Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5111 Hwy 45 Watersmeet, MI 49969

    • Industrial properties
    • 40.00 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US43-3085229
    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

    • Industrial properties

    Property Details for 5111 Hwy 45

    Lot size
    40.00 lot acres
    Zone code
    R 2
    Property type
    Industrial properties
    APN
    06-22-100-300
    APU
    622100300

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Watersmeet
    County
    Gogebic
    State
    Michigan
    Longitude
    -89.1813
    Latitude
    46.2843

    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
    $11,952
    $46,661
    $218,230
    $264,891
    -
    $93,322
    $436,460
    $529,782

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      Cisco Lk Rd

      INDUSTRIAL (GENERAL) • 10.00 Acres
      Cisco Lk Rd, Watersmeet, MI 49969
      View Details
    • Value Estimation by Request
      6.94 Acres

      Watersmeet, MI 49969

      INDUSTRIAL (GENERAL) • 6.94 Acres
      Watersmeet, MI 49969
      View Details
    • Value Estimation by Request
      6.95 Acres

      Watersmeet, MI 49969

      INDUSTRIAL (GENERAL) • 6.95 Acres
      Watersmeet, MI 49969
      View Details
    • Value Estimation by Request
      1.50 Acres

      Watersmeet, MI 49969

      INDUSTRIAL (GENERAL) • 1.50 Acres
      Watersmeet, MI 49969
      View Details
    • Value Estimation
      $345,000
      3.18 Acres

      1786 Us Hwy 45

      INDUSTRIAL (GENERAL) • 3.18 Acres
      1786 Us Hwy 45, Watersmeet, MI 49969
      View Details
    • Value Estimation by Request
      42.15 Acres

      Watersmeet, MI 49969

      INDUSTRIAL (GENERAL) • 42.15 Acres
      Watersmeet, MI 49969
      View Details

    Similar Nearby for Sale

    • $189,950
      37.18 Acres

      Acreage with Waterfront and National Forest

      37+ acres with 3500+ feet of shoreline near National Forest.
      Tbd Sucker Lk, Watersmeet, MI 49969
      View Details
    • $748,000
      51.00 Acres

      51-Acre Waterfront Land in Watersmeet

      Waterfront parcel with lake and creek frontage near Ottawa National Forest.
      5800 Wolf Lake Rd, Watersmeet, MI 49969
      View Details
    • $188,800
      25.90 Acres

      Waterfront Land on Cisco Chain

      25.9 acre wooded parcel with 2,685 feet of frontage.
      9 Little Africa Lk, Watersmeet, MI 49969
      View Details
    • $2,395,000
      5.25 Acres

      Campground on Lac Vieux Desert

      Campground with 645 feet of frontage on 4000-acre lake.
      24885 Misery Bay Rd, Watersmeet, MI 49969
      View Details
    • $748,000
      51.00 Acres

      51-Acre Waterfront Parcel in Watersmeet

      51-acre waterfront parcel with lake and creek frontage for sale.
      5800 Wolf Lake Rd, Watersmeet, MI 49969
      View Details
    • $169,900
      5.79 Acres

      Waterfront Parcel on Cisco Chain

      5.7-acre waterfront parcel with access to 15 lakes.
      19308 Mamie Lake Rd W, Watersmeet, MI 49969
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5111 Hwy 45
    Watersmeet, MI 49969
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.