Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5693 Airline Rd Fruitport, MI 49415-8753
    Back to Search
    Property profile & analytics

    5693 Airline Rd Fruitport, MI 49415-8753

    View on Map
    • Commercial real estate
    • 7,891 SF
    • 0.72 lot acres
    Off-Market
    Last Sale May 28, 2025
    Property ID
    US43-0537275
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5693 Airline Rd

    Year built
    1960
    Lot size
    0.72 lot acres
    Property size
    7,891 SF
    Zone code
    B-3
    Property type
    Commercial real estate
    APN
    61-15-124-300-0014-00
    APU
    6115124300001400

    Description

    This exceptional 7,891 square foot industrial property, situated on a 0.68-acre lot at 5693 Airline Road in Fruitport, Michigan, presents a compelling investment opportunity. Built in 1960 and renovated in 1976, this single-unit building offers a solid foundation and versatile space ideal for a variety of industrial or manufacturing uses. The property benefits from a strategic location within the Fruitport area, providing convenient access to transportation routes and local amenities. The building is zoned B-3, ensuring compliance with local regulations for industrial operations. A key feature is the robust electrical system, boasting 480 three-phase power, suitable for energy-intensive industrial processes. The property's history demonstrates its durability and adaptability, making it an attractive prospect for investors seeking a well-established asset with significant upside potential. This is a rare opportunity to acquire a substantial industrial space in a desirable location, offering a strong return on investment for the discerning buyer. The property's size, location, and existing infrastructure combine to create a compelling investment opportunity in a thriving market. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fruitport
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.1614
    Latitude
    43.1485
    CBSA code
    34740
    CBSA name
    MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA

    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
    $5,270
    $0.00
    $0.00
    $110,700
    -
    $0.00
    $0.00
    $221,400

    Comparable in this City

    • Value Estimation by Request
      240 SF

      5495 Airline Rd

      COMMERCIAL (GENERAL) • 240 SF
      5495 Airline Rd, Fruitport, MI 49415-8691
      View Details
    • Value Estimation by Request
      840 SF

      13669 Apple Dr

      COMMERCIAL (GENERAL) • 840 SF
      13669 Apple Dr, Fruitport, MI 49415-9408
      View Details
    • Value Estimation by Request
      238 SF

      90 Park St

      COMMERCIAL (GENERAL) • 238 SF
      90 Park St, Fruitport, MI 49415-9668
      View Details
    • Value Estimation by Request
      1,720 SF

      250 3rd Ave

      COMMERCIAL (GENERAL) • 1,720 SF
      250 3rd Ave, Fruitport, MI 49415-8843
      View Details
    • Value Estimation by Request
      7,756 SF

      425 3rd Ave

      COMMERCIAL (GENERAL) • 7,756 SF
      425 3rd Ave, Fruitport, MI 49415-8833
      View Details
    • Value Estimation
      $980,000
      12,576 SF

      9 8th Ave

      COMMERCIAL (GENERAL) • 12,576 SF
      9 8th Ave, Fruitport, MI 49415-9664
      View Details

    Similar Nearby for Sale

    • $69,900
      Pending

      Vacant Land in Fruitport, MI

      Over 2 acre vacant land parcel in Fruitport, Michigan.
      Apple Dr, Fruitport, MI 49415
      View Details
    • $49,900
      Pending

      Fruitport Land Parcel For Sale

      1.38 acre wooded parcel in Fruitport, Michigan.
      S Wolf Lake Rd, Fruitport, MI 49415
      View Details
    • Contact for pricing
      0.33 Acres

      Corner Lot Building Site

      Beautiful wooded corner lot in Fruitport Village with city water.
      414 Park St, Fruitport, MI 49415
      View Details
    • $89,900
      5.00 Acres

      5 Acres in Fruitport, MI

      5-acre parcel perfect for a custom home or recreation.
      5371 Jensen Rd, Fruitport, MI 49415
      View Details
    • $200,000
      13.00 Acres

      13 Acres in Fruitport, MI

      13 acres of land ideal for estate or development.
      S Wolf Lake Rd, Fruitport, MI 49415
      View Details
    • $49,900
      Pending

      Wooded Lot in Fruitport Schools

      Wooded 1.38 acre lot in Fruitport, Michigan.
      S Wolf Lake Rd, Fruitport, MI 49415
      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.
    5693 Airline Rd
    Fruitport, MI 49415-8753
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5693 Airline Rd, Fruitport, MI, 49415
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!