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Property profile & analytics
OFF-MARKET
Estimated value
$170,000
Retail space
214 Savidge St Spring Lake, MI 49456-1605
Entity Owned
16-yr Hold
Free & Clear
Property ID
US43-2301569
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
1,551 SF
Lot
0.05 ac (2,222 SF)
Zoning code
CBD
APN
70-03-15-381-006
UPID
US43-2301569
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
$170k
Owner & transaction history
Vill Tex Fabric Centers INC · 16 yrs held
Vill Tex Fabric Centers INC
since 2010
2 recorded transactions
Zoning & alternative use
CBD · Spring Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
66 ft 50% 35 ft Multiple Family Residential (MFR) 25 ft 5 ft 25 ft N/A N/A N/A 8,000 sq ft 66 ft 60% 35 ft Community Commercial (CC) 25 ft 0 ft 25 ft 60 ft N/A N/A 10,000 sq ft 75 ft 75% 35 ft Central Business District (CBD) none none none 15 ft 10 ft N/A none none none 45 feet NOTES: A. For complete dimensional standards for the SFR District, see § 390-57C…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
63.13 ac
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$170k
Range $153k – $187k · ±10%
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
$110 / 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
$3,050
Tax year 2022
Assessed value
$71,700
Assessed 2023
Previous assessed
$59,200
+21.1% YoY
Effective rate
4.25%
On assessed value
Total market value
$143,400
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,551 SF
Lot
0.05 ac (2,222 SF)
Zoning code
CBD
APN
70-03-15-381-006
UPID
US43-2301569
Jurisdiction
OTTAWA
Zoning & alternative use
CBD · Spring Lake, MIZoning CBD · permitted uses
CBD · Spring Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
66 ft 50% 35 ft Multiple Family Residential (MFR) 25 ft 5 ft 25 ft N/A N/A N/A 8,000 sq ft 66 ft 60% 35 ft Community Commercial (CC) 25 ft 0 ft 25 ft 60 ft N/A N/A 10,000 sq ft 75 ft 75% 35 ft Central Business District (CBD) none none none 15 ft 10 ft N/A none none none 45 feet NOTES: A. For complete dimensional standards for the SFR District, see § 390-57C . B. For complete dimensional standards for the MFR District, see § 390-59C . C. Fo
Zone name
Central Business District
General category
COMMERCIAL
Zone area
63.13 ac
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Vill Tex Fabric Centers INC
Entity
Free & Clear · 16 yrs held
Mailing address
3975 LK MICHIGAN DR NW, GRAND RAPIDS, MI 49534-4522
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2010
—
Vill Tex Fabric Centers INC
Macatawa Bank
Warranty Deed
—
Feb 23, 2010
—
Macatawa Bank
Mike & Pam Curtis LLC
Deed In Lieu Of Foreclosure
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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