Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    11159 Red Arrow Hwy, Unit 278 Bridgman, MI 49106

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $94,900

    2018 Cavco ranch with modern features and community amenities.

    Building Details

    Year built
    2018

    We can help!

    Listing Contact
    Aris Kubash
    Source: Elliman

    Listing Agent: Aris Kubash

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

    Learn more

    Overview

    Modern Mobile Home in Bridgman

    This 2018 Cavco ranch is located in Warren Dunes Village in Bridgman. The home features three bedrooms and two full bathrooms in a modern, single-level layout. The open-concept design integrates the kitchen, living room, and dining room. The master bedroom can comfortably fit a king-sized bed and includes a large walk-in closet and an ensuite bathroom with a shower stall, a large tub, and dual sinks. Other appliances are included. A deck is located just off the dining room, and a 10 x 12 ft shed is also included. Lot rent is $653 per month, and water/sewer charges are additional. The lot rent includes trash service and access to the clubhouse (with a $100 deposit), playground, pool, hot tub, and basketball court. The property is located 8 minutes from Weko Beach and 10 minutes from downtown Bridgman. Offers are contingent on the buyer passing a background and credit check. The community has a two-pet maximum policy, with restrictions on certain breeds.
    Location Intelligence

    Current Use by Public Records

    Mi dulce hogar 🏡 Housing Complex Warren Dunes Village Mobile Home Park Andrew Thiessen Piano ... Piano Tuning Service

    Suggested Use

    Restaurant Hotel & Motel Auto Repair Shop Convenience Store Bed & Breakfast Storage Facility Catering Service Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgman
    County
    Berrien
    State
    Michigan
    Longitude
    -86.581419
    Latitude
    41.915527

    Nearby Similar for Sale

    • $250,000
      3,040 SF

      Versatile Commercial Space in Bridgman

      Adaptable commercial space in downtown Bridgman, currently a place of worship.
      4161 Lake St, Bridgman, MI 49106
      View Details
    • $249,000
      1,593 SF

      High Visibility Commercial Space

      Commercial space in the heart of Bridgman, Michigan, near Lake Michigan.
      9723 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $259,000
      1,869 SF

      High Visibility Commercial Space Available

      Commercial space in the heart of Bridgman, Michigan, near Lake Michigan.
      9729 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $399,000
      6,000 SF

      Commercial Property in High-Traffic Area

      Family-owned commercial building in high-traffic area near I-94.
      8669 Red Arrow Hwy, Bridgman, MI 49106
      View Details
    • $320,000
      1,368 SF

      Established Dog Wash Business

      Well-located dog wash and grooming business with building for sale.
      4445 Lake St, Bridgman, MI 49106
      View Details
    • $320,000
      3,040 SF

      Prime Bridgman Industrial Space

      Versatile Commercial Building, Downtown Bridgman
      4161 Lake St, Bridgman, MI 49106
      View Details
    • $289,500
      2,554 SF

      Bridgman Industrial Building - Great Location

      Two-unit building, high visibility, park-like setting.
      9845 Red Arrow Hwy, Bridgman, MI 49106
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - 2018 Cavco ranch with modern features and community amenities.
    Where is this mobile home & rv park located?
    The property is located at 11159 Red Arrow Hwy, Unit 278 Bridgman, MI.
    What is the asking price?
    The asking price for this property is $94,900.
    What are key features of this property?
    This property features: - Modern, move-in ready 2018 Cavco ranch home.; - Located in Warren Dunes Village, close to Weko Beach and downtown Bridgman.; - Open-concept layout with welcoming kitchen, living room, and dining room.
    (269) 757-1714
    Request Owner's contact information
    11159 Red Arrow Hwy, Unit 278 Bridgman, MI 49106
    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.
    11159 Red Arrow Hwy, Unit 278
    Bridgman, MI 49106
    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
    11159 Red Arrow Hwy, Unit 278 Bridgman, MI 49106
    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

    We can help!
    Listing Contact
    Aris Kubash
    (269) 757-1714
    Learn more
    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.