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Property profile & analytics
OFF-MARKET
Retail space
851 Laketon Ave Muskegon, MI 49441-2975
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-1181484
Property summary
AI-generated overview
This retail space is located in the City of Muskegon, minutes from Downtown, on a high-traffic road. Its corner location at W Laketon and Crowley provides exposure, enhanced by large front-facing windows suitable for signage and display. The interior features a spacious layout, vaulted ceilings in the rear room, and paint throughout. The space is versatile and can accommodate a variety of business types. Amenities include central A/C, two community restrooms with three stalls and a shower, and two storage rooms. On-site parking is available. The property is situated on a lot of 0.57 acres and offers 5332 square feet of living area. The zoning is B-4.
Property profile
Verified
Property type
Retail space
Use group
COMMERCIAL (GENERAL)
Year built
1927
Total area
5,332 SF
Lot
0.56 ac (24,611 SF)
Zoning code
B-4
APN
61-24-525-000-0061-00
UPID
US43-1181484
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
Lange,lois A Trust · 9 yrs held
Lange,lois A Trust
since 2017
3 recorded transactions
Zoning & alternative use
B-4 · Muskegon, 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 Muskegon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muskegon 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
$5,984
Tax year 2023
Assessed value
$167,100
Assessed 2024
Previous assessed
$156,900
+6.5% YoY
Effective rate
3.58%
On assessed value
Total market value
$334,200
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
Retail space
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1927
Heating
NONE
Buildings
2
Stories
2
Rooms
2
Bathrooms
2
Total area
5,332 SF
Lot
0.56 ac (24,611 SF)
Zoning code
B-4
APN
61-24-525-000-0061-00
UPID
US43-1181484
Jurisdiction
MUSKEGON
Zoning & alternative use
B-4 · Muskegon, MI
Zoning B-4 · permitted uses
B-4 · Muskegon, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Muskegon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Heating
NONE
Stories
2
Buildings
2
Rooms
2
Bathrooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Lange,lois A Trust
Trust
Mailing address
851 W LAKETON AVE STE #4, MUSKEGON, MI 49441-2975
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2017
—
Lange,lois A Trust
Lange Robert B
Quit Claim Deed
related
—
Jul 10, 2015
—
Lakeshore Transport & Storage
Lange,robert B & Lois
Quit Claim Deed
—
Mar 12, 2015
$38,000
Robert B Lange
Barteau Leasing LLC
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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