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Property profile & analytics
OFF-MARKET
Retail space
401 Savidge St Spring Lake, MI 49456-1608
Individually Owned
6-yr Hold
Free & Clear
Property ID
US43-2359589
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
4,888 SF
Lot
0.32 ac (13,983 SF)
Zoning code
CBD
APN
70-03-15-356-002
UPID
US43-2359589
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
-
Bill's Sport Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William D Sanders · 6 yrs held
William D Sanders
since 2020
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,113
Tax year 2022
Assessed value
$157,800
Assessed 2023
Previous assessed
$142,200
+11.0% YoY
Effective rate
3.87%
On assessed value
Total market value
$315,600
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
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,888 SF
Lot
0.32 ac (13,983 SF)
Zoning code
CBD
APN
70-03-15-356-002
UPID
US43-2359589
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
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
William D Sanders
Individual
Free & Clear · 6 yrs held
Mailing address
401 W SAVIDGE ST, SPRING LAKE, MI 49456-1608
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
William D Sanders
William D Sanders
Intrafamily Transfer
related
—
Oct 11, 2013
—
William D Sanders
William A Sanders
Intrafamily Transfer
related
—
Sep 27, 2012
—
William A Sanders
William A Sanders
Intrafamily Transfer
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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