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    Property profile & analytics

    5945 Indian Hl Rd Honor, MI 49640-9574

    • Commercial real estate
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3983565
    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

    • Commercial real estate

    Property Details for 5945 Indian Hl Rd

    Lot size
    5.00 lot acres
    Property type
    Commercial real estate
    APN
    11-029-005-02
    APU
    1102900502

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Honor
    County
    Benzie
    State
    Michigan
    Longitude
    -86.0381
    Latitude
    44.7181
    CBSA code
    45900
    CBSA name
    TRAVERSE CITY, MI MICROPOLITAN 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
    0
    $0.00
    $0.00
    $0.00
    $87,500
    -
    $0.00
    $0.00
    $175,000

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      11998 Goose Rd

      COMMERCIAL (GENERAL) • 1.00 Acre
      11998 Goose Rd, Honor, MI 49640-8700
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    • Value Estimation by Request
      4.31 Acres

      11539 Honor Hwy

      COMMERCIAL (GENERAL) • 4.31 Acres
      11539 Honor Hwy, Honor, MI 49640-9567
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    • Value Estimation by Request

      11138 Oviatt Rd

      COMMERCIAL (GENERAL)
      11138 Oviatt Rd, Honor, MI 49640-9592
      View Details
    • Value Estimation by Request
      3.69 Acres

      9938 Honor Hwy

      COMMERCIAL (GENERAL) • 3.69 Acres
      9938 Honor Hwy, Honor, MI 49640-9617
      View Details
    • Value Estimation by Request
      2.75 Acres

      9863 Honor Hwy

      COMMERCIAL (GENERAL) • 2.75 Acres
      9863 Honor Hwy, Honor, MI 49640-9534
      View Details
    • Value Estimation by Request
      2.22 Acres

      9564 Honor Hwy

      COMMERCIAL (GENERAL) • 2.22 Acres
      9564 Honor Hwy, Honor, MI 49640-9605
      View Details

    Similar Nearby for Sale

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    • $274,989
      10.00 Acres

      Honor, MI Vacant Land

      10-acre parcel near Sleeping Bear Dunes with improvements.
      5896 Indian Hill Rd, Honor, MI 49640
      View Details
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    Honor, MI 49640-9574
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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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