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Property profile & analytics
OFF-MARKET
Strip malls
414 Savidge St Spring Lake, MI 49456-1686
Entity Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2440805
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
4,425 SF
Lot
0.46 ac (19,820 SF)
Zoning code
CBD
APN
70-03-15-360-011
UPID
US43-2440805
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
-
Snap Fitness Spring Lake Gym & Fitness Center
-
Subway Take-out & Catering
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
PEEL BROTHERS LLC
PEEL BROTHERS LLC
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
$16,940
Tax year 2022
Assessed value
$375,600
Assessed 2023
Previous assessed
$330,300
+13.7% YoY
Effective rate
4.51%
On assessed value
Total market value
$751,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,425 SF
Lot
0.46 ac (19,820 SF)
Zoning code
CBD
APN
70-03-15-360-011
UPID
US43-2440805
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
2003
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
PEEL BROTHERS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
501 BUENA VIS DR, SPRING LAKE, MI 49456-1736
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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