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Property profile & analytics
OFF-MARKET
Commercial real estate
8198 Whitehall Rd, Whitehall, MI 49461-9497
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0560178
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
3,360 SF
Lot
0.66 ac (28,793 SF)
Zoning code
MI LIMI
APN
61-03-026-100-0019-00
UPID
US43-0560178
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pelican Ranch LLC · 3 yrs held
Pelican Ranch LLC
since 2023
Last sale
$300,000
4 recorded transactions
Zoning & alternative use
MI LIMI · Whitehall, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Whitehall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whitehall 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,009
Tax year 2023
Assessed value
$82,800
Assessed 2024
Previous assessed
$79,800
+3.8% YoY
Effective rate
4.84%
On assessed value
Total market value
$165,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
SPACE
Stories
1
Rooms
1
Total area
3,360 SF
Lot
0.66 ac (28,793 SF)
Zoning code
MI LIMI
APN
61-03-026-100-0019-00
UPID
US43-0560178
Jurisdiction
MUSKEGON
Zoning & alternative use
MI LIMI · Whitehall, MI
Zoning MI LIMI · permitted uses
MI LIMI · Whitehall, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whitehall. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
SPACE
Stories
1
Rooms
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Pelican Ranch LLC
Entity
Mailing address
408 ROBINSON DR, WHITEHALL, MI 49461-8605
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2023
$300,000
Pelican Ranch LLC
Jordan Carr
Warranty Deed
—
Sep 20, 2021
—
Jordon Carr
—
Deed
related
$100,000 · The Shelby State Bank
Dec 1, 2016
$164,100
Chemical Bk
Sheriff Of Muskegon County|busy B LLC
Trustees Deed
related
—
—
—
Busy B LLC
—
Deed Of Trust
related
$146,000 · Lake Shore Associates LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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