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Property profile & analytics
OFF-MARKET
Industrial properties
951 Barney Ave, Muskegon, MI 49444-1708
Entity Owned
~
Est. High Equity
Property ID
US43-1448043
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1964
Total area
6,900 SF
Lot
4.1 ac (178,596 SF)
Zoning code
I-2
APN
61-24-133-300-0009-00
UPID
US43-1448043
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
Tkce Holdings LLC
Tkce Holdings LLC
since 2025
Last sale
$483,000
7 recorded transactions
Zoning & alternative use
I-2 · 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
$11,849
Tax year 2023
Assessed value
$207,500
Assessed 2024
Previous assessed
$188,400
+10.1% YoY
Effective rate
5.71%
On assessed value
Total market value
$415,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Rooms
1
Total area
6,900 SF
Lot
4.1 ac (178,596 SF)
Zoning code
I-2
APN
61-24-133-300-0009-00
UPID
US43-1448043
Jurisdiction
MUSKEGON
Zoning & alternative use
I-2 · Muskegon, MI
Zoning I-2 · permitted uses
I-2 · 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
1964
Heating
NONE
Stories
1
Rooms
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Tkce Holdings LLC
Entity
Mailing address
4525 CLAY AVE SW, GRAND RAPIDS, MI 49548-3066
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
$483,000
Tkce Holdings LLC
Wbl Spo I LLC
Deed
$378,400 · Choiceone Bank
Nov 4, 2024
—
Lad Properties LLC
—
Deed
related
$343,750 · Velocity Commercial Capital LLC
Sep 25, 2024
—
Lad Properties LLC
—
Deed
related
$775,000 · World Business Lenders LLC
Mar 21, 2024
—
Lad Properties LLC
—
Deed
related
$1,200,000 · Miller Johnson Plc
Sep 20, 2021
—
Lad Properties LLC
—
Deed
related
$1,000,000 · Comerica Bank
Dec 10, 2020
—
Lad Properties LLC
Waste Recovery Holdings LLC
Warranty Deed
—
Jul 18, 2019
—
Custom Crushing & Recycle Lksh
Steven R Franklin
Correction Deed
related
—
Apr 15, 2019
—
Custom Crushing & Recycle Lksh
Steven R Franklin
Warranty Deed
—
Mar 31, 2017
—
Aggregates Excavating & Logist
Link Property Co 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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