Property profile

100 Caspian Ave Caspian, MI 49915

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US43-2950113
1,792 SF 0.74 ac lot Built 1994
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property consists of a 12,800 sq ft main commercial building that was previously used for meat processing and supply operations. The layout includes multiple walk-in coolers and processing stations, with a basement containing a breakroom, restroom, and additional refrigerated storage. A retail area is located at the front, alongside living quarters and office space. Ceiling heights vary across the structure at 9 ft, 10 ft, and 14 ft, and the building construction includes 14 in. block bar joists. Electrical infrastructure includes 3-phase 220 power and two 200-amp electrical services. An additional 1,800 sq ft garage is included, and the property is set on a large paved lot. The location is off Hwy 424.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1994
Total area 1,792 SF
Lot 0.74 ac (32,234 SF)
APN 051-208-001-00
UPID US43-2950113

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Butcher Big Box & Wholesale Store

Location

100 Caspian Ave Caspian, MI 49915-5144
Caspian metro Census 400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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