Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3136 Main St Emmett, MI 48022
    Back to Search
    Property profile & analytics

    3136 Main St Emmett, MI 48022

    View on Map
    • Industrial properties
    • 1,000 SF
    • 0.32 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3136 Main St

    Lot size
    0.32 lot acres
    Property size
    1,000 SF
    Property type
    Industrial properties

    Description

    This 1,000-square-foot commercial building is situated on a 0.32-acre lot in Emmett, Michigan, offering excellent visibility and accessibility. The property enjoys a prime location on M-19, conveniently positioned between M-21 and I-69, ensuring high traffic volume and easy access for customers and employees. Previously used as a barber shop, this versatile space presents numerous possibilities for a variety of commercial ventures. Potential uses include retail establishments, office spaces, or other suitable businesses. The building benefits from the convenience of city sewer and natural gas utilities, while also featuring a well water system. A substantial parking lot is included, providing ample space for customers and staff. The property is being sold "as is," where is. This presents a unique opportunity for an entrepreneur or investor seeking a well-located commercial property with significant potential for growth and adaptation to various business needs. The strategic location and versatile space make this an attractive investment opportunity in a thriving area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Emmett
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.7649
    Latitude
    42.9898

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

      10980 Dunnigan Rd

      Industrial properties • 4,500 SF
      10980 Dunnigan Rd, Emmett, MI 48022
      View Details
    • Value Estimation by Request
      3,200 SF

      11112 Burt Rd

      WAREHOUSE, STORAGE • 3,200 SF
      11112 Burt Rd, Emmett, MI 48022-4407
      View Details
    • Value Estimation by Request
      1,320 SF

      10808 Joseph St

      WAREHOUSE, STORAGE • 1,320 SF
      10808 Joseph St, Emmett, MI 48022-7706
      View Details
    • Value Estimation by Request
      10,000 SF

      11116 Burt Rd

      WAREHOUSE, STORAGE • 10,000 SF
      11116 Burt Rd, Emmett, MI 48022-4407
      View Details
    • Value Estimation by Request
      12,300 SF

      10823 Dunnigan Rd

      MINI-WAREHOUSE, STORAGE • 12,300 SF
      10823 Dunnigan Rd, Emmett, MI 48022-4528
      View Details
    • Value Estimation
      $585,000
      7,200 SF

      4031 Keegan Rd

      WAREHOUSE, STORAGE • 7,200 SF
      4031 Keegan Rd, Emmett, MI 48022-3710
      View Details

    Similar Nearby for Sale

    • $149,900
      2,528 SF

      Multifamily Property with Storage Potential

      Multifamily home and storage property near I-69 and M-19.
      3279 Emmett Rd, Emmett, MI 48022
      View Details
    • $472,000
      74.28 Acres

      Productive Land with Hunting Potential

      74-acre property with tillable land, wooded areas, and cabin.
      13048 Sullivan Rd, Emmett, MI 48022
      View Details
    • Contact for pricing

      High-Visibility Commercial Corner in Emmett

      Prime 1-acre commercial corner for retail or office development.
      of M-19 & M-21 Cor SW, Emmett, MI 48022
      View Details
    • $99,900
      10.03 Acres

      Wooded Land in Emmett, MI

      10-acre wooded land for sale in Emmett, Michigan.
      Sullivan Rd, Emmett, MI 48022
      View Details
    • $472,000

      Land For Sale

      Land available in Emmett, Michigan.
      13048 Sullivan Rd, Emmett, MI 48022
      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.
    3136 Main St
    Emmett, MI 48022
    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
    3136 Main St, Emmett, MI, 48022
    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!