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    Hesperia Commercial Property on 8.45 Acres Title is generated by Realmo AI

    8121 E M 20, Hesperia, MI 49421

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    Claim this Listing
    For Sale
    $500,000

    COMMERCIAL - Hesperia, MI

    Property size:
    10,866 SF
    Lot size:
    8.45 Acres
    Price / SF:
    $46/SF
    Added:
    May 17, 2024
    Days on Market:
    730
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 8121 E M 20

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
    Standard status
    Active
    APN
    014-035-100-04
    Size
    10,866 SF
    Lot size
    8.45 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    See Tax records ~ 2 Parcels 014-035-100-04 014-035-100-01
    Tax Annual Amount
    6301

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Heating system
    Radiant
    Water source
    Well

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    3
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Randy Poll

    Listing agent Randy Poll License #6501317630

    Listing office Greenridge Realty Inc 1311 W Main, Saranac, MI

    Listing date May 17, 2024

    MLS# 24024880

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 8.45‑acre property on a main road between Hesperia and US 31.
    • Features a 110 x 70 steel building (4 years old) with heating, a bathroom, and a vehicle pit.
    • Includes a large office building with 3 bathrooms and office space.
    • Has an additional storage building and loading dock.
    • Equipped with a large area with electric plugins for vehicle storage/movement.
    • Metal construction and roof.

    Overview

    This commercial property, formerly the Herin Brothers Trucking Company, is situated on 8.45 acres. It features a 110 x 70 steel building, approximately four years old, equipped with heating, a bathroom, and a vehicle maintenance pit. Additionally, there is a large office building containing three bathrooms and office space. A storage building and loading dock are located just off the back of the main building. The property also includes a large area with electric plugins, providing ample space for vehicle movement. The property is located on the main drag between Hesperia and US 31.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Herin Brothers Inc Trucking Company

    Suggested Use

    Building Supply Auto Repair Shop Pharmacy (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hesperia
    County
    Oceana
    State
    Michigan
    Longitude
    -86.075401
    Latitude
    43.56887

    Nearby Similar for Sale

    • $131,000
      2,816 SF

      Retail Store on Corner Lot

      Former retail store with food sales on 1.76 acres.
      6390 N Comstock Avenue, Hesperia, MI 49421
      View Details
    • $500,000
      10,866 SF

      Versatile Commercial Property on 8.45 Acres

      Commercial property with office, shop, and ample vehicle storage.
      8121 E M 20, Hesperia, MI 49421
      View Details

    FAQs

    What type of property is this?
    Truck terminal - Commercial property on 8.45 acres with multiple buildings.
    Where is this truck terminal located?
    The property is located at 8121 E M 20 Hesperia, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Large 8.45‑acre property on a main road between Hesperia and US 31.; Features a **110 x 70 steel building (4 years old) with heating, a bathroom, and a vehicle pit.**; Includes a **large office building with 3 bathrooms and office space.**
    (231) 924-8668
    We can help!
    Listing Contact
    Randy Poll
    Real Estate License ID: 6501317630
    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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