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    65824 Victoria Ln Cassopolis, MI 49031
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    Property profile & analytics

    65824 Victoria Ln Cassopolis, MI 49031

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    • Commercial real estate
    Off-Market
    Property ID
    US43-2688948
    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 65824 Victoria Ln

    Property type
    Commercial real estate

    Description

    This exceptional 3.63-acre property, located at 65824 Victoria in Cassopolis, Michigan, presents a unique opportunity for outdoor enthusiasts and homebuilders alike. The land, totaling 158,123 square feet, is beautifully wooded, offering a tranquil setting for recreation and hunting. Its peaceful atmosphere makes it an ideal location for building a custom home, providing a secluded escape from city life while remaining conveniently located in Cassopolis, MI, zip code 49031. The property's natural beauty and ample space provide endless possibilities for creating a personalized retreat. The asking price for this remarkable parcel is $80,000. Given its size, location, and potential, this property represents an excellent investment opportunity in a desirable area of Michigan. The property is conveniently located near Cassopolis, offering easy access to local amenities and services. Serious inquiries are encouraged to explore the potential of this unique land offering. The latitude and longitude coordinates are 41.9117133 and -86.0100068 respectively. This is a rare opportunity to own a piece of beautiful Michigan countryside.

    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
    Cassopolis
    County
    Cass
    State
    Michigan
    Longitude
    -86.0100068
    Latitude
    41.9117133

    Comparable in this City

    • $2,299,999
      2,112 SF

      Equestrian Ranch with Rolling Pastures

      112-acre equestrian ranch featuring barns, trails, and updated farmhouse.
      3223 Dunning St, Cassopolis, MI 49031
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    • $45,000
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      Buildable Wooded Land in Cassopolis

      2.39 acres of wooded land suitable for building.
      5 Brookside Ct, Cassopolis, MI 49031
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    • $52,900
      2.33 Acres

      Vacant Land with Lake Access

      2.33 acres of vacant land with deeded lake access.
      17673 Long Lk Dr, Cassopolis, MI 49031
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    • $200,000
      1.00 Acre

      Lakefront Land on Stone Lake

      One-acre lot with 100+ feet of private lake frontage.
      14 Forest Shore Dr, Cassopolis, MI 49031
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    • $35,000
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      Wooded Land in Cassopolis, MI

      2 acres of buildable, wooded land for sale.
      1 Deep Woods Dr, Cassopolis, MI 49031
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    • $264,900
      20.00 Acres

      20 Acres of Vacant Land

      20 acres of vacant land for sale in Cassopolis, MI.
      Williamsville St, Cassopolis, MI 49031
      View Details

    Similar Nearby for Sale

    • $2,299,999
      2,112 SF

      Equestrian Ranch with Rolling Pastures

      112-acre equestrian ranch featuring barns, trails, and updated farmhouse.
      3223 Dunning St, Cassopolis, MI 49031
      View Details
    • $35,000
      2.00 Acres

      Wooded Land in Cassopolis, MI

      2 acres of buildable, wooded land for sale.
      1 Deep Woods Dr, Cassopolis, MI 49031
      View Details
    • $264,900
      20.00 Acres

      20 Acres of Vacant Land

      20 acres of vacant land for sale in Cassopolis, MI.
      Williamsville St, Cassopolis, MI 49031
      View Details
    • $35,000
      2.02 Acres

      Wooded Land in Cassopolis, MI

      2.02 acres of buildable wooded land for sale.
      3 Deep Woods Dr, Cassopolis, MI 49031
      View Details
    • $80,000
      5.00 Acres

      Land Parcel in Cassopolis, MI

      Private 5-acre parcel ideal for a custom home.
      19579 Dutch Settlement St, Cassopolis, MI 49031
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    • New
      $200,000
      5.70 Acres

      Waterfront Land on Day Lake

      5.7+/- acres of waterfront land on Day Lake.
      65945 5.7A Calvin Ctr Rd, Cassopolis, MI 49031
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    Similar Nearby for Lease

    • $6 SF/Yr
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      Cassopolis Commercial Property for Rent

      8,000 SF commercial property available for lease.
      986 E State St, Cassopolis, MI 49031
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    • $19 SF/Yr
      10,000 SF

      Office Space in Cassopolis, MI

      Office space available for lease in Cassopolis, Michigan.
      60267 Century Dr, Cassopolis, MI 49031
      View Details
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    Cassopolis, MI 49031
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    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
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