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    For Sale (17)

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    Owosso Warehouse/Storage Opportunity
    $349,999
    14,800 SF

    Owosso Warehouse/Storage Opportunity

    14,800 SF warehouse/storage building on 1.37 acres in Owosso.

    403 State St, Owosso, MI 48867
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    Royal Oak Retail Opportunity
    $825,000
    2,818 SF

    Royal Oak Retail Opportunity

    Retail building in a great location in Royal Oak, MI.

    1018 E Eleven Mile Rd, Royal Oak, MI 48067
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    Flint Office/Warehouse Industrial Park
    $539,850
    6,410 SF

    Flint Office/Warehouse Industrial Park

    Office/warehouse near expressways, airport, and railroad yard.

    5081 Exchange Dr, Flint, MI 48507
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    Corunna Mixed-Use Storefront Opportunity
    $600,000
    6,256 SF

    Corunna Mixed-Use Storefront Opportunity

    6200+ sq ft storefront with two apartments and garages.

    2256 E Main St, Owosso, MI 48867
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    McCaslin Lake Waterfront Building Site
    $99,850

    McCaslin Lake Waterfront Building Site

    Spectacular lakefront lot with gentle slope and sandy bottom.

    15177 Mccaslin Lake Rd, Linden, MI 48451
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    Mixed-Use Investment Opportunity, Corunna, MI
    $150,000
    5,200 SF

    Mixed-Use Investment Opportunity, Corunna, MI

    5,200 sq ft corner lot with high visibility and income potential.

    301 N Shiawassee St, Corunna, MI 48817
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    McCaslin Lake Waterfront Building Site
    $99,850

    McCaslin Lake Waterfront Building Site

    Spectacular lakefront lot on a serene, no-motor lake.

    15050 Longfield Dr, Linden, MI 48451
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    McCaslin Lake Waterfront Building Site
    $99,850

    McCaslin Lake Waterfront Building Site

    Spectacular lakefront lot on no motor McCaslin Lake.

    15045 Longfield Dr, Linden, MI 48451
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    Swartz Creek Church and Residence
    $450,000
    2,400 SF

    Swartz Creek Church and Residence

    Church and three-bedroom house on a 10-acre parcel.

    8410 Linden Rd, Swartz Creek, MI 48473
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    Flushing Assisted Living Facility
    $500,000
    3,658 SF

    Flushing Assisted Living Facility

    12-bed licensed assisted living facility on 1.75 acres.

    1111 0000 Rd, Flushing, MI 48433
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    Versatile Commercial Building on Corner Lot
    $95,000
    2,800 SF

    Versatile Commercial Building on Corner Lot

    Adaptable 2,800 SF commercial building with high visibility.

    2549 Corunna Rd, Flint, MI 48503
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    Residential Land in Flint, MI
    Contact for pricing

    Residential Land in Flint, MI

    Vacant land parcel ready for new home construction.

    0000 Reuben Reuben Dr, Flint, MI 48532
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    Residential Land in August Meadows
    Contact for pricing

    Residential Land in August Meadows

    Two lots available in quiet New Lothrop subdivision.

    Old Timber Trl, New Lothrop, MI 48460
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    Residential Land in Augusta Meadows
    Contact for pricing

    Residential Land in Augusta Meadows

    Vacant land in New Lothrop with utilities available.

    Old Timber Trl, New Lothrop, MI 48460
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    Restored Building on M-21
    $549,900
    2,070 SF

    Restored Building on M-21

    Commercial building on 4.28 acres, move-in ready for business.

    2250 E Main, Owosso, MI 48867
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    Potential Indoor Storage Building
    $349,999

    Potential Indoor Storage Building

    Building suitable for indoor storage in Owosso, Michigan.

    403 State St, Owosso, MI 48867
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    Restored Building on M-21
    $549,900

    Restored Building on M-21

    Commercial building on almost 5 acres, move-in ready.

    2250 E M 21, Owosso, MI 48867
    View details

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    American Associates REALTORS
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    American Associates REALTORS
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