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    Property profile & analytics

    Elk Rapids, MI 49629

    • Commercial land
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-4088631
    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

    • Commercial land

    Property Details

    Property type
    Commercial land
    APN
    05-43-225-028-00
    APU
    54322502800

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elk Rapids
    County
    Antrim
    State
    Michigan
    Longitude
    -85.4
    Latitude
    44.9009

    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
    2020
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      124 Lk St

      VACANT COMMERCIAL LAND • 0.29 Acres
      124 Lk St, Elk Rapids, MI 49629-9750
      View Details
    • Value Estimation by Request

      302 Ames St

      VACANT COMMERCIAL LAND
      302 Ames St, Elk Rapids, MI 49629-9590
      View Details
    • Value Estimation by Request

      401 Brg St

      VACANT COMMERCIAL LAND
      401 Brg St, Elk Rapids, MI 49629-5111
      View Details
    • Value Estimation by Request

      218 Dexter St

      VACANT COMMERCIAL LAND
      218 Dexter St, Elk Rapids, MI 49629-9606
      View Details
    • Value Estimation by Request

      507 Elm St

      VACANT COMMERCIAL LAND
      507 Elm St, Elk Rapids, MI 49629-9729
      View Details
    • Value Estimation by Request

      875 Grn St

      VACANT COMMERCIAL LAND
      875 Grn St, Elk Rapids, MI 49629-9780
      View Details

    Similar Nearby for Sale

    • $199,900
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      Vacant lots in Elk Rapids, close to beaches and restaurants.
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    • $199,900
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      Elk Rapids Vacant Land Opportunity

      Vacant lots in Elk Rapids, close to beaches and restaurants.
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      Vacant lots in Elk Rapids, close to beaches and restaurants.
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      Vacant lots in Elk Rapids, close to beaches and restaurants.
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    • $199,900
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      Elk Rapids Vacant Land Opportunity

      Vacant lots in Elk Rapids, close to beaches and restaurants.
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    • $199,900
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      Elk Rapids Vacant Land Opportunity

      Vacant lots in Elk Rapids, close to beaches and restaurants.
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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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