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    Property profile & analytics

    5575 Ludington Dr Farwell, MI 48622

    • Industrial properties
    • 19.80 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US43-3138888
    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 5575 Ludington Dr

    Lot size
    19.80 lot acres
    Property type
    Industrial properties
    APN
    014-016-300-23
    APU
    1401630023

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farwell
    County
    Clare
    State
    Michigan
    Longitude
    -84.9209
    Latitude
    43.8592

    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
    $5,673
    $50,943
    $102,290
    $153,233
    -
    $101,886
    $204,580
    $306,466

    Comparable in this City

    • Value Estimation by Request
      0.96 Acres

      Farwell, MI 48622

      INDUSTRIAL (GENERAL) • 0.96 Acres
      Farwell, MI 48622
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    • Value Estimation by Request
      1.76 Acres

      Farwell, MI 48622

      INDUSTRIAL (GENERAL) • 1.76 Acres
      Farwell, MI 48622
      View Details
    • Value Estimation
      $225,000
      0.84 Acres

      796 Maple Grv Rd

      INDUSTRIAL (GENERAL) • 0.84 Acres
      796 Maple Grv Rd, Farwell, MI 48622-9109
      View Details
    • Value Estimation by Request
      2.50 Acres

      Farwell, MI 48622

      INDUSTRIAL (GENERAL) • 2.50 Acres
      Farwell, MI 48622
      View Details
    • Value Estimation by Request
      9.19 Acres

      1250 Commerce

      INDUSTRIAL (GENERAL) • 9.19 Acres
      1250 Commerce, Farwell, MI 48622-8518
      View Details
    • Value Estimation
      $285,000
      4.58 Acres

      1301 Commerce

      INDUSTRIAL (GENERAL) • 4.58 Acres
      1301 Commerce, Farwell, MI 48622-8520
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      0.60 Acres

      Land in Clare County, MI

      Vacant land offering potential for various uses in Farwell, MI.
      Tbd Stone Pne, Farwell, MI 48622
      View Details
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    5575 Ludington Dr
    Farwell, MI 48622
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    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
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