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    1955 Angling Rd Watervliet, MI 49098

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    For Sale
    $800,000

    33-acre vineyard with apple orchards, ponds, and unique barn home.

    Lot size:
    32.93 Acres

    Property Features for 1955 Angling Rd

    General Information

    Lot size
    32.93 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Nicole Swisher
    Source: Elliman

    Listing Agent: Nicole Swisher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bainbridge Township Vineyard with Barn

    Located in Bainbridge Township, Watervliet, this 33-acre property features two ponds, apple orchards, a pole building, and a unique barn home. The barn home includes main-level living space and an upstairs studio with an open barrel wood ceiling. Special features include a large wine cellar and an observation tower providing views of fields and terraced vineyards. The pole building has a concrete floor, electricity, and three overhead doors. The property includes a little over 12 acres of income-producing apple trees, several acres of tillable land, and some wooded area. An additional 36.83-acre Terrace Hill Vineyard property across the road is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vineyards

    Suggested Use

    Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watervliet
    County
    Berrien
    State
    Michigan
    Longitude
    -86.268696
    Latitude
    42.150416

    Nearby Similar for Sale

    • $810,000
      36.83 Acres

      36.83 Acre Income Opportunity Estate

      Estate with rental homes, cherry trees, and wine-producing vineyards.
      1980 Angling Rd, Watervliet, MI 49098
      View Details
    • $249,500
      1,680 SF

      Main Street Retail/Office Opportunity

      Retail/office space with living quarters in high-traffic area.
      4875 N Watervliet Rd, Watervliet, MI 49098
      View Details
    • $1,900,000

      Adult-Use Provisioning Center Opportunity

      Adult-Use Retail License and Leasehold Rights for sale.
      8277 Arnt Blvd, Watervliet, MI 49098
      View Details

    FAQs

    What type of property is this?
    Vineyard - 33-acre vineyard with apple orchards, ponds, and unique barn home.
    Where is this vineyard located?
    The property is located at 1955 Angling Rd Watervliet, MI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Discover this 33-acre property featuring 2 ponds, apple orchards, tillable land, and wooded areas.; - Unique 'Barn Home' offers main level living space and a stunning upstairs studio with open barrel wood ceiling.; - Income-producing apple trees (over 12 acres) provide agricultural opportunities.
    (269) 363-6109
    Request Owner's contact information
    1955 Angling Rd Watervliet, MI 49098
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    Watervliet, MI 49098
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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
    1955 Angling Rd Watervliet, MI 49098
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    We can help!
    Listing Contact
    Nicole Swisher
    (269) 363-6109
    Learn more
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