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Property profile & analytics
FOR SALE
Commercial real estate
981 S Getty St Muskegon, MI 49442
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1414485
For Sale
1 / 21
$199,900
981 S Getty St, Muskegon, MI 49442
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1946
Total area
2,976 SF
Lot
0.19 ac (8,189 SF)
Zoning code
B-4
APN
61-24-205-061-0001-20
UPID
US43-1414485
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
Two Man & A Pan LLC · 2 yrs held
Two Man & A Pan LLC
since 2024
6 recorded transactions
Zoning & alternative use
B-4 · Muskegon, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS PREAMBLE The B-4 General Business District is designed to provide for a wide variety of business activities including automotive services and goods, and is generally incompatible with the uses in the B-1 and B-2 Business Districts. Placement along presently developed…
Zone name
General Business
General category
COMMERCIAL
Zone area
346.74 ac
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
$2,845
Tax year 2023
Assessed value
$68,100
Assessed 2024
Previous assessed
$66,100
+3.0% YoY
Effective rate
4.18%
On assessed value
Total market value
$136,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1946
Heating
NONE
Stories
1
Rooms
1
Total area
2,976 SF
Lot
0.19 ac (8,189 SF)
Zoning code
B-4
APN
61-24-205-061-0001-20
UPID
US43-1414485
Jurisdiction
MUSKEGON
Zoning & alternative use
B-4 · Muskegon, MIZoning 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
Zoning description
ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS PREAMBLE The B-4 General Business District is designed to provide for a wide variety of business activities including automotive services and goods, and is generally incompatible with the uses in the B-1 and B-2 Business Districts. Placement along presently developed major traffic arteries prevents the conflict of traffic and pedestrian movement since the General Business District is characterized by a minimum of pedestrian flow. The B-4 General Business Districts have been located in areas designated on the adopted Land Use Plan.
Zone name
General Business
General category
COMMERCIAL
Zone area
346.74 ac
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Stories
1
Rooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Two Man & A Pan LLC
Entity
Free & Clear · 2 yrs held
Mailing address
984 E APPLE AVE, MUSKEGON, MI 49442-3756
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
—
Two Man & A Pan LLC
Emerald City LLC
Quit Claim Deed
related
—
Jun 27, 2024
—
Two Man & A Pan LLC
Think Big G LLC
Quit Claim Deed
related
—
Aug 3, 2023
—
Two Man And A Pan LLC
Maxwell J Mcguffey
Affidavit Of Death Of Joint Tenant
—
Jul 7, 2023
—
Two Man And A Pan LLC
Think Big G LLC
Quit Claim Deed
related
—
Oct 28, 2019
$85,000
Think Big G LLC
Emerald City LLC
Grant Deed
—
Nov 23, 2015
—
Emerald City LLC
Jesar Rental 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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