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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Commercial real estate
3525 Dugout Rd, Saugatuck, MI 49453-9794
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-2295697
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
9,107 SF
Lot
19.69 ac (857,696 SF)
Zoning code
R-2
APN
20-004-003-00
UPID
US43-2295697
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
-
Pine Trail Camp Training Center Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$1.13M
Owner & transaction history
North Shores Of Saugatuck LLC · 1 yrs held
North Shores Of Saugatuck LLC
since 2024
4 recorded transactions
Zoning & alternative use
R-2 · Saugatuck, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+16.6%
Restaurant
$990,000
+0.4%
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 Saugatuck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugatuck 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$990,000
Current use
RETAIL STORES
$1,155,000
Change: +17% · Conversion: Easy
RESTAURANT
$990,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$895,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$124 / 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 2023Property tax & assessments
Tax year 2023
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Buildings
16
Stories
1
Bathrooms
20
Total area
9,107 SF
Lot
19.69 ac (857,696 SF)
Zoning code
R-2
APN
20-004-003-00
UPID
US43-2295697
Jurisdiction
ALLEGAN
Zoning & alternative use
R-2 · Saugatuck, MI
Zoning R-2 · permitted uses
R-2 · Saugatuck, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugatuck. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$990,000
RETAIL STORES
Est. value
$1.2M
RESTAURANT
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$895,000
OFFICE BUILDING
Est. value
$885,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
1
Buildings
16
Bathrooms
20
Lot
19.69 ac
Current owner
From public records · entity-resolved
North Shores Of Saugatuck LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4101 W 51ST ST, CHICAGO, IL 60632-4287
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2024
—
North Shores Of Saugatuck LLC
Pine Trail LLC
Warranty Deed
—
May 27, 2015
—
Pine Trail LLC
New Life Properties Nfp
Quit Claim Deed
related
—
Mar 30, 2015
—
New Life Properties Nfp
Pine Trail Camp
Quit Claim Deed
related
—
Jan 25, 2008
—
Saugatuck LLC
Pine Trail Camp
Warranty Deed
—
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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