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    James Engler, Mount Pleasant, MI

    License ID: 6506041138
    Years of Experience
    43

    Service Locations

    Contact details

    Phone:
    (989) 330-2473
    Office Address:
    209 E Chippewa Street, Mount Pleasant, MI 48858

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land

    Performance

    Listings
    13
    Total transactions
    24
    Total transactions amount
    $6M
    Price range
    $45k - 575k
    Average price
    $250k

    Listings

    For Sale (9)

    View map
    • $459,900
      5,500 SF

      Day Care Investment Opportunity

      Commercial building leased to a successful daycare business with 8% return.
      1510 W High St, Mt Pleasant, MI 48858
      View Details
    • New
      $549,900
      22,218 SF

      Downtown Alma Office Building

      Class A office building with parking in downtown Alma.
      311 Woodworth Ave, Alma, MI 48801
      View Details
    • $375,000
      8,900 SF

      Mt Pleasant Commercial Building

      Commercial building with retail and warehouse space, cannabis zoning.
      319 N Mission St, Mt Pleasant, MI 48858
      View Details
    • $875,000
      9,050 SF

      Medical/Dental Office with Large Parking

      4050 SF medical office with 12' basement and large parking.
      520 N Mission St, Mt Pleasant, MI 48858
      View Details
    • $699,900
      2.63 Acres

      Commercial Land with Rental Income

      2.63 acres with frontage and existing rental income.
      4205 S Isabella Rd, Mt Pleasant, MI 48858
      View Details
    • $259,000
      10.09 Acres

      Residential Land in Mt Pleasant

      10 acres of residential land with municipal services.
      2378 S Lincoln St, Mt Pleasant, MI 48858
      View Details
    • $425,000
      17.60 Acres

      Commercial Land in Mt Pleasant

      17+ acres zoned commercial and multi-family in Mt Pleasant.
      E Broomfield Rd, Mt Pleasant, MI 48858
      View Details
    • $135,000
      0.79 Acres

      Commercial Land in Mt Pleasant

      Vacant commercial parcel with high traffic and street frontage.
      825 E Pickard St, Mt Pleasant, MI 48858
      View Details
    • $550,000

      Land For Sale

      Land available for sale.
      2803 W Blanchard Rd, Winn, MI 48896
      View Details

    For Lease (4)

    View map
    • $14 SF/Yr
      3,600 SF

      Move-in Ready Medical Office Space

      Medical office space with exam rooms and private entrance available for lease.
      4639 E Pickard Rd, Mt Pleasant, MI 48858
      View Details
    • $500 /Mo
      1,600 SF

      Mt Pleasant Warehouse/Manufacturing Space

      Warehouse/manufacturing space for lease in Mt Pleasant, Michigan.
      4049 S Northwind Dr, Mt Pleasant, MI 48858
      View Details
    • $800 /Mo
      1,327 SF

      Mt Pleasant Office with Storage

      Office space with basement and outside storage yard for lease.
      4049 E Northwind Dr, Mt Pleasant, MI 48858
      View Details
    • $2,000 /Mo
      2,376 SF

      Industrial Shop For Rent

      Industrial shop with overhead doors and crane for rent.
      1315 N Mission Rd, Mt Pleasant, MI 48858
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    James Engler, Mount Pleasant, MI
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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.

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