Your AI Navigator in Commercial Real Estate
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

    6819 M-37 Kingsley, MI 49649

    • Mixed-use properties
    • 1,250 SF
    For Sale
    View listing
    $98,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 6819 M-37

    Year built
    2023
    Property size
    1,250 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 1250-square-foot mixed-use unit is situated in the Mayfield Condo Barns community, conveniently located just five minutes south of Chums Corner on M-37 in Kingsley, Michigan. Boasting a generous 25' x 50' x 16' footprint, this uninsulated and unheated unit offers significant storage potential. High-quality construction is evident throughout the community, featuring 100-amp electrical service, 14' x 14' overhead doors, a 5' concrete approach, durable shingled roofs, and convenient service entrances for each unit. The reinforced concrete floors (4") provide a solid foundation, and paved roadways ensure easy access directly off M-37. While currently unheated and uninsulated, upgrades are possible to include mini-split heating and cooling, insulated overhead doors and walls, and steel-lined interior walls. Note that an upgraded, insulated, and heated unit of comparable size would have a total price of $123,900. This unit is priced at $98,900. Financing options are available. This property presents a fantastic opportunity for various uses, from storage to light industrial applications. The location offers easy access to M-37, providing excellent transportation links.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kingsley
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6525
    Latitude
    44.5877

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      6819 M-37

      Mixed-use properties • 1,000 SF
      6819 M-37, Kingsley, MI 49649
      View Details
    • Value Estimation by Request
      1,500 SF

      2821 Lynx Ln

      Mixed-use properties • 1,500 SF
      2821 Lynx Ln, Kingsley, MI 49649
      View Details
    • Value Estimation by Request
      2,000 SF

      6819 M-37 Unit 44/45

      Mixed-use properties • 2,000 SF
      6819 M-37 Unit 44/45, Kingsley, MI 49649
      View Details
    • Value Estimation by Request
      1,000 SF

      6819 M-37

      Mixed-use properties • 1,000 SF
      6819 M-37, Kingsley, MI 49649
      View Details
    • Value Estimation by Request
      1,824 SF

      121 Brownson Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,824 SF
      121 Brownson Ave, Kingsley, MI 49649-5103
      View Details
    • Value Estimation by Request
      3,038 SF

      110 Brownson Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,038 SF
      110 Brownson Ave, Kingsley, MI 49649-5103
      View Details

    Similar Nearby for Sale

    • $98,900
      1,250 SF

      Kingsley Mixed-Use Storage Unit

      Spacious 1250 sq ft storage, great location!
      6819 M-37, Kingsley, MI 49649
      View Details
    • $92,900
      1,000 SF

      Kingsley Mixed-Use Commercial Space

      1000 sq ft Heated Storage Unit, Excellent Location
      6819 M-37, Kingsley, MI 49649
      View Details
    • $98,900
      1,250 SF

      Kingsley Mixed-Use Commercial Space

      1250 sq ft unfinished unit, great potential!
      6819 M-37, Kingsley, MI 49649
      View Details
    • $730,000
      120.00 Acres

      Vacant Land Improved - Kingsley, MI

      Expansive 120-acre vacant land with development potential near Kingsley, MI.
      2402 E Sparling Rd, Kingsley, MI 49649
      View Details
    • $50,000
      1.07 Acres

      Vacant Land Ready For Building

      1.07 acre vacant land with utilities in Kingsley, Michigan.
      3025 Factory St, Kingsley, MI 49649
      View Details
    • $549,900
      3.03 Acres

      Private Country Retreat Near Kingsley

      3-acre country retreat with renovated home, gardens, and ample amenities.
      991 Fenton Rd, Kingsley, MI 49649
      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.
    6819 M-37
    Kingsley, MI 49649
    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.