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    Property profile & analytics

    Derhammer Pkwy Paw Paw, MI 49079

    • Land
    • 4.20 lot acres
    For Sale
    View listing
    $249,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Derhammer Pkwy

    Lot size
    4.20 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional commercial and industrial land offering encompasses multiple parcels totaling between 4.2 and 5.9 acres, strategically located at Derhammer Parkway in Paw Paw, Michigan, zip code 49079. The property, identified by APN numbers 80-02-018-053-35

    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
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.8721
    Latitude
    42.2046

    Comparable in this City

    • Value Estimation by Request
      9.60 Acres

      39709 Red Arrow Hwy

      Land • 9.60 Acres
      39709 Red Arrow Hwy, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request
      18.70 Acres

      39567 Red Arrow Hwy

      Land • 18.70 Acres
      39567 Red Arrow Hwy, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request
      0.94 Acres

      1013 Kalamazoo St

      Land • 0.94 Acres
      1013 Kalamazoo St, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request
      3.24 Acres

      1 Crk 665

      Land • 3.24 Acres
      1 Crk 665, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request
      3.72 Acres

      1 Kasper Dr

      Land • 3.72 Acres
      1 Kasper Dr, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request
      4.30 Acres

      23985 Red Arrow Hwy

      Specialty properties • 2,316 SF
      23985 Red Arrow Hwy, Paw Paw, MI 49079
      View Details

    Similar Nearby for Sale

    • $249,000
      4.20 Acres

      Derhammer Parkway Industrial Land

      Paw Paw, MI: Prime Industrial Parcels
      0 Derhammer Pkwy, Paw Paw, MI 49079
      View Details
    • $226,900
      3.72 Acres

      Paw Paw Industrial Land - $226,900

      3.72 Acres, Heavy Commercial Zoning, MI
      1 Kasper Dr, Paw Paw, MI 49079
      View Details
    • $300,000
      30.45 Acres

      30.45 Acres Land in Paw Paw

      30.45 acres of land for sale in Paw Paw, MI.
      44702 56Th Ave, Paw Paw, MI 49079
      View Details
    • $189,500
      15.60 Acres

      Paw Paw Wooded Acreage

      15.6 acres of wooded land with building potential.
      56Th Ave, Paw Paw, MI 49079
      View Details
    • $199,000

      Derhammer Parkway Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      45 Pawa Paw Mi, 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

    Similar Nearby for Lease

    • $18 SF/Yr
      12,000 SF

      Retail Plaza in Paw Paw

      New retail plaza with build-to-suit options in Paw Paw.
      854 S Kalamazoo St, Paw Paw, MI 49079
      View Details
    • $10 SF/Yr
      8,125 SF

      Paw Paw Retail Space - 8,125 SF

      Prime Retail Space, High Visibility Location
      924 Michigan Ave, Paw Paw, MI 49079
      View Details
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    Derhammer Pkwy
    Paw Paw, MI 49079
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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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