Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    210 Cedar St Kalkaska, MI 49646-9410

    • Commercial real estate
    • 3.19 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2022
    $400,000
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3274814
    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 real estate

    Property Details for 210 Cedar St

    Lot size
    3.19 lot acres
    Property type
    Commercial real estate
    APN
    041-160-007-00
    APU
    4116000700

    Description

    This exceptional commercial property, located at 210 N Cedar in downtown Kalkaska, Michigan, presents a significant opportunity for businesses seeking a high-visibility location. The building boasts over 3,549 square feet of usable space, providing ample room for a variety of commercial ventures. Its strategic position on US 131 ensures high traffic volume, maximizing exposure and accessibility. The property sits on a generous 3.19-acre lot, offering significant potential for expansion or future development. Kalkaska's thriving economy, fueled by its status as a four-season destination and proximity to attractive waterfront communities, makes this an ideal location for businesses seeking to tap into a robust local market and draw from a wider regional customer base. The expansive lot size and existing building footprint provide flexibility for a range of business models, from retail and manufacturing to warehousing and distribution. The property is priced at $600,000, representing a compelling investment opportunity in a desirable and growing Michigan community. Don't miss this chance to secure a prime commercial location in Kalkaska.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $380,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kalkaska
    County
    Kalkaska
    State
    Michigan
    Longitude
    -85.1725
    Latitude
    44.7383
    CBSA code
    45900
    CBSA name
    TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

    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
    2023
    $6,502
    $0.00
    $0.00
    $177,200
    -
    $0.00
    $0.00
    $354,400

    Comparable in this City

    • Value Estimation by Request

      104 County Rd 612th NE

      COMMERCIAL (GENERAL)
      104 County Rd 612th NE, Kalkaska, MI 49646-8576
      View Details
    • Value Estimation by Request
      8.49 Acres

      520 Dresden St

      COMMERCIAL (GENERAL) • 8.49 Acres
      520 Dresden St, Kalkaska, MI 49646-9701
      View Details
    • Value Estimation by Request
      3.71 Acres

      1587 Enterprise Dr

      COMMERCIAL (GENERAL) • 3.71 Acres
      1587 Enterprise Dr, Kalkaska, MI 49646-8255
      View Details
    • Value Estimation by Request
      0.19 Acres

      605 Kettle Lk NE Rd

      COMMERCIAL (GENERAL) • 0.19 Acres
      605 Kettle Lk NE Rd, Kalkaska, MI 49646-9125
      View Details
    • Value Estimation by Request
      0.10 Acres

      313 Maple St

      COMMERCIAL (GENERAL) • 0.10 Acres
      313 Maple St, Kalkaska, MI 49646-5101
      View Details
    • Value Estimation by Request

      303 Maple St

      COMMERCIAL (GENERAL)
      303 Maple St, Kalkaska, MI 49646-8249
      View Details

    Similar Nearby for Sale

    • $2,550,000
      31,500 SF

      Kalkaska Industrial Building For Sale

      Spacious industrial building, prime location.
      210 Park Dr, Kalkaska, MI 49646
      View Details
    • $259,000
      4,380 SF

      10945 M 72, Kalkaska, MI 49646

      Industrial properties • 4,380 SF
      10945 M 72, Kalkaska, MI 49646
      View Details
    • $1,220,000
      10,640 SF

      Freestanding Dollar General in Kalkaska

      Single tenant Dollar General with absolute NNN lease structure.
      10881 M 72 E, Kalkaska, MI 49646
      View Details
    • $199,000
      Pending

      Industrial Manufacturing Space For Sale

      6,400 SF industrial building suitable for manufacturing and cannabis cultivation.
      404 S Park Dr, Kalkaska, MI 49646
      View Details
    • $70,000
      2.50 Acres

      2.5-Acre Parcel Near Manistee Lake

      2.5-acre parcel in Kalkaska County with electric and well.
      5038 East Shore Dr, Kalkaska, MI 49646
      View Details
    • $89,900

      Northern Michigan Wilderness Land

      30+ acres of pristine Northern Michigan wilderness.
      4610 Sanmott Trl NE, Kalkaska, MI 49646
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    210 Cedar St
    Kalkaska, MI 49646-9410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.