Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    401 South St Hartford, MI 49057

    • Industrial properties
    • 5,560 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 401 South St

    Year built
    1905
    Lot size
    0.60 lot acres
    Property size
    5,560 SF
    Property type
    Industrial properties

    Description

    This exceptional 5,560 square foot industrial property presents a remarkable investment opportunity. The two-story brick barn, boasting a brand new gambrel roof, sits on a sizable 0.6-acre lot comprised of two city lots in Hartford, Michigan. Its prime location on the west side of town offers easy access to both Red Arrow Highway and West Main Street, ensuring high visibility and convenient transportation links. The expansive space lends itself to a multitude of uses. Imagine transforming this unique structure into a stunning barnominium, a captivating reception hall, or a secure boat storage facility. The possibilities are truly endless, limited only by your imagination and entrepreneurial spirit. The substantial size and versatile nature of this property make it an ideal canvas for creative redevelopment, promising significant returns on investment. The solid brick construction and recently installed roof ensure a durable and long-lasting asset. Don't miss this chance to acquire a truly one-of-a-kind property with immense potential in a desirable location. This is a rare opportunity to own a piece of Hartford's history with a bright future.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.173
    Latitude
    42.2048

    Comparable in this City

    • Value Estimation by Request
      14,196 SF

      415 Main St

      INDUSTRIAL (GENERAL) • 14,196 SF
      415 Main St, Hartford, MI 49057-1001
      View Details
    • Value Estimation by Request
      67,204 SF

      200 Prospect St

      INDUSTRIAL (GENERAL) • 67,204 SF
      200 Prospect St, Hartford, MI 49057-1057
      View Details
    • Value Estimation by Request
      560 SF

      58644 Red Arrow Hwy

      INDUSTRIAL (GENERAL) • 560 SF
      58644 Red Arrow Hwy, Hartford, MI 49057-9699
      View Details
    • Value Estimation by Request
      720 SF

      Prospect St

      INDUSTRIAL (GENERAL) • 720 SF
      Prospect St, Hartford, MI 49057
      View Details
    • Value Estimation by Request
      71,194 SF

      200 Dunbar St

      INDUSTRIAL (GENERAL) • 71,194 SF
      200 Dunbar St, Hartford, MI 49057-8748
      View Details
    • Value Estimation by Request
      1,600 SF

      501 Hillsborough St

      INDUSTRIAL (GENERAL) • 1,600 SF
      501 Hillsborough St, Hartford, MI 49057-1017
      View Details

    Similar Nearby for Sale

    • $179,000
      5,200 SF

      Hartford Industrial Retail Space

      5,200 SF Vacant Industrial Building
      210 Main St, Hartford, MI 49057
      View Details
    • Contact for pricing
      42.40 Acres

      Hartford Speedway Redevelopment Opportunity

      42-Acre Mixed-Use Development Site in Michigan
      301 Bowie St, Hartford, MI 49057
      View Details
    • $299,000
      7,666 SF

      Historic Bank Building Medical Office

      7,666 SF storefront converted to medical office in Hartford.
      2 E Main St, Hartford, MI 49057
      View Details
    • $244,900
      Pending

      Hartford Retail/Automotive Property For Sale

      Retail/automotive property suitable for various business types in Hartford, MI.
      69760 Red Arrow Hwy, Hartford, MI 49057
      View Details
    • $135,000
      1.90 Acres

      Hartford Vacant Land with New Home

      1.9-acre property with newly constructed home near I-94.
      66301 County Road 681, Hartford, MI 49057
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      162,152 SF

      Industrial Building on Red Arrow

      Industrial building for lease with flexible space options.
      61834 Red Arrow Hwy, Hartford, MI 49057
      View Details
    • Contact for pricing
      1 SF

      Hartford, MI Commercial Land

      42-Acre Development Site, High Traffic
      301 Bowie St, Hartford, MI 49057
      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.
    401 South St
    Hartford, MI 49057
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.