Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Meijer St Charlotte, MI 48813
    Back to Search
    Property profile & analytics

    Meijer St, Charlotte, MI 48813

    View on Map
    • Land
    • 2.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Meijer St

    Lot size
    2.72 lot acres
    Property type
    Land

    Description

    This exceptional 2.72-acre commercial land parcel presents a remarkable investment opportunity in Charlotte, Michigan. Located on Meijer Drive, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide array of commercial development possibilities. Its strategic location offers unparalleled visibility, situated along M-69 and the M-50 exit ramp, directly across from a major Meijer store and gas station. This prime location ensures high traffic volume and excellent exposure for any business. The property's adjacency to the Holiday Inn Express and Charlotte Medical Center and Urgent Care further enhances its appeal and potential for synergistic business opportunities. The parcel's size provides ample space for a variety of commercial ventures, from retail establishments to medical offices or other suitable uses. The property's Assessed Parcel Number (APN) is 200-017-300-020-02. This is a rare opportunity to acquire a strategically located commercial land parcel in a thriving Michigan community. The asking price for this exceptional property is $395,000. Don't miss this chance to secure a prime location for your next commercial endeavor. The property is situated in Eaton County, Michigan, with a zip code of 48813.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Eaton
    State
    Michigan
    Longitude
    -84.8165
    Latitude
    42.5548

    Comparable in this City

    • Value Estimation by Request

      Lawrence Hwy

      Farms
      0 Lawrence Hwy, Charlotte, MI 48813
      View Details
    • Value Estimation by Request
      68.70 Acres

      882 Island Hwy

      Farms
      882 Island Hwy, Charlotte, MI 48813
      View Details
    • Value Estimation by Request
      3.01 Acres

      Interior

      COMMERCIAL (GENERAL)
      Interior, Charlotte, MI 48813
      View Details
    • Value Estimation by Request
      2.74 Acres

      3328 Mls Hwy

      COMMERCIAL (GENERAL)
      3328 Mls Hwy, Charlotte, MI 48813-9311
      View Details
    • Value Estimation by Request
      1.74 Acres

      Railroad W R

      COMMERCIAL (GENERAL)
      Railroad W R, Charlotte, MI 48813
      View Details
    • Value Estimation by Request
      0.52 Acres

      2024 12th Oaks Dr

      COMMERCIAL (GENERAL)
      2024 12th Oaks Dr, Charlotte, MI 48813
      View Details

    Similar Nearby for Sale

    • $300,000
      30.54 Acres

      Land Available in Charlotte, MI

      30.54 acres of land for sale in Charlotte, Michigan.
      W Spicerville Hwy, Charlotte, MI 48813
      View Details
    • Contact for pricing
      5,000 SF

      Land For Sale

      Land available for sale.
      520 Lansing St, Charlotte, MI 48813
      View Details
    • $115,000
      0.71 Acres

      Spacious Duplex with Pole Barn

      Versatile duplex near amenities with solar and pole barn.
      Charlotte, MI 48813
      View Details
    • $70,000
      5.03 Acres

      Charlotte, MI Corner Lot

      Corner lot with paved frontage on S Stine Road.
      W Spicerville Hwy, Charlotte, MI 48813
      View Details
    • New
      $150,000
      3.00 Acres

      Commercial Land in Charlotte, MI

      3-acre commercial lot in a growing Michigan community.
      V/L Tullybrown Rd, Charlotte, MI 48813
      View Details
    • $140,000
      1,310 SF

      Charlotte Warehouse - Great Location

      1310 sq ft Warehouse, Ideal Starter Business
      125 Lincoln St, Charlotte, MI 48813
      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.
    Meijer St
    Charlotte, MI 48813
    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

    Thank You for Inquiry
    Meijer St, Charlotte, MI, 48813
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!