Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    818 N State St Big Rapids, MI 49307
    Back to Search
    Property profile & analytics

    818 N State St, Big Rapids, MI 49307

    View on Map
    • Commercial land
    • 0.45 lot acres
    For Sale
    $144,000
    View Listing →
    Commercial Land in Big Rapids For Sale
    $144,000
    0.45 Acres

    Commercial Land in Big Rapids

    Shovel-ready commercial lot with high traffic and utility access.

    818 N State Street, Big Rapids, MI 49307
    View Listing
    Property ID
    US43-3849961
    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 land

    Property Details for 818 N State St

    Lot size
    0.45 lot acres
    Property type
    Commercial land
    APN
    17-11-151-007
    APU
    1711151007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 5, 2023 — Kajoe LLC Joe Mcnally Quit Claim Deed · related —
    Nov 2, 2021 $80,000 Joe Mcnelly Robert Fountain Warranty Deed —
    Aug 25, 2021 — Joe Mcnally Robert Fountain Land Contract —
    Aug 18, 2017 — Robert Fountain Larry R Potter Quit Claim Deed · related —

    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
    Big Rapids
    County
    Mecosta
    State
    Michigan
    Longitude
    -85.4837
    Latitude
    43.708
    CBSA code
    13660
    CBSA name
    BIG RAPIDS, 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
    $35,800
    -
    $0.00
    $0.00
    $71,600

    Comparable in this City

    • Value Estimation by Request
      40.38 Acres

      205th Ave

      VACANT COMMERCIAL LAND
      205th Ave, Big Rapids, MI 49307
      View Details
    • Value Estimation by Request
      10.65 Acres

      220th Ave

      VACANT COMMERCIAL LAND
      220th Ave, Big Rapids, MI 49307
      View Details
    • Value Estimation by Request
      1.31 Acres

      925 3rd Ave

      VACANT COMMERCIAL LAND
      925 3rd Ave, Big Rapids, MI 49307-9560
      View Details
    • Value Estimation by Request
      0.11 Acres

      110 3rd Ave

      VACANT COMMERCIAL LAND
      110 3rd Ave, Big Rapids, MI 49307
      View Details
    • Value Estimation by Request

      602 4th Ave

      VACANT COMMERCIAL LAND
      602 4th Ave, Big Rapids, MI 49307
      View Details
    • Value Estimation by Request

      602 4th Ave

      VACANT COMMERCIAL LAND
      602 4th Ave, Big Rapids, MI 49307
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,600 SF

      Prime Development Site in Big Rapids

      Development site on the Muskegon River with potential.
      226 Baldwin St, Big Rapids, MI 49307
      View Details
    • $259,900
      5.11 Acres

      5-Acre Commercial Parcel For Sale

      5-acre commercial land parcel with highway exposure in Big Rapids.
      15505 Waldron Way, Big Rapids, MI 49307
      View Details
    • $50,000
      25,265 SF

      Commercial Land on Northland Drive

      Vacant commercial parcel with high visibility and development potential.
      701 North State St, Big Rapids, MI 49307
      View Details
    • $50,000
      0.58 Acres

      Commercial Land in Big Rapids

      Vacant commercial land with high visibility and development potential.
      701 N State St, Big Rapids, MI 49307
      View Details
    • $234,000
      22.73 Acres

      Big Rapids Land Investment Opportunity

      22+ acres with highway frontage and creek, ideal investment.
      220Th Ave, Big Rapids, MI 49307
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for rent at 126 S Michigan Ave in Big Rapids, supporting a range of professional users.
      126 S Michigan Ave, Big Rapids, MI 49307
      View Details
    • $550 /Mo
      170 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple St, Big Rapids, MI 49307
      View Details
    • Contact for pricing

      Retail Space Near Ferris University

      10,552 SF retail space with high visibility.
      836 S State St, Big Rapids, MI 49307
      View Details
    • $4,800 /Mo
      3,600 SF

      Prime Location Office/Medical Space

      Versatile commercial space in a high-traffic area with ample parking.
      400 Perry Ave, Big Rapids, MI 49307
      View Details
    • $550 /Mo
      170 SF

      Downtown Big Rapids Office Space

      Updated office space in downtown Big Rapids, perfect for small business.
      211 Maple Ste 4 St, Big Rapids, MI 49307
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    818 N State St
    Big Rapids, MI 49307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    818 N State St, Big Rapids, MI, 49307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!