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Property profile & analytics
OFF-MARKET
Auto shops
708 Liberty St Spring Lake, MI 49456-1661
Individually Owned
15-yr Hold
Free & Clear
Property ID
US43-2248930
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Total area
2,752 SF
Lot
0.11 ac (4,879 SF)
Zoning code
C
APN
70-03-16-450-009
UPID
US43-2248930
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
Current use
Occupant on record · Public records
-
Quality West Michigan Builders General Contractor
-
Port To Port Marine Detai Car Wash
-
Koster Steigenga Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Village Of Spring Lake · 15 yrs held
Village Of Spring Lake
since 2011
2 recorded transactions
Zoning & alternative use
C · Spring Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
referred to as the residential districts of the Village: SFR Single-Family Residential MFR Multiple-Family Residential B. The following districts are commonly referred to as the nonresidential districts of the Village: C Community Commercial CBD Central Business District WOD Waterfront Overlay District § 390-51 Zoning Map and boundaries. A. The locations and…
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
25.08 ac
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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,944
Tax year 2022
Assessed value
$49,700
Assessed 2023
Previous assessed
$42,000
+18.3% YoY
Effective rate
3.91%
On assessed value
Total market value
$99,400
Applied tax rate
7.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,752 SF
Lot
0.11 ac (4,879 SF)
Zoning code
C
APN
70-03-16-450-009
UPID
US43-2248930
Jurisdiction
OTTAWA
Zoning & alternative use
C · Spring Lake, MIZoning C · permitted uses
C · Spring Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
referred to as the residential districts of the Village: SFR Single-Family Residential MFR Multiple-Family Residential B. The following districts are commonly referred to as the nonresidential districts of the Village: C Community Commercial CBD Central Business District WOD Waterfront Overlay District § 390-51 Zoning Map and boundaries. A. The locations and boundaries of the above zoning districts are hereby established as shown on the
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
25.08 ac
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Village Of Spring Lake
Individual
Free & Clear · 15 yrs held
Mailing address
708 LIBERTY ST, SPRING LAKE, MI 49456-1661
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2011
—
Village Of Spring Lake
Ksv Action Properties LLC
Warranty Deed
—
Feb 10, 2011
—
Ksv Action Properties LLC
Bruce N Koster
Quit Claim Deed
related
—
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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