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    00 13Th St Cadillac, MI 49601
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    Property profile & analytics

    00 13Th St, Cadillac, MI 49601

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    • Industrial properties
    • 5.42 lot acres
    For Sale
    $250,000
    View Listing →
    00 13Th St, Cadillac, MI 49601 For Sale
    $250,000

    00 13Th St, Cadillac, MI 49601

    Industrial properties

    00 13Th St, Cadillac, MI 49601
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 00 13Th St

    Lot size
    5.42 lot acres
    Property type
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.4065
    Latitude
    44.267

    Comparable in this City

    • Value Estimation by Request
      10,833 SF

      1800 M-55

      Industrial properties
      1800 M-55, Cadillac, MI 49601
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    • Value Estimation by Request
      2.50 Acres

      Plett Rd

      Land
      0 Plett Rd, Cadillac, MI 49601
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    • Value Estimation by Request
      0.50 Acres

      115th E Hwy Hwy

      INDUSTRIAL (GENERAL)
      115th E Hwy Hwy, Cadillac, MI 49601
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    • Value Estimation by Request
      1.87 Acres

      306 Mackinaw Trl

      INDUSTRIAL (GENERAL)
      306 Mackinaw Trl, Cadillac, MI 49601-8511
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    • Value Estimation by Request
      4.76 Acres

      1425 Miltner St

      INDUSTRIAL (GENERAL)
      1425 Miltner St, Cadillac, MI 49601-9631
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    • Value Estimation by Request
      2.29 Acres

      7th St

      INDUSTRIAL (GENERAL)
      7th St, Cadillac, MI 49601
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Finished Industrial Building with Office

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      10,833 SF

      Cadillac Industrial Property - 5 Acres

      Versatile 10,833 sq ft industrial space, ideal for redevelopment.
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    • $239,900
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      Downtown Cadillac Industrial Property

      Thriving Salon Business & Real Estate
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    • $250,000
      5.42 Acres

      00 13Th St, Cadillac, MI 49601

      Industrial properties
      00 13Th St, Cadillac, MI 49601
      View Details
    • $160,000
      3,600 SF

      Cadillac Warehouse with Loading Dock

      3,600 SF warehouse with loading dock in Cadillac, MI.
      E Nelson St, Cadillac, MI 49601
      View Details
    • $1,590,000
      23,725 SF

      Self-Storage and Office Investment Opportunity

      Self-storage and office complex with long-term tenants in Cadillac, MI.
      1337 N Mitchell St, Cadillac, MI 49601
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      6,000 SF

      Warehouse Space in Cadillac, MI

      6000 SF warehouse space available for lease.
      291 Hanthorn St, Cadillac, MI 49601
      View Details
    • $10 SF/Yr
      5,000 SF

      Versatile Retail/Flex Space in Cadillac

      5,000 SF retail/flex space in high-traffic Cadillac shopping district.
      Cadillac, MI 49601
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    • $2,700 /Mo
      6,000 SF

      Cadillac Warehouse Space For Rent

      6000 SF warehouse space available for lease in Cadillac.
      291 Hanthorn St, Cadillac, MI 49601
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    • Contact for pricing

      Retail Space in Cadillac, MI

      Prime retail space with high visibility and ample parking.
      1345 N Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing
      3,050 SF

      Downtown Cadillac Retail/Café Space

      Prime downtown location with existing café infrastructure.
      115 N Mitchell St, Cadillac, MI 49601
      View Details
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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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