Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    125 Hawthorne Ave Saint Joseph, MI 49085-2636

    • Manufacturing properties
    • 100,128 SF
    • 10.11 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3678086
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 125 Hawthorne Ave

    Year built
    1968
    Lot size
    10.11 lot acres
    Property size
    100,128 SF
    Zone code
    I-1
    Property type
    Manufacturing properties
    APN
    76-0550-0015-00-4
    APU
    7605500015004

    Description

    This exceptional St. Joseph, Michigan industrial property, located at 125 Hawthorne Avenue, encompasses a substantial 124,256 square feet on a 10.1-acre lot. The single-tenant building, constructed in 1968, features a blend of manufacturing and warehouse space. A significant 39,000-square-foot manufacturing area boasts ceiling heights ranging from 14 to 18.5 feet and includes 1,300 square feet of office space. The expansive 80,932-square-foot warehouse area offers ceiling heights of 20 to 21 feet. The property benefits from robust power infrastructure, including 440-volt, 3-phase heavy power with primary service, and 120/240-volt, 3-phase, 3,000-amp secondary service with buss duct wiring throughout the manufacturing area. Loading and unloading are facilitated by six dock-high doors and one loading dock. Ample parking is available with 170 spaces. Additional features include a 12-foot by 14-foot overhead door and a wet sprinkler system. The roof was recently replaced within the last three years. The property is zoned I-1 and is offered for lease as a whole or with potential for subdivision to accommodate the right tenant. The property's APN is 76-0550-0015-00-4, and it's situated in Berrien County, Michigan, with a zip code of 49085.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.5024
    Latitude
    42.0736
    CBSA code
    35660
    CBSA name
    NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $43,794
    $0.00
    $0.00
    $814,600
    -
    $0.00
    $0.00
    $1,629,200

    Comparable in this City

    • Value Estimation by Request
      53,504 SF

      Saint Joseph, MI 49085

      MANUFACTURING (LIGHT) • 53,504 SF
      Saint Joseph, MI 49085
      View Details
    • Value Estimation by Request
      9,940 SF

      2179 Maiden Ln

      MANUFACTURING (LIGHT) • 9,940 SF
      2179 Maiden Ln, Saint Joseph, MI 49085-9501
      View Details
    • Value Estimation by Request
      46,251 SF

      Saint Joseph, MI 49085

      MANUFACTURING (LIGHT) • 46,251 SF
      Saint Joseph, MI 49085
      View Details
    • Value Estimation by Request
      8,000 SF

      255 Palladium Dr

      MANUFACTURING (LIGHT) • 8,000 SF
      255 Palladium Dr, Saint Joseph, MI 49085-9552
      View Details
    • Value Estimation by Request
      8,000 SF

      215 Palladium Dr

      MANUFACTURING (LIGHT) • 8,000 SF
      215 Palladium Dr, Saint Joseph, MI 49085-9552
      View Details
    • Value Estimation by Request
      45,034 SF

      4133 M 139

      MANUFACTURING (LIGHT) • 45,034 SF
      4133 M 139, Saint Joseph, MI 49085-8689
      View Details

    Similar Nearby for Sale

    • $199,500
      3,836 SF

      St. Joseph Industrial Building For Sale

      Well-maintained industrial building suitable for manufacturing or mixed office/industrial uses.
      2028 Washington Ave, St Joseph, MI 49085
      View Details
    • $599,000

      St. Joseph Industrial Flex Building

      Versatile industrial building near Lake Michigan with multiple units.
      191 Hawthorne Ave, St Joseph, MI 49085
      View Details
    • $899,000
      20,748 SF

      St. Joseph Industrial Property For Sale

      Well-maintained industrial property with warehouse and office space in St. Joseph.
      207 Hawthorne Ave, St Joseph, MI 49085
      View Details
    • $745,000
      4,865 SF

      Highway Adjacent Industrial Opportunity

      Office/warehouse building near I-94 with redevelopment potential.
      3408 Hollywood Rd, Saint Joseph, MI 49085
      View Details
    • $695,000
      4,865 SF

      Highway Adjacent Industrial Office/Warehouse

      Well-maintained 4,865 SF office/warehouse building near I-94.
      3408 Hollywood Rd, St Joseph, MI 49085
      View Details
    • $94,000
      0.56 Acres

      St. Joseph Wooded Lot

      Wooded lot in St. Joseph near beaches and Lake Michigan.
      3373 Rivers Edge Dr, St Joseph, MI 49085
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      23,826 SF

      1000 Miners Rd: St. Joseph Warehouse

      Versatile St. Joseph warehouse space available.
      1000 Miners Rd, St. Joseph, MI 49085
      View Details
    • $10 SF/Yr
      16,200 SF

      Prime St. Joseph Office Space

      16,200 SF Office Building, 2,700 SF Available
      1084 Miners Rd, St. Joseph, MI 49085
      View Details
    • $17 SF/Yr
      750 SF

      Corner Office Suite in St. Joe

      750 SF office suite near St. Joseph Courthouse.
      811 Ship St, Saint Joseph, MI 49085
      View Details
    • $13 SF/Yr
      4,000 SF

      Visible Commercial Suite Space

      Commercial suite available for lease in high-traffic area.
      4066 Red Arrow Hwy, Saint Joseph, MI 49085
      View Details
    • $9 SF/Yr
      10,222 SF

      Renovated Retail/Office Space Available

      Versatile, renovated retail/office spaces in high-visibility St. Joseph location.
      2603 S Cleveland Ave, St Joseph, MI 49085
      View Details
    • $15 SF/Yr
      34,155 SF

      Renaissance Business Center Office Space

      St. Joseph, MI: Class A Office Suite Available
      511 Renaissance Dr, St. Joseph, MI 49085
      View Details
    Request Owner's contact information
    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.
    125 Hawthorne Ave
    Saint Joseph, MI 49085-2636
    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
    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

    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.