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Property profile & analytics
OFF-MARKET
Warehouses
17097 148th Ave, Spring Lake, MI 49456-9580
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-2342434
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Total area
1,198 SF
Lot
1.24 ac (53,927 SF)
Zoning code
MHP
APN
70-03-13-300-042
UPID
US43-2342434
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
-
Bill Tysman Mini Storage- Spring Lake Storage Facility
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
Bill Tysman Mini Storage LLC · 11 yrs held
Bill Tysman Mini Storage LLC
since 2015
5 recorded transactions
Zoning & alternative use
MHP · Spring Lake, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$7,852
Tax year 2022
Assessed value
$358,000
Assessed 2023
Previous assessed
$232,300
+54.1% YoY
Effective rate
2.19%
On assessed value
Total market value
$716,000
Applied tax rate
24.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Buildings
5
Stories
1
Total area
1,198 SF
Lot
1.24 ac (53,927 SF)
Zoning code
MHP
APN
70-03-13-300-042
UPID
US43-2342434
Jurisdiction
OTTAWA
Zoning & alternative use
MHP · Spring Lake, MI
Zoning MHP · permitted uses
MHP · Spring Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Stories
1
Buildings
5
Lot
1.24 ac
Current owner
From public records · entity-resolved
Bill Tysman Mini Storage LLC
Entity
Mailing address
17863 170TH AVE STE #101, SPRING LAKE, MI 49456-1243
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Buill Tysman Mini Storage LLC
—
Deed
related
$7,500 · Choiceone Bank
Oct 30, 2019
—
Bill Tysman Mini Storage LLC
—
Deed
related
$2,650,000 · Community Shores Bank
Apr 18, 2017
—
Bill Tysman Mini Storage LLC
—
Deed
related
$1,365,000 · Community Shores Bank
Oct 31, 2016
—
Bill Tysman Mini Storage LLC
—
Deed
related
$350,000 · Community Shores Bank
Apr 3, 2015
—
Bill Tysman Mini Storage LLC
Charles Bassett Properties LLC
Warranty Deed
$280,000 · Community Shores 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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