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
    Back to Search

    45 Pawa Paw Mi Paw Paw, MI 49079

    Sponsored
    For Sale
    $199,000

    Paw Paw, MI: Prime Industrial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 199,000 USD land parcel, located at Derhammer Pkwy parcel 45, Paw Paw, MI 49079, presents a remarkable opportunity for investors and developers. Situated in Van Buren County, Michigan, this property offers versatile usage potential, ideal for a range of industrial applications. The zoning allows for light industrial, manufacturing, flex space, or even self-storage facilities. Its strategic location provides unparalleled access to major transportation networks, boasting proximity to I-94, less than a mile away. This ensures efficient logistics and streamlined distribution for any business operating from this site. The property's classification encompasses distribution, flex, and warehouse uses, catering to diverse operational needs. The address is clearly defined as Derhammer Pkwy parcel 45, Paw Paw, MI, with GPS coordinates available for precise location identification (42.2045721 latitude, -85.8720553 longitude). This prime industrial land parcel represents a significant investment opportunity in a rapidly growing area, offering substantial returns for the discerning buyer. The asking price is $199,000. Don't miss this chance to acquire a strategically located and versatile industrial property.

    Property Features for 45 Pawa Paw Mi

    General Information

    Property type
    Distribution properties

    We can help!

    Listing Contact
    Vik Bawa

    Learn more

    HighLights

    • $199,000 asking price.
    • Industrial property located in Paw Paw, MI.
    • Distribution, flex, and warehouse subtypes available.
    • Located less than one mile from I‑94.
    • Situated in Derhammer Industrial Park, suitable for light industrial, manufacturing, flex, and self‑storage uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.8720553
    Latitude
    42.2045721

    Nearby Comparable

    • $249,000
      4.20 Acres

      Derhammer Parkway Industrial Land

      Paw Paw, MI: Prime Industrial Parcels
      0 Derhammer Pkwy, Paw Paw, MI 49079
      View Details
    • $299,000

      DerHammer Pkwy Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      Parcel 80-02-018-053-70 Derhammer Pkwy, Paw Paw, MI 49079
      View Details
    • $249,000

      Derhammer Pkwy Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      75 Paw Paw Mi Usa, Paw Paw, MI 49079
      View Details
    • $229,000

      Paw Paw Industrial Land Parcel

      Prime MI location, build-to-suit potential.
      65 Paw Paw Mi Usa, Paw Paw, MI 49079
      View Details
    • $1,200,000
      72.87 Acres

      73 Acres Vacant Farm Land

      73-acre vacant farm land near Paw Paw River.
      Vl Cr-665 Rd, Paw Paw, MI 49079
      View Details
    • $324,814
      Pending

      Corner Lot on Red Arrow

      Visible storefront with acreage and pole barn near Red Arrow.
      1022 E Michigan Ave, Paw Paw, MI 49079
      View Details
    • $249,900
      Pending

      Paw Paw Land For Sale

      16.32 acres zoned R-2 near Central Business district.
      1020 S Kalamazoo St, Paw Paw, MI 49079
      View Details
    • $299,000
      3,054 SF

      Paw Paw Commercial Building on Acreage

      Commercial building with fenced storage, outbuilding, and high-traffic location.
      1011 E Michigan Ave, Paw Paw, MI 49079
      View Details
    • $875,000
      3.50 Acres

      Paw Paw I-94 Frontage Land

      Up to 7 acres available with I-94 highway frontage.
      Ampey Rd, Paw Paw, MI 49079
      View Details
    • $449,000
      4,325 SF

      Medical Office Building For Sale

      4,325 SF medical office building designed for healthcare or professional uses.
      32251 Red Arrow Hwy, Paw Paw, MI 49079
      View Details
    • $850,000
      3.38 Acres

      Paw Paw I-94 Frontage Land

      Up to 7 acres available with I-94 highway frontage.
      Ampey Rd, Paw Paw, MI 49079
      View Details
    • $1,550,000
      6.88 Acres

      I-94 Frontage Land For Sale

      Development opportunity in Paw Paw with I-94 frontage.
      Ampey Rd, Paw Paw, MI 49079
      View Details

    Nearby Similar for Sale

    • $499,900
      49.36 Acres

      Paw Paw Vineyard on 50 Acres

      50-acre Paw Paw vineyard with leased land and utility buildings.
      44th & Crk 374, Paw Paw, MI 49079
      View Details
    • $299,000
      3,054 SF

      Paw Paw Commercial Building on Acreage

      Commercial building with fenced storage, outbuilding, and high-traffic location.
      1011 E Michigan Ave, Paw Paw, MI 49079
      View Details
    • New
      $399,900
      1,885 SF

      Downtown Paw Paw Office Building

      Professional office building in downtown Paw Paw, available with furniture.
      215 N Kalamazoo St, Paw Paw, MI 49079
      View Details
    • $449,000
      4,325 SF

      Medical Office Building For Sale

      4,325 SF medical office building designed for healthcare or professional uses.
      32251 Red Arrow Hwy, Paw Paw, MI 49079
      View Details
    • $324,814
      Pending

      Corner Lot on Red Arrow

      Visible storefront with acreage and pole barn near Red Arrow.
      1022 E Michigan Ave, Paw Paw, MI 49079
      View Details
    • $149,900
      1,560 SF

      Commercial Building in Paw Paw

      Well-maintained commercial building with two units in thriving business district.
      104 Municipal Ln, Paw Paw, MI 49079
      View Details
    • $175,000
      1,163 SF

      Paw Paw Office Building

      Office building in prime location near courthouse and park.
      213 E Paw Paw St, Paw Paw, MI 49079
      View Details
    • $350,000

      Paw Paw Storefront with Parking

      Commercial storefront in growing area with ample parking.
      301 W Michigan Ave, Paw Paw, MI 49079
      View Details
    • $229,000

      Paw Paw Industrial Land Parcel

      Prime MI location, build-to-suit potential.
      65 Paw Paw Mi Usa, Paw Paw, MI 49079
      View Details
    • $299,000

      DerHammer Pkwy Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      Parcel 80-02-018-053-70 Derhammer Pkwy, Paw Paw, MI 49079
      View Details
    • $249,000

      Derhammer Pkwy Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      75 Paw Paw Mi Usa, Paw Paw, MI 49079
      View Details

    FAQs

    What type of property is this?
    Distribution property - Paw Paw, MI: Prime Industrial Land
    Where is this distribution property located?
    The property is located at 45 Pawa Paw Mi Paw Paw, MI.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: $199,000 asking price.; Industrial property located in Paw Paw, MI.; Distribution, flex, and warehouse subtypes available.
    Request Owner's contact information
    45 Pawa Paw Mi Paw Paw, MI 49079
    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.
    45 Pawa Paw Mi
    Paw Paw, MI 49079
    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
    45 Pawa Paw Mi Paw Paw, MI 49079
    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
    Vik Bawa
    Real Estate License ID: MI
    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.