Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1790 Sun Dolphin Rd Muskegon, MI 49444-1800

    • Industrial properties
    • 179,172 SF
    • 20.72 lot acres
    OFF-MARKET
    Last Sale
    Jul 05, 2022
    Value Estimations
    $8,455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0045553
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1790 Sun Dolphin Rd

    Year built
    1989
    Lot size
    20.72 lot acres
    Property size
    179,172 SF
    Zone code
    I-2
    Property type
    Industrial properties
    APN
    61-24-134-300-0006-00
    APU
    6124134300000600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,454,000
      Market price range: $2.74M - $12.8M
      AI Estimate
      $8,454,000
      Market price range: $2.74M - $12.8M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,565,000
      Current use
      COMMERCIAL (GENERAL)
      $13,240,000
      Change: +75% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2004
    Latitude
    43.2081
    CBSA code
    34740
    CBSA name
    MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA

    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
    2023
    $138,717
    $0.00
    $0.00
    $2,560,600
    -
    $0.00
    $0.00
    $5,121,200

    Comparable in this City

    • Value Estimation by Request
      0.55 Acres

      1080 Barney Ave

      INDUSTRIAL (GENERAL) • 0.55 Acres
      1080 Barney Ave, Muskegon, MI 49444-1709
      View Details
    • Value Estimation by Request
      9,384 SF

      2640 Sanford St

      INDUSTRIAL (GENERAL) • 9,384 SF
      2640 Sanford St, Muskegon, MI 49444-2007
      View Details
    • Value Estimation by Request
      1,200 SF

      2001 Sanford St

      INDUSTRIAL (GENERAL) • 1,200 SF
      2001 Sanford St, Muskegon, MI 49444-1025
      View Details
    • Value Estimation by Request
      30,883 SF

      775 Sherman Blvd

      INDUSTRIAL (GENERAL) • 30,883 SF
      775 Sherman Blvd, Muskegon, MI 49444-2254
      View Details
    • Value Estimation
      $1,735,000
      24,345 SF

      260 Broadway Ave

      INDUSTRIAL (GENERAL) • 24,345 SF
      260 Broadway Ave, Muskegon, MI 49444-2158
      View Details
    • Value Estimation by Request
      13,887 SF

      2700 Riordan St

      INDUSTRIAL (GENERAL) • 13,887 SF
      2700 Riordan St, Muskegon, MI 49444-2233
      View Details

    Similar Nearby for Sale

    • $650,000
      9,000 SF

      Muskegon Heights Commercial Property

      Profitable Cannabis Business & Real Estate
      2240 Glade St, Muskegon Heights, MI 49444
      View Details
    • $400,000
      4,048 SF

      Muskegon Industrial Building - 2 Acres

      Well-maintained industrial building, 4,048 sq ft, 2.18 acres.
      2304 Olthoff St, Muskegon, MI 49444
      View Details
    • $280,000
      28.76 Acres

      Muskegon Industrial Land - 28 Acres

      Prime Muskegon industrial land, 28 acres, M-1 zoning.
      2725 Olthoff Dr, Muskegon, MI 49444
      View Details
    • $475,000

      Versatile Industrial Building with Expansion Potential

      16,000 SF industrial building with loading dock and expansion land.
      422 W Hovey Ave, Muskegon Heights, MI 49444
      View Details
    • New
      $629,900
      9,000 SF

      Remodeled Commercial Property with Suites

      Commercial property featuring remodeled suites, suitable for diverse business needs.
      2240 Glade St, Muskegon Heights, MI 49444
      View Details
    • $249,900
      3,375 SF

      Muskegon Commercial Storage Facility For Sale

      Updated 3,375 SF facility with 13 heated storage units.
      2930 Heights Ravenna Rd, Muskegon, MI 49444
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      4,400 SF

      Industrial Unit with Office Space

      Industrial unit featuring office space in Muskegon Heights, Michigan.
      2644 Park St, Muskegon Heights, MI 49444
      View Details
    • $3 SF/Yr

      Industrial Building with Secured Yard

      9,635 SF industrial building with office and shop space.
      2225 Temple St, Muskegon Heights, MI 49444
      View Details
    • $3 SF/Yr
      36,434 SF

      Muskegon Industrial Warehouse Space

      Versatile industrial space, Muskegon, MI.
      2517 6 St, Muskegon Heights, MI 49444
      View Details
    • $3 SF/Yr

      Industrial Building with Fenced Yard

      9,635 SF industrial building with office and shop space for lease.
      2225 Temple St, Muskegon Heights, MI 49444
      View Details
    • $600 /Mo
      2,475 SF

      Muskegon Heights Commercial Flex Space

      Flex space available for lease in Muskegon Heights, Michigan.
      2648 Park St, Muskegon Heights, MI 49444
      View Details
    • $5 SF/Yr
      28,195 SF

      Versatile Industrial Space in Muskegon

      Expansive facility with customizable space, ideal for various business needs.
      2580 S Getty St, Muskegon, MI 49444
      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.
    1790 Sun Dolphin Rd
    Muskegon, MI 49444-1800
    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

    Google sign-in failed. Please try again or use another login method.