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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Office buildings
14520 Cleveland St Spring Lake, MI 49456-9151
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-3518916
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Total area
11,280 SF
Lot
6.41 ac (279,220 SF)
Zoning code
LI
APN
70-03-24-200-027
UPID
US43-3518916
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
American Repair Maintenance Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.06M
Owner & transaction history
Michigan Certified Development Corp · 2 yrs held
Michigan Certified Development Corp
since 2024
7 recorded transactions
Zoning & alternative use
LI · Spring Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,540,000
Current use
RETAIL STORES
$1,670,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,495,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,245,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,222
Tax year 2022
Assessed value
$398,700
Assessed 2023
Previous assessed
$386,500
+3.2% YoY
Effective rate
2.81%
On assessed value
Total market value
$797,400
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
11,280 SF
Lot
6.41 ac (279,220 SF)
Zoning code
LI
APN
70-03-24-200-027
UPID
US43-3518916
Jurisdiction
OTTAWA
Zoning & alternative use
LI · Spring Lake, MIZoning LI · permitted uses
LI · Spring Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
6.41 ac
Current owner
From public records · entity-resolved
Michigan Certified Development Corp
Entity
Mailing address
109 S JACKSON ST, SPRING LAKE, MI 49456-2095
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
—
Michigan Certified Development Corp
American Repair Maintenance LLC
Assignment Of Lease (leasehold Sale)
—
Feb 15, 2023
—
Arm Holding Co LLC
—
Deed
related
$611,320 · West Shore Bank
Feb 14, 2023
—
Arm Holding Co LLC
Fewles Properties LLC
Warranty Deed
$764,150 · West Shore Bank
Oct 13, 2016
—
Fewless Properties LLC
—
Deed
related
$412,500 · Mercantile Bank Of Michigan
Nov 13, 2015
—
Fewless Properties LLC
Linda S Slagel Trust
Warranty Deed
—
Apr 7, 2014
—
Justin E Grill
Justin E Gill
Intrafamily Transfer
related
—
Mar 24, 2014
$35,000
Justin E Grill
Warren H Stansberry III & Linda S S
Warranty Deed
$29,750 · Chemical Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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