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Property profile & analytics
FOR SALE
Commercial real estate
15819 Lake Michigan Dr, West Olive, MI 49460
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0791498
For Sale
1 / 18
$525,000
15819 Lake Michigan Dr, West Olive, MI 49460
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.88 ac (125,409 SF)
Zoning code
OVERLAY
APN
70-07-23-300-036
UPID
US43-0791498
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
Botello Perez Santiago · 1 yrs held
Botello Perez Santiago
since 2025
Last sale
$525,000
6 recorded transactions
Zoning & alternative use
OVERLAY · West Olive, 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 West Olive submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Olive 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
$500,000
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 $525k (May 19 2025)
Last sale anchor
$525k
May 19 2025
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
—
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
$2,952
Tax year 2022
Assessed value
$160,100
Assessed 2023
Previous assessed
$160,100
+0.0% YoY
Effective rate
1.84%
On assessed value
Total market value
$320,200
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
FORCED AIR
Buildings
1
Lot
2.88 ac (125,409 SF)
Zoning code
OVERLAY
APN
70-07-23-300-036
UPID
US43-0791498
Jurisdiction
OTTAWA
Zoning & alternative use
OVERLAY · West Olive, MI
Zoning OVERLAY · permitted uses
OVERLAY · West Olive, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Olive. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Buildings
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
Botello Perez Santiago
Individual
Mailing address
15819 N LK MICHIGAN DR SE, WEST OLIVE, MI 49460-9544
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
May 19, 2025
$525,000
Botello Perez Santiago
Randall Joseph Burri
Warranty Deed
$340,000 · Comerica Bank
Jul 25, 2024
$345,000
Randall Joseph Burri
Joshua Baker
Quit Claim Deed
related
—
Sep 6, 2023
$339,900
Joshua Baker
Larry Dehaan
Warranty Deed
—
Jan 24, 2013
$75,000
Larry Dehaan & Cheryl Dehaan Family
Melco Properties LLC
Warranty Deed
—
Sep 25, 2012
—
Melco Properties LLC
Cobie Kelderman Family Trust
Quit Claim Deed
related
—
Jan 10, 2011
$211,382
Cobie Kelderman Family Trust
Mark A Frifeldt
Sheriffs Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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