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    Specialty Property with Highway Access Title is generated by Realmo AI

    20179 N Coates Highway, Brethren, MI 49619

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    For Sale
    $769,000

    For sale in Manistee County with convenient drive access directly off Coates Highway.

    Type:Land
    Added:
    May 7, 2026
    Days on Market:
    33
    Last Refresh:
    Jun 6 at 5:02 am

    Property Features for 20179 N Coates Highway

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Leanne Labelle

    Listing agent Leanne Labelle License #6501405476

    Listing office LIGHTHOUSE REALTY-Manistee

    Listing date May 7, 2026

    Source Evrealestate

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

    All listing content including descriptions, pricing, images are the copyrighted material of LIGHTHOUSE REALTY-Manistee

    HighLights

    • Driveway provides direct access off Coates Hwy in Manistee County (Manistee).
    • Directions: From Brethren, take Coates Hwy east about 6.5 miles, just past Pine Stump Rd.
    • Directions: From M55/M37, go west to Warfield Rd, then north to Coates Hwy about 3.2 miles west.

    Overview

    This is a specialty-use commercial property offered for sale in Manistee County. The listing includes access via a driveway located on the south side of Coates Highway, with directions describing where to turn in relation to nearby roadside landmarks.

    Directions from Brethren: take Coates Hwy east for approximately 6.5 miles, just past Pine Stump Rd. The driveway is just past the guardrail on the south side. From M55/M37, travel west to Warfield Rd, then north to Coates Hwy and continue about 3.2 miles west; the driveway is just before the guardrail on the south side, after Lagerquist Rd.

    Because the available information is focused on access and roadway directions, prospective buyers should confirm the onsite layout and suitability for their intended specialty use during due diligence. The property’s location along Coates Highway is the key practical attribute highlighted in the remarks, supporting straightforward arrival and circulation from the main road.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brethren
    County
    Manistee
    State
    Michigan
    Longitude
    -85.901624
    Latitude
    44.302026

    FAQs

    What type of property is this?
    Specialty property - For sale in Manistee County with convenient drive access directly off Coates Highway.
    Where is this specialty property located?
    The property is located at 20179 N Coates Highway Brethren, MI.
    What is the asking price?
    The asking price for this property is $769,000.
    What are key features of this property?
    This property features: Driveway provides direct access off Coates Hwy in Manistee County (Manistee).; Directions: From Brethren, take Coates Hwy east about 6.5 miles, just past Pine Stump Rd.; Directions: From M55/M37, go west to Warfield Rd, then north to Coates Hwy about 3.2 miles west.
    (239) 887-0998
    We can help!
    Listing Contact
    Leanne Labelle
    Real Estate License ID: 6501405476
    Learn More
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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
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    20179 N Coates Highway, Brethren, MI 49619
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