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Property profile & analytics
OFF-MARKET
Estimated value
$5,890,000
Industrial properties
6870 Grand Hvn Rd Norton Shores, MI 49456-9616
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-0910041
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1974
Total area
82,638 SF
Lot
5.86 ac (255,262 SF)
Zoning code
GI
APN
61-27-133-100-0036-00
UPID
US43-0910041
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$5.89M
Owner & transaction history
Johnstons Enterprises LLC · 7 yrs held
Johnstons Enterprises LLC
since 2019
7 recorded transactions
Zoning & alternative use
GI · Norton Shores, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.5M
+87.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norton Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton Shores submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,525,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$5.89M
Range $5.30M – $6.48M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$71 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$74,511
Tax year 2023
Assessed value
$1,924,200
Assessed 2024
Previous assessed
$1,795,900
+7.1% YoY
Effective rate
3.87%
On assessed value
Total market value
$3,848,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Rooms
2
Total area
82,638 SF
Lot
5.86 ac (255,262 SF)
Zoning code
GI
APN
61-27-133-100-0036-00
UPID
US43-0910041
Jurisdiction
MUSKEGON
Zoning & alternative use
GI · Norton Shores, MI
Zoning GI · permitted uses
GI · Norton Shores, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norton Shores. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.5M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Rooms
2
Lot
5.86 ac
Current owner
From public records · entity-resolved
Johnstons Enterprises LLC
Entity
Mailing address
7300 CLYDE PARK AVE SW, BYRON CENTER, MI 49315-8387
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2024
—
Johnstons Enterprises LLC
—
Deed
related
$1,875,000 · United Bank Of Michigan
Dec 10, 2020
—
Johnstons Ents LLC
—
Deed
related
$2,320,000 · Wells Fargo Bk
Jul 10, 2019
—
Johnstons Enterprises LLC
6870 Gh Road
Warranty Deed
$915,000 · Wells Fargo Bank NA
Aug 11, 2016
$3,000,000
6870 Gh Road LLC
Jones Spring Lake LLC
Warranty Deed
—
Oct 16, 2006
—
Jones Spring Lake LLC
Spring Lake Properties Holding
Quit Claim Deed
—
—
—
Dailey R Spring Lake LLC
—
Deed Of Trust
related
$2,600,000 · Lasalle National Bank
—
—
Johnstons Ents LLC
—
Loan Modification
related
$2,320,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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