Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18686 172nd Ave Spring Lake, MI 49456-9720

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18686 172nd Ave Spring Lake, MI 49456-9720

    View on Map
    • Flex space
    • 74,151 SF
    • 6.03 lot acres
    Off-Market
    Last Sale Oct 28, 2021
    Property ID
    US43-2453174
    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.
    Value Estimations
    $6,215,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Supreme Machined Products Co Inc / Building Supply
    • Supreme Domestic International Sale / Industrial Manufacturer / Production Facility

    Property Details for 18686 172nd Ave

    Lot size
    6.03 lot acres
    Property size
    74,151 SF
    Zone code
    I INDU
    Property type
    Flex space
    APN
    70-03-04-400-020
    APU
    700304400020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,216,000
      Market price range: $4.08M - $9.69M
      AI Estimate
      $6,216,000
      Market price range: $4.08M - $9.69M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,500,000
      Current use
      OFFICE BUILDING
      $10,125,000
      Change: +56% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,815,000
      Change: +51% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $8,195,000
      Change: +26% Conversion: Easy
      WAREHOUSE, STORAGE
      $7,955,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.2117
    Latitude
    43.1083
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, 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
    2022
    $45,926
    $0.00
    $0.00
    $2,374,500
    -
    $0.00
    $0.00
    $4,749,000

    Comparable in this City

    • Value Estimation by Request
      3,240 SF

      301 2nd

      LIGHT INDUSTRIAL • 3,240 SF
      301 2nd, Spring Lake, MI 49456-8849
      View Details
    • Value Estimation
      $1,565,000
      17,500 SF

      401 2nd

      LIGHT INDUSTRIAL • 17,500 SF
      401 2nd, Spring Lake, MI 49456
      View Details
    • Value Estimation by Request
      2,045 SF

      441 Carmen Dr

      LIGHT INDUSTRIAL • 2,045 SF
      441 Carmen Dr, Spring Lake, MI 49456-9486
      View Details
    • Value Estimation
      $3,995,000
      60,240 SF

      17127 Hickory St

      LIGHT INDUSTRIAL • 60,240 SF
      17127 Hickory St, Spring Lake, MI 49456-9712
      View Details
    • Value Estimation
      $3,710,000
      67,388 SF

      203 Cutler St

      LIGHT INDUSTRIAL • 67,388 SF
      203 Cutler St, Spring Lake, MI 49456-2094
      View Details
    • Value Estimation by Request
      4,518 SF

      500 Elm St

      LIGHT INDUSTRIAL • 4,518 SF
      500 Elm St, Spring Lake, MI 49456-7900
      View Details

    Similar Nearby for Sale

    • $235,000
      Pending

      New Flex Space Shop

      Newly built flex space shop with loft and amenities.
      6701 Grand Haven Rd, Spring Lake, MI 49456
      View Details
    • $2,249,000
      34,573 SF

      Spring Lake Manufacturing Property

      Manufacturing property in Spring Lake, available for purchase or lease.
      16910 148Th Ave, Spring Lake, MI 49456
      View Details
    • $2,249,000
      34,573 SF

      Spring Lake Manufacturing Property

      Well-equipped manufacturing building with recent upgrades and convenient access.
      16910 148Th Ave, Spring Lake, MI 49456
      View Details
    • $60,500
      4.23 Acres

      Residential Land in Spring Lake

      Land for custom condo in Wildwood Springs community.
      17438 Bellgate Ln, Spring Lake, MI 49456
      View Details
    • $58,000
      4.23 Acres

      Residential Land in Spring Lake

      Land for custom condo in Wildwood Springs community.
      17424 Bellgate Ln, Spring Lake, MI 49456
      View Details
    • $420,000

      Duplex Near Spring Lake Beach

      Duplex near bike path and beach, income potential.
      206 N Lake Ave, Spring Lake, MI 49456
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      18,000 SF

      Manufacturing Lease Space Available

      Manufacturing lease space in Spring Lake Township with many amenities.
      17354 Teunis Dr, Spring Lake, MI 49456
      View Details
    • $5 SF/Yr
      34,573 SF

      Spring Lake Manufacturing Property Available

      Manufacturing property in Spring Lake, available for lease or purchase.
      16910 148Th Ave, Spring Lake, MI 49456
      View Details
    • $4 SF/Yr

      Manufacturing Property in Spring Lake

      Well-equipped manufacturing building with heavy power and recent upgrades.
      16910 148Th Ave, Spring Lake, MI 49456
      View Details
    • $12 SF/Yr
      2,050 SF

      Spring Lake Office Space Available

      Well-maintained office space in Spring Lake, Michigan for rent.
      14998 Cleveland St, Spring Lake, MI 49456
      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.
    18686 172nd Ave
    Spring Lake, MI 49456-9720
    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.
    Sign Up Successful!
    You now have access to more from Realmo!