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    14600 Us-12 Brooklyn, MI 49230
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    14600 Us-12 Brooklyn, MI 49230

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    • Self storage facilities
    • 3,072 SF
    • 10.01 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 14600 Us-12

    Year built
    2018
    Lot size
    10.01 lot acres
    Property size
    3,072 SF
    Property type
    Self storage facilities

    Description

    Exceptional investment opportunity in Brooklyn, Michigan, featuring a 3,072 square foot self-storage facility built in 2018 on a 10.01-acre lot (APN: WD0-111-3300-00). The property is zoned General Commercial District (C-2) and offers significant value-add potential. Approved and engineered plans exist for an expansion of 40,000-65,000 net rentable square feet of additional storage space. This prime location in the heart of the Irish Hills region boasts strong demographics, with over 37,646 people within a 10-mile radius. The area is a popular vacation and summer destination, featuring over 50 lakes within a 15-mile radius and the renowned Michigan International Speedway, attracting significant tourism. The property's strategic location, combined with its existing structure and expansion possibilities, presents a unique opportunity for substantial returns. The asking price is $629,000, and seller financing is available. The property is located at 14600 US-12, Brooklyn, MI 49230. This is a multi-tenant, gross lease property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.2782
    Latitude
    42.0485

    Comparable in this City

    • Value Estimation
      $720,000
      44,256 SF

      1282 Wamplers Lk Rd

      MINI-WAREHOUSE, STORAGE • 44,256 SF
      1282 Wamplers Lk Rd, Brooklyn, MI 49230-8519
      View Details
    • Value Estimation by Request
      9.72 Acres

      221 Ml St

      INDUSTRIAL (GENERAL) • 9.72 Acres
      221 Ml St, Brooklyn, MI 49230-9784
      View Details
    • Value Estimation by Request
      13,250 SF

      171 Wamplers Lk Rd

      MANUFACTURING (LIGHT) • 13,250 SF
      171 Wamplers Lk Rd, Brooklyn, MI 49230-9585
      View Details
    • Value Estimation
      $745,000
      10,544 SF

      Wamplers Lk Rd

      WAREHOUSE, STORAGE • 10,544 SF
      Wamplers Lk Rd, Brooklyn, MI 49230
      View Details
    • Value Estimation by Request
      0.29 Acres

      171 Wamplers Lk Rd

      INDUSTRIAL (GENERAL) • 0.29 Acres
      171 Wamplers Lk Rd, Brooklyn, MI 49230-9585
      View Details
    • Value Estimation by Request
      7,093 SF

      10412 Brooklyn Rd

      DISTRIBUTION WAREHOUSE • 7,093 SF
      10412 Brooklyn Rd, Brooklyn, MI 49230-9600
      View Details

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    Brooklyn, MI 49230
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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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