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    For Sale (22)

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    Vacant Lot Near Palmer Lake
    Contact for pricing
    0.44 Acres

    Vacant Lot Near Palmer Lake

    Buildable lot with city utilities near downtown Colon.

    Vl Bowman St, Colon, MI 49040
    View details
    Operational Cultivation and Processing Facility
    $575,000
    7,260 SF

    Operational Cultivation and Processing Facility

    State-approved cultivation and processing facility ready for immediate operation.

    1003 N Elm St, Tekonsha, MI 49092
    View details
    Renovated Commercial Building in Coldwater
    $189,900
    1,200 SF

    Renovated Commercial Building in Coldwater

    Turnkey 1,200 sq ft commercial building in Coldwater, MI.

    440 S Clay St, Coldwater, MI 49036
    View details
    Belding Duplex Investment Opportunity
    $160,000
    0.14 Acres

    Belding Duplex Investment Opportunity

    Turnkey duplex in Belding, MI, perfect for investors or owner-occupants.

    107 W Center St, Belding, MI 48809
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    Downtown Kalamazoo Investment Opportunity
    $850,000
    3,800 SF

    Downtown Kalamazoo Investment Opportunity

    Turnkey investment opportunity in the heart of Downtown Kalamazoo.

    603 N Burdick St, Kalamazoo, MI 49007
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    27 Acres of Scenic Land
    $245,000
    27.41 Acres

    27 Acres of Scenic Land

    27-acre parcel with rolling terrain, woods, and food plots.

    2Nd St S, Schoolcraft, MI 49087
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    64+ Acre Schoolcraft Land Parcel
    $1,750,000
    64.60 Acres

    64+ Acre Schoolcraft Land Parcel

    Exceptional 64+ acre parcel with tillable fields, woods, and wetlands.

    W Vw Ave, Schoolcraft, MI 49087
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    Channel-Front Land on Dragon Lake
    $59,900
    0.29 Acres

    Channel-Front Land on Dragon Lake

    Waterfront property with private access to Dragon Lake.

    215 Prairie River Dr, Coldwater, MI 49036
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    Land in Battle Creek, MI
    $82,900
    11.57 Acres

    Land in Battle Creek, MI

    11.57 acres of land suitable for a new home.

    V/L Collier Ave, Battle Creek, MI 49017
    View details
    Lakefront Building Site Opportunity
    $324,900
    0.69 Acres

    Lakefront Building Site Opportunity

    Lakefront building site on all-sports Pine Lake.

    12387 Sunset Point Dr, Plainwell, MI 49080
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    Versatile Commercial Property Near Town
    $429,900
    7,000 SF

    Versatile Commercial Property Near Town

    7,000 sq ft commercial property on 3.5 acres.

    349 S Clay St, Coldwater, MI 49036
    View details
    Riverfront Quadplex in Three Rivers
    $350,300
    0.48 Acres

    Riverfront Quadplex in Three Rivers

    Well-maintained quadplex with river frontage and 100% occupancy.

    500 River St, Three Rivers, MI 49093
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    Riverfront Quadplex in Three Rivers
    $350,300
    0.29 Acres

    Riverfront Quadplex in Three Rivers

    Well-maintained quadplex with river frontage and 100% occupancy.

    416 River St, Three Rivers, MI 49093
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    Parchment Duplex Near Kindleberger Park
    $265,000
    0.20 Acres

    Parchment Duplex Near Kindleberger Park

    Income-generating duplex in prime Parchment location near amenities.

    224-226 Maple St, Parchment, MI 49004
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    Versatile Commercial Building on 2.6 Acres
    $450,000
    6,830 SF

    Versatile Commercial Building on 2.6 Acres

    Well-maintained 6,800 sq ft commercial building suitable for various uses.

    1015 N Centerville St, Sturgis, MI 49091
    View details
    Wooded Lots with Cabin
    $40,000
    0.23 Acres

    Wooded Lots with Cabin

    Four wooded lots with cabin, well, septic, and electric.

    9447 S Wildwood Blvd, Baldwin, MI 49304
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    Bronson Multifamily Home with Acreage
    $279,900
    1.27 Acres

    Bronson Multifamily Home with Acreage

    Multifamily property on 1.27 acres with income potential.

    755 Whipple Rd, Bronson, MI 49028
    View details
    22.85 Acre Country Parcel
    $249,000
    22.85 Acres

    22.85 Acre Country Parcel

    Country parcel with open and wooded ground, large pole barn.

    51133 Creglow Rd, Marcellus, MI 49067
    View details
    Wooded Lot in Springfield
    $30,000
    0.69 Acres

    Wooded Lot in Springfield

    Scenic 0.69 acre lot to build your dream home.

    1272 Westlake Woods Dr, Battle Creek, MI 49037
    View details
    Kalamazoo Multifamily Investment Opportunity
    $415,000
    0.43 Acres

    Kalamazoo Multifamily Investment Opportunity

    Certified rental property near Western Michigan University with strong cash flow.

    3419 W Michigan Ave, Kalamazoo, MI 49006
    View details
    Versatile Mixed-Use Property in Three Rivers
    $177,777
    5,348 SF

    Versatile Mixed-Use Property in Three Rivers

    Adaptable mixed-use property in a thriving business district.

    118 N Main St, Three Rivers, MI 49093
    View details
    Commercial Land on Elm Street
    $575,000

    Commercial Land on Elm Street

    Commercial land available on Elm Street in Tekonsha, Michigan.

    1003 N Elm St, Tekonsha, MI 49092
    View details

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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
    Michigan Top Producers
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