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    Property profile & analytics

    241 Farmer St Otsego, MI 49078

    • Commercial land
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2276543
    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

    • Commercial land

    Property Details for 241 Farmer St

    Lot size
    2.00 lot acres
    Property type
    Commercial land
    APN
    54-250-034-50
    APU
    5425003450

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Otsego
    County
    Allegan
    State
    Michigan
    Longitude
    -85.6996
    Latitude
    42.4632
    CBSA code
    26090
    CBSA name
    HOLLAND, MI MICROPOLITAN 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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.23 Acres

      Gregor

      VACANT COMMERCIAL LAND • 1.23 Acres
      Gregor, Otsego, MI 49078
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    • Value Estimation by Request
      0.19 Acres

      334 Allegan St

      VACANT COMMERCIAL LAND • 0.19 Acres
      334 Allegan St, Otsego, MI 49078-1012
      View Details
    • Value Estimation by Request
      12.50 Acres

      Lincoln

      VACANT COMMERCIAL LAND • 12.50 Acres
      Lincoln, Otsego, MI 49078
      View Details
    • Value Estimation by Request
      39.43 Acres

      Otsego, MI 49078

      VACANT COMMERCIAL LAND • 39.43 Acres
      Otsego, MI 49078
      View Details
    • Value Estimation by Request

      605 Allegan St

      VACANT COMMERCIAL LAND
      605 Allegan St, Otsego, MI 49078
      View Details
    • Value Estimation by Request
      1.35 Acres

      313 Allegan St

      VACANT COMMERCIAL LAND • 1.35 Acres
      313 Allegan St, Otsego, MI 49078-1011
      View Details

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    241 Farmer St
    Otsego, MI 49078
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    Realmo Value Estimation

    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.

    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.

    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
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