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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Auto shops
15646 164th Ave, Grand Haven, MI 49417-2818
Individually Owned
4-yr Hold
Property ID
US43-2135415
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2009
Total area
1,288 SF
Lot
0.69 ac (30,013 SF)
Zoning code
R-3
APN
70-03-27-451-074
UPID
US43-2135415
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Erica Michelle Layton · 4 yrs held
Erica Michelle Layton
since 2022
Last sale
$482,500
6 recorded transactions
Zoning & alternative use
R-3 · Grand Haven, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Grand Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Haven 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
$610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $483k (Jun 15 2022)
Last sale anchor
$483k
Jun 15 2022
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
$408 / 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
$3,734
Tax year 2022
Assessed value
$165,700
Assessed 2023
Previous assessed
$143,400
+15.6% YoY
Effective rate
2.25%
On assessed value
Total market value
$331,400
Applied tax rate
16.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
1,288 SF
Lot
0.69 ac (30,013 SF)
Zoning code
R-3
APN
70-03-27-451-074
UPID
US43-2135415
Jurisdiction
OTTAWA
Zoning & alternative use
R-3 · Grand Haven, MI
Zoning R-3 · permitted uses
R-3 · Grand Haven, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Haven. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Erica Michelle Layton
Individual
Mailing address
15646 164TH AVE, GRAND HAVEN, MI 49417-2818
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$482,500
Erica Michelle Layton
Mark A And Lisa M Verstraete Trust
Warranty Deed
$434,250 · The Huntington National Bank
Dec 13, 2019
—
Mark A Verstraete
Mark A Verstraete
Intrafamily Transfer
related
$165,000 · Towne Mortgage Co
Dec 17, 2018
—
Mark A Verstraete
Mark A Verstraete
Intrafamily Transfer
related
—
Mar 6, 2018
$275,000
Mark A Verstraete
Marvin D Perry SR.
Warranty Deed
$220,000 · Towne Mortgage Co
Oct 19, 2016
—
Marvin D Perry SR.
—
Deed
related
$158,000 · Fifth Third Mortgage Michigan LLC
Jun 10, 2009
$45,000
Marvin D Perry SR.
Treeline Properties LLC
Warranty Deed
$162,250 · Independent Mortgage Co
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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