or pontoon rentals. This turnkey operation provides immediate revenue potential and a rare chance to own a piece of Torch Lake's commercial landscape. The property's size and existing infrastructure offer significant expansion opportunities for a wide range of businesses. Don't miss this exceptional opportunity. Priced at $950,000.

    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
    Alden
    County
    Antrim
    State
    Michigan
    Longitude
    -85.2814
    Latitude
    44.8613

    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
    2020
    $4,344
    $0.00
    $0.00
    $132,800
    -
    $0.00
    $0.00
    $265,600

    Comparable in this City

    • Value Estimation by Request

      Alden, MI 49612

      COMMERCIAL (GENERAL)
      Alden, MI 49612
      View Details
    • Value Estimation by Request

      Alden, MI 49612

      COMMERCIAL (GENERAL)
      Alden, MI 49612
      View Details
    • Value Estimation by Request
      1,476 SF

      9069 Helena Rd

      COMMERCIAL (GENERAL) • 1,476 SF
      9069 Helena Rd, Alden, MI 49612-5106
      View Details
    • Value Estimation
      $580,000

      10716 Torch Lk Dr

      COMMERCIAL (GENERAL)
      10716 Torch Lk Dr, Alden, MI 49612-9523
      View Details
    • Value Estimation by Request
      1,368 SF

      9046 Helena Rd

      COMMERCIAL (GENERAL) • 1,368 SF
      9046 Helena Rd, Alden, MI 49612-5106
      View Details
    • Value Estimation by Request
      1,488 SF

      9043 Helena Rd

      COMMERCIAL (GENERAL) • 1,488 SF
      9043 Helena Rd, Alden, MI 49612-5106
      View Details

    Similar Nearby for Sale

    • $149,900
      Pending

      Torch Lake Garage with Porch

      Garage with porch and shared access to Torch Lake.
      00 East Torch Lake Dr, Alden, MI 49612
      View Details
    • $85,900
      2.22 Acres

      Acreage Parcel in Alden Meadows

      Vacant land near Torch Lake access and Spencer Creek.
      38 Alden Mdws, Alden, MI 49612
      View Details
    • $85,900
      2.12 Acres

      Residential Land in Alden Meadows

      Acreage parcel near Torch Lake access in Alden, Michigan.
      34 Alden Mdws, Alden, MI 49612
      View Details
    • $60,000
      5.00 Acres

      Rapid River Wooded Land Parcel

      5-acre wooded parcel near Kalkaska, perfect for recreation or home.
      207 Wallace Rd NE, Alden, MI 49612
      View Details
    • $499,000
      2,704 SF

      Historic Alden Industrial Building

      Charming Downtown Alden Retail Space, Huge Potential
      9053 Helena Rd, Alden, MI 49612
      View Details
    • $1,300,000
      0.98 Acres

      Torch Lake Frontage Land Parcel

      0.9-acre lot with 110 feet of private Torch Lake frontage.
      9263 Charlie Ln, Alden, MI 49612
      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.
    11891 Torch Lk Dr
    Alden, MI 49612-9793
    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
    11891 Torch Lk Dr, Alden, MI, 49612
    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!