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

    Marine City Hwy Casco, MI 48064

    Sponsored
    For Lease
    Contact for pricing

    14 Acres, Build-to-Suit Opportunity

    Lot size:
    16,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 14-acre industrial land parcel in Casco, Michigan, presents a unique build-to-suit opportunity. Located conveniently on Marine City Highway, with a zip code of 48064, this property offers significant potential for development. The site is currently vacant and totals 16,150 square feet, zoned for industrial use within St. Clair County. The existing design allows for up to 16,150 square feet of build-to-suit space, catering to a variety of industrial needs. A preliminary design includes a 1,500 square foot shop and up to 14,650 square feet of adaptable office space. However, this design is flexible and can be modified to meet specific tenant requirements, ensuring a customized solution. The multiple tenancy designation allows for diverse development options. This prime location in Casco offers excellent access to transportation networks, making it an ideal site for businesses seeking efficient logistics and a strategic presence in the region. The property's size and flexibility make it an attractive investment for developers and businesses alike, seeking to establish a significant footprint in a thriving area. Contact us today to discuss your vision for this exceptional industrial land opportunity.

    Property Features for 0 Marine City Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,150 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    16,150 SF

    HighLights

    • Negotiable lease rate based on tenant improvements.
    • Excellent location for contractor or equipment businesses.
    • Multiple overhead doors, up to 14 feet high.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Casco
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.6707567
    Latitude
    42.7230096

    Nearby Comparable

    • $11 SF/Yr
      40,000 SF

      New Construction Industrial Development

      New industrial development with freeway access in Ira Township.
      10169 Marine City Hwy, Fair Haven, MI 48023
      View Details
    • $11 SF/Yr
      10,000 SF

      Prime Medical Office Space in Ira Twp

      10,000 SF Medical Office Building, Suites Available
      10127 Marine City Hwy, Ira Twp, MI 48023
      View Details
    • $11 SF/Yr
      24,000 SF

      New Construction Industrial Development

      New industrial construction with freeway access and highway exposure.
      10137 Marine City Hwy, Ira, MI 48023
      View Details
    • $11 SF/Yr
      20,000 SF

      New Construction Industrial Development

      New industrial development with freeway access and highway exposure.
      10137 Marine City Hwy, Fair Haven, MI 48023
      View Details
    • Contact for pricing
      1,366 SF

      Meijer In-Store Retail Space

      High-traffic retail spaces available.
      36865 26 Mile Rd, Lenox, MI 48048
      View Details
    • $1.00 SF/Yr
      5,000 SF

      Prime New Baltimore Retail Space

      5,000 SF Retail Space For Lease
      37040 Green St, New Baltimore, MI 48047
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Available For Lease

      5,000 sqft retail space for lease.
      37030 Green St, New Baltimore, MI 48047
      View Details
    • $6 SF/Yr
      22,114 SF

      Manufacturing Facility with Storage Yard

      Heavy manufacturing facility with office, power, and storage yard.
      50270 E Russell Schmidt Blvd, Chesterfield, MI
      View Details
    • $6 SF/Yr
      711,547 SF

      Manufacturing/Distribution Facility with Crane Capacity

      Divisible manufacturing/distribution facility with ample trailer parking and cranes.
      26090 Twenty-Three Mile Rd, Chesterfield, MI
      View Details
    • $15 SF/Yr
      2,646 SF

      Retail Space on Gratiot Avenue

      Retail space available for lease on Gratiot Avenue.
      46970 Gratiot Ave, Chesterfield, MI
      View Details
    • $7 SF/Yr
      21,280 SF

      Industrial Facility Near I-94

      Versatile industrial facility suitable for distribution and manufacturing.
      30505 Commerce Blvd, Chesterfield, MI
      View Details
    • $35 SF/Yr
      5,641 SF

      Freestanding Building with Drive-Thru Potential

      New development opportunity near Gratiot Ave & 23 Mile Rd.
      51705 Gratiot Ave, Chesterfield, MI
      View Details

    Nearby Similar for Lease

    • $14 SF/Yr
      10,500 SF

      Muttonville Crossing Retail Space

      Prime Casco, MI Retail Opportunity
      0 Main St & County Line Rd, Casco, MI 48811
      View Details

    FAQs

    What type of property is this?
    Land - 14 Acres, Build-to-Suit Opportunity
    Where is this land located?
    The property is located at Marine City Hwy Casco, MI.
    What are key features of this property?
    This property features: Negotiable lease rate based on tenant improvements.; Excellent location for contractor or equipment businesses.; Multiple overhead doors, up to 14 feet high.
    Request Owner's contact information
    Marine City Hwy Casco, MI 48064
    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.
    Marine City Hwy
    Casco, MI 48064
    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.

    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
    Marine City Hwy Casco, MI 48064
    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
    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.