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Property profile & analytics
OFF-MARKET
Industrial properties
5145 Industrial Park Rd, Montague, MI 49437-1525
Entity Owned
Free & Clear
Property ID
US43-0046378
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1994
Total area
6,507 SF
Lot
2.57 ac (111,906 SF)
Zoning code
M-1 IND
APN
61-21-305-000-0001-00
UPID
US43-0046378
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
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
Old Century LLC
Old Century LLC
since 2026
7 recorded transactions
Zoning & alternative use
M-1 IND · Montague, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Montague submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montague 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,341
Tax year 2023
Assessed value
$143,500
Assessed 2024
Previous assessed
$137,500
+4.4% YoY
Effective rate
6.51%
On assessed value
Total market value
$287,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Rooms
2
Total area
6,507 SF
Lot
2.57 ac (111,906 SF)
Zoning code
M-1 IND
APN
61-21-305-000-0001-00
UPID
US43-0046378
Jurisdiction
MUSKEGON
Zoning & alternative use
M-1 IND · Montague, MI
Zoning M-1 IND · permitted uses
M-1 IND · Montague, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montague. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Rooms
2
Lot
2.57 ac
Current owner
From public records · entity-resolved
Old Century LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4927 STARIHA DR STE C, NORTON SHORES, MI 49441-5576
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2026
$290,000
Old Century LLC
Russell Marine Engineering & Design
Warranty Deed
—
Mar 2, 2026
$400,000
Mwd Building LLC
Old Century LLC
Warranty Deed
$400,000 · The Shelby State Bank
Aug 23, 2023
—
Russel Marine Engineering & Design
White Lake Dock & Dredge INC
Quit Claim Deed
—
Aug 8, 2022
—
Old Century LLC
White Lake Dock & Dredge INC
Land Contract
—
Apr 27, 2022
—
White Lake Dock & Dredge INC
Coastal Real Estate LLC
Deed In Lieu Of Foreclosure
related
—
Feb 13, 2018
—
White Lake Dock & Dredge INC
White Lake Machine & Fabricati
Quit Claim Deed
related
—
Jul 2, 2007
$199,400
Lake Machine White
White Lake Machine INC
Warranty Deed
—
—
—
Lake Machine White
—
Deed Of Trust
related
$340,000 · Macatawa Bank
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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