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    100 Harbor Dr Charlevoix, MI 49720
    Property profile & analytics

    100 Harbor Dr, Charlevoix, MI 49720

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    • Industrial properties
    • 305,000 SF
    • 14.82 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harbor Industries Inc / Industrial Manufacturer / Production Facility

    Property Details for 100 Harbor Dr

    Year built
    2005
    Lot size
    14.82 lot acres
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlevoix
    County
    Charlevoix
    State
    Michigan
    Longitude
    -85.2632
    Latitude
    45.3033

    Comparable in this City

    • Value Estimation by Request
      27.00 Acres

      5339 M-66

      Distribution properties
      5339 M-66, Charlevoix, MI 49720
      View Details
    • Value Estimation by Request
      305,000 SF

      100 Harbor Dr

      Distribution properties
      100 Harbor Dr, Charlevoix, MI 49720
      View Details
    • Value Estimation by Request
      74,826 SF

      05339 M-66

      Industrial properties
      05339 M-66, Charlevoix, MI 49720
      View Details
    • Value Estimation by Request
      11,180 SF

      195 M-66

      Industrial properties
      195 M-66, Charlevoix, MI 49720
      View Details
    • Value Estimation by Request

      Us-31

      Private islands
      0 Us-31, Charlevoix, MI 49720
      View Details
    • Value Estimation by Request

      13000 Stover Rd

      COMMERCIAL (GENERAL)
      13000 Stover Rd, Charlevoix, MI 49720-9500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      305,000 SF

      Charlevoix Light Manufacturing Facility

      305,000 SF light manufacturing and warehousing facility in northern Michigan.
      100 Harbor Dr, Charlevoix, MI 49720
      View Details
    • $415,000

      Commercial Building Near US-31

      Versatile commercial building with warehouse and office space for sale.
      14260 Stover Rd, Charlevoix, MI 49720
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    • $525,000
      1,500 SF

      Downtown Charlevoix Auto Repair Shop

      Established Business & Real Estate Included
      102 Saint Marys Dr, Charlevoix, MI 49720
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      2,400 SF

      Prime Charlevoix Industrial Space

      Downtown Charlevoix retail space, high foot traffic.
      413 Bridge St, Charlevoix, MI 49720
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    • New
      $209,000
      1,800 SF

      New Industrial Unit Near Launch

      New 1,800 SF industrial unit with community water.
      13715 Clark Rd, Charlevoix, MI 49720
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    • $129,000
      896 SF

      New Commercial/Industrial Unit Available

      New commercial/industrial unit with modern amenities and seller financing.
      13715 Clark Rd, Charlevoix, MI 49720
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    Similar Nearby for Lease

    • Contact for pricing

      Office or Retail Space Available

      Office or retail space with high-end finishes and ample parking.
      3890 Charlevoix Rd, Charlevoix, MI 49720
      View Details
    • $2,500 /Mo
      2,500 SF

      High-Visibility Commercial Building in Charlevoix

      2,500 sq ft standalone building near downtown Charlevoix.
      6536 N M-66, Charlevoix, MI 49720
      View Details
    • $650 /Mo
      250 SF

      Downtown Charlevoix Office Space

      Downtown Charlevoix office space available for rent.
      201 State St, Charlevoix, MI 49720
      View Details
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    Charlevoix, MI 49720
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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.

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