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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2250 M-32 Gaylord, MI 49735

    • Retail properties
    • 4,800 SF
    • 0.20 lot acres
    For Sale
    View listing
    $795,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2250 M-32

    Year built
    2004
    Lot size
    0.20 lot acres
    Property size
    4,800 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 4,800 square foot executive office building, located at 2250 M-32 in Gaylord, Michigan, presents a compelling investment opportunity. Built in 2004, this Class B property sits on a 0.2-acre lot and boasts 17 parking spaces, ensuring ample convenience for employees and clients. Currently vacant, this single-story building offers immediate occupancy for a discerning buyer. The property is zoned for commercial use and features a single unit within a single building. Its strategic location in Gaylord, adjacent to Kohl's and directly across from Meijer and Menards, provides unparalleled visibility and accessibility. The property's APN is 080-031-400-020-05. This high-traffic area guarantees significant exposure for any business. The building's 4,800 square feet of space provides ample room for a variety of uses, making it an ideal investment for both established businesses and new ventures. With its prime location and attractive features, this property is poised for immediate success. The asking price is $795,000. The property's zip code is 49735, and it is located in Otsego County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gaylord
    County
    Otsego
    State
    Michigan
    Longitude
    -84.72
    Latitude
    45.0278

    Comparable in this City

    • Value Estimation by Request
      4,032 SF

      3849 Old Hwy 27

      Manufacturing properties • 4,032 SF
      3849 Old Hwy 27, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      4,800 SF

      2250 M-32

      Office Properties & Spaces • 4,800 SF
      2250 M-32, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      1,440 SF

      Sides Dr Unit

      Retail properties • 1,440 SF
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      3,264 SF

      Sides Dr Unit

      Individual retail properties • 3,264 SF
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      1,440 SF

      Sides Dr Unit

      Retail properties • 1,440 SF
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      2,184 SF

      Sides Dr Unit

      Retail properties • 2,184 SF
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details

    Similar Nearby for Sale

    • $795,000
      4,800 SF

      Gaylord Office Building - $795,000

      Prime Gaylord location, 4,800 sq ft office space.
      2250 M-32, Gaylord, MI 49735
      View Details
    • $95,000
      1,920 SF

      Gaylord Storefront: Prime Retail Space

      1,920 SF Retail Space - $95,000
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • $79,500
      1,440 SF

      Gaylord Retail Space: Prime Location

      1,440 SF Retail Space - Drive-Thru Access
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • $71,500
      1,440 SF

      Gaylord Retail Space - $71,500

      Prime Gaylord retail land, 1440 sq ft.
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • $96,000
      1,920 SF

      Gaylord Storefront: Prime Retail Space

      1,920 SF Retail Space - $96,000
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • $151,000
      3,264 SF

      Gaylord Storefront: Prime Retail Space

      3,264 SF Retail Space - $151,000
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,800 SF

      Gaylord Executive Office Space

      Prime Gaylord location, 4,800 sq ft office.
      2250 M-32, Gaylord, MI 49735
      View Details
    • Contact for pricing
      1,000 SF

      Prime Otsego Avenue Office Space

      1,000 SF Executive Office Suite Available
      1412 Otsego Ave, Gaylord, MI 49735
      View Details
    • $12 SF/Yr
      431 SF

      Downtown Gaylord Office/Retail Space

      Office and retail space in downtown Gaylord with high traffic.
      400 W Main St, Gaylord, MI 49735
      View Details
    • $12 SF/Yr
      431 SF

      Downtown Gaylord Office/Retail Space

      Second-level suite with elevator, ample parking, and high visibility.
      400 W Main St, Gaylord, MI 49735
      View Details
    • Contact for pricing
      3,532 SF

      Freestanding Retail Building in Gaylord

      Retail building in Gaylord's retail hub, near I-75.
      1388 W Main St, Gaylord, MI 49735
      View Details
    • $12 SF/Yr
      1,750 SF

      Versatile Commercial Space on Main

      Adaptable commercial space suitable for office, retail, or religious use.
      400 W Main St, Gaylord, MI 49735
      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.
    2250 M-32
    Gaylord, MI 49735
    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

    Google sign-in failed. Please try again or use another login method.