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    Property profile & analytics

    8381 Olive Rd West Olive, MI 49460-9701

    • Retail space
    • 800 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2624273
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 8381 Olive Rd

    Year built
    1960
    Lot size
    0.48 lot acres
    Property size
    800 SF
    Property type
    Retail space
    APN
    70-11-12-400-023
    APU
    701112400023

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Olive
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.1486
    Latitude
    42.9211
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN 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
    2022
    $846
    $0.00
    $0.00
    $29,200
    -
    $0.00
    $0.00
    $58,400

    Comparable in this City

    • Value Estimation by Request
      3,072 SF

      10933 Lk Michigan Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,072 SF
      10933 Lk Michigan Dr, West Olive, MI 49460-9631
      View Details
    • Value Estimation by Request
      8,808 SF

      7705 Olive Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,808 SF
      7705 Olive Rd, West Olive, MI 49460-9121
      View Details
    • Value Estimation
      $265,000
      4,224 SF

      9254 Olive Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,224 SF
      9254 Olive Rd, West Olive, MI 49460-9502
      View Details
    • Value Estimation by Request
      1,000 SF

      8459 Olive Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      8459 Olive Rd, West Olive, MI 49460-9605
      View Details
    • Value Estimation
      $175,000
      1,496 SF

      14315 Lk Michigan Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,496 SF
      14315 Lk Michigan Dr, West Olive, MI 49460-8971
      View Details
    • Value Estimation by Request
      6,683 SF

      12011 Lk Michigan Dr

      CONVENIENCE STORE • 6,683 SF
      12011 Lk Michigan Dr, West Olive, MI 49460-9630
      View Details

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    8381 Olive Rd
    West Olive, MI 49460-9701
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    Realmo Value Estimation

    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.

    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.

    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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