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Property profile & analytics
OFF-MARKET
Commercial land
850 Lk St Whitehall, MI 49461-1544
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1852244
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2008
Total area
200 SF
Lot
5 ac (217,800 SF)
Zoning code
R-3 RES
APN
61-22-028-300-0009-00
UPID
US43-1852244
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
City Of Whitehall · 2 yrs held
City Of Whitehall
since 2023
Last sale
$578,003
7 recorded transactions
Zoning & alternative use
R-3 RES · 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
$11,195
Tax year 2023
Assessed value
$325,000
Assessed 2024
Previous assessed
$325,000
+0.0% YoY
Effective rate
3.44%
On assessed value
Total market value
$650,000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
200 SF
Lot
5 ac (217,800 SF)
Zoning code
R-3 RES
APN
61-22-028-300-0009-00
UPID
US43-1852244
Jurisdiction
MUSKEGON
Zoning & alternative use
R-3 RES · Whitehall, MI
Zoning R-3 RES · permitted uses
R-3 RES · 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
2008
Heating
NONE
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
City Of Whitehall
Entity
Free & Clear · 2 yrs held
Mailing address
1680 BEARD DR SE, GRAND RAPIDS, MI 49546-6408
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
34 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
City Of Whitehall
Maple Street Land Investments LLC
Warranty Deed
—
Oct 30, 2023
—
Michael Jeppesen
Michael Jeppesen
Intrafamily Transfer
related
—
May 23, 2023
—
Kevin J Mckenna
Kevin Mckenna
Intrafamily Transfer
related
—
Sep 16, 2022
$27,500
Andrew Devooght
Southshore Development Corporation
Warranty Deed
—
Sep 15, 2022
$25,000
Michael Dickey
Southshore Development Corporation
Warranty Deed
—
Aug 26, 2022
$31,000
Donald Jolliffe
Southshore Development Corporation
Warranty Deed
—
Aug 16, 2022
$27,500
Breton L Vanderwall
Southshoure Development Corporation
Warranty Deed
—
Aug 10, 2022
$23,500
Kevin Frisch
Southshore Development Corporation
Warranty Deed
—
Jul 27, 2022
$27,500
Benjamin P Carlson
Southshore Development Corporation
Warranty Deed
—
Jul 18, 2022
$363,324
Gordon E Winzenburg
Southsthshore Development Corporati
Warranty Deed
—
Apr 20, 2022
$19,250
Michael Jeppesen
Southshore Development Corporation
Warranty Deed
—
Apr 7, 2022
$24,250
Andrew Macmillan Cummings Revocable
Southshore Development Corporation
Warranty Deed
—
Apr 7, 2022
$25,250
Andrew Macmillan Cummings Revocable
Southshore Development Corportion
Warranty Deed
—
Apr 5, 2022
$18,250
Michael J Klosterman
Southshore Development Corporation
Warranty Deed
—
Mar 28, 2022
$210,000
Lindel Hoff
Southshore Development Corp
Warranty Deed
$559,247 · Lake Michigan Cu
Mar 24, 2022
$18,250
Bradley Schmidt
Southshore Development Corporation
Warranty Deed
—
Mar 23, 2022
$110,000
Steven L Schatzel
Southshore Development Corporation
Warranty Deed
$417,857 · Lake Michigan Cu
Mar 15, 2022
$18,250
John J Meilner
Southshore Development Corporation
Warranty Deed
—
Mar 9, 2022
$24,250
Tom Boluyt
Southshore Development Corporation
Warranty Deed
—
Mar 8, 2022
$18,250
Robert Anderson
Southshore Development Corporation
Warranty Deed
—
Feb 14, 2022
$18,250
Kenneth W Castonia
Southshore Development Corporation
Warranty Deed
—
Feb 8, 2022
$17,250
Gregory Maxey
Southshore Development Corproration
Warranty Deed
—
Feb 3, 2022
$17,250
Rusty Mcbride
Southshore Developme Tn Corporation
Warranty Deed
—
Feb 3, 2022
$18,250
Mitchell Beiser
Southshore Development Corporation
Warranty Deed
—
Feb 2, 2022
$22,250
Gregory Vogel
Southshore Development Corp
Warranty Deed
$16,687 · Flint Creek Capital LLC
Jan 31, 2022
$18,250
John Hoff
Southshore Development Corporation
Warranty Deed
—
Jan 27, 2022
$18,250
Brent Kerr
Southshore Development Corporation
Warranty Deed
—
Jan 19, 2022
$18,250
Kevin Mckenna
Southshore Development Corporation
Warranty Deed
$13,687 · Flint Creek Capital LLC
Jan 13, 2022
$16,250
Bryce Bennett
Southshore Development Corporation
Warranty Deed
—
Jan 6, 2022
$220,000
Eloise Whitlock
Southshore Development Corporation
Warranty Deed
$575,172 · Lake Michigan Cu
Jan 3, 2022
$220,000
Benjamin Carlson
Southshore Development Corporation
Warranty Deed
$594,000 · Lake Michigan Cu
Nov 16, 2021
$140,000
Robert A Anderson
Southshore Development Corporation
Warranty Deed
$432,878 · Lake Michigan Cu
Jan 5, 2021
$1,910,000
Southshore Dev Corp
Maple Street Land Invs LLC
Warranty Deed
—
Feb 1, 2007
—
Old Farm Shores LLC
Genesco INC
Warranty Deed
—
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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