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    Property profile & analytics

    5985 Martha St Indian River, MI 49749

    • Commercial land
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 10, 2024
    Location Intelligence
    Property ID
    US43-3737459
    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 land

    Property Details for 5985 Martha St

    Property type
    Commercial land
    APN
    161-024-200-001-03
    APU
    16102420000103

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indian River
    County
    Cheboygan
    State
    Michigan
    Longitude
    -84.612
    Latitude
    45.4091

    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      Indian River, MI 49749

      VACANT COMMERCIAL LAND
      Indian River, MI 49749
      View Details
    • Value Estimation by Request

      Indian River, MI 49749

      VACANT COMMERCIAL LAND
      Indian River, MI 49749
      View Details
    • Value Estimation by Request

      Indian River, MI 49749

      VACANT COMMERCIAL LAND
      Indian River, MI 49749
      View Details
    • Value Estimation by Request

      1829 Straits Hwy

      VACANT COMMERCIAL LAND
      1829 Straits Hwy, Indian River, MI 49749-8712
      View Details
    • Value Estimation by Request
      0.09 Acres

      3448 Straits Hwy

      VACANT COMMERCIAL LAND • 0.09 Acres
      3448 Straits Hwy, Indian River, MI 49749-5137
      View Details
    • Value Estimation by Request
      1.29 Acres

      1867 Straits Hwy

      VACANT COMMERCIAL LAND • 1.29 Acres
      1867 Straits Hwy, Indian River, MI 49749-8712
      View Details

    Similar Nearby for Sale

    • $125,000
      1.67 Acres

      Prime Vacant Lot on Straits

      1. 5+ acre lot zoned for residential or commercial use.
      4732 S Straits Hwy, Indian River, MI 49749
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    • $39,900

      Indian River Acreage Near Mullett

      One-acre parcel near Mullett Lake boat launch, ideal for recreation.
      1825 Derby Rd, Indian River, MI 49749
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    • $125,000
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      Commercial Land on Straits Highway

      1.67 acre commercial lot in Indian River, Michigan.
      4732 S Straits Hwy, Indian River, MI 49749
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    • $39,900

      Recreational Land Near Mullett Lake

      One-acre parcel near Mullett Lake, ideal for recreational storage.
      1797 Derby Rd, Indian River, MI 49749
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    • $125,000
      1.67 Acres

      Commercial Land on Straits Highway

      1.67 acre vacant lot zoned for residential or commercial use.
      4732 S Straits Hwy, Indian River, MI 49749
      View Details
    • $235,000
      30.00 Acres

      Pigeon River Recreational Land

      30 acres on the Pigeon River joining State Land.
      Spikehorn Trl, Indian River, MI 49749
      View Details
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    5985 Martha St
    Indian River, MI 49749
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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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