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    1418 Mission St Mount Pleasant, MI 48858

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    1418 Mission St Mount Pleasant, MI 48858

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    • Lifestyle centers
    • 35,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Twisted Fork / Restaurant

    Property Details for 1418 Mission St

    Property size
    35,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Campus Plaza, located at 1418 S Mission St in Mount Pleasant, Michigan, presents a prime retail opportunity within a thriving shopping center. This Isabella County property offers a total of 35,000 square feet of retail space, with 12,040 square feet currently available for lease. The flexible layout allows for multiple tenancy options, accommodating businesses seeking spaces ranging from a minimum of 3,000 square feet to a maximum contiguous space of 9,040 square feet. The property's strategic location in Mount Pleasant, MI, 48858, ensures high visibility and accessibility for potential customers. This established shopping center provides a strong foundation for new businesses looking to establish a presence in a bustling community. The available space is ideal for a variety of retail uses, offering significant potential for growth and success. Interested parties are encouraged to inquire about lease terms and explore the possibilities of establishing their business within this vibrant commercial environment. The property is categorized as a shopping center and is easily accessible given its location. The available space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.7684
    Latitude
    43.5884

    Comparable in this City

    • Value Estimation by Request
      238,693 SF

      2121-2231 Mission St

      Lifestyle centers • 238,693 SF
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    • Value Estimation by Request
      10,000 SF

      1218 Mission St

      Neighborhood centers • 10,000 SF
      1218 Mission St, Mount Pleasant, MI 48858
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    • Value Estimation by Request
      11,095 SF

      117 Mission St

      Retail properties & Spaces • 11,095 SF
      117 Mission St, Mount Pleasant, MI 48858
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    • Value Estimation by Request

      4493 Blue Grass Rd

      Retail properties & Spaces
      4493 Blue Grass Rd, Mount Pleasant, MI 48858
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    • Value Estimation by Request
      13,928 SF

      4995 Pickard Rd

      Land • 13,928 SF
      4995 Pickard Rd, Mount Pleasant, MI 48858
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    • Value Estimation by Request
      5,610 SF

      5652 Pickard Rd

      Restaurants • 5,610 SF
      5652 Pickard Rd, Mount Pleasant, MI 48858
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    Similar Nearby for Sale

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      Freestanding Restaurant Investment Opportunity

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      Hobby Lobby Anchored Retail Center

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      Multi-Tenant Retail Strip Center

      Retail strip center with national tenants and value-add potential.
      4445-4493 E Blue Grass Rd, Mount Pleasant, MI 48858
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    • New
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      Mt Pleasant Commercial Building

      Commercial building with retail and warehouse space, cannabis zoning.
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    Similar Nearby for Lease

    • $18 SF/Yr
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      Stadium Mall Retail Space

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      Stadium Mall Retail Space

      Retail space in Stadium Mall shopping center near Central Michigan.
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    • $6,000 /Mo
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      Retail Space Near Central Michigan

      Well-established shopping center with high visibility near Central Michigan University.
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      Retail Space in Northridge Plaza

      2,520 SF retail space available for lease.
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    • $15 SF/Yr
      1,080 SF

      Retail Space Near CMU

      Retail space in renovated shopping center near Central Michigan University.
      1620 S Mission St, Mt Pleasant, MI 48858
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    1418 Mission St
    Mount Pleasant, MI 48858
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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.

    More about this property
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