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    Charter Township of Swan Crk Rd Charter Township of Berlin, MI 48166
    Property profile & analytics

    Charter Township of Swan Crk Rd, Charter Township of Berlin, MI 48166

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    Cap Rate Potential
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    Property Details for Charter Township of Swan Crk Rd

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 7.5-acre parcel of land presents a unique investment opportunity in the rapidly developing Charter Township of Berlin, Michigan. Strategically located at the northwest corner of Swan Creek Road and Newport Road, this property boasts unparalleled accessibility, situated directly off the I-75 Swan Creek exit. Its prime location offers significant advantages for businesses seeking high visibility and convenient access to major transportation routes. The property is zoned for industrial use, making it ideally suited for a variety of commercial and industrial developments. A key advantage is its proximity to a rapidly expanding Meijer distribution center, directly across the street, ensuring high traffic volume and a strong potential customer base. This presents an excellent opportunity for businesses such as gas stations, truck stops, or other logistics-related enterprises. The asking price for this exceptional property is $1,350,000. With its strategic location, ideal zoning, and proximity to a major distribution center, this land offers significant potential for substantial return on investment. Don't miss this chance to secure a prime piece of real estate in a thriving Michigan community. The property is located in Monroe County, Michigan, with a zip code of 48166.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charter Township of Berlin
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3097
    Latitude
    42.0032

    Comparable in this City

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      100,000 SF

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      3132 Charter Township Of

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      3132 Charter Township Of, Charter Township of Berlin, MI 48166
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    • Value Estimation by Request
      107.00 Acres

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      122.00 Acres

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      8198 Dixie Hwy

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      2.19 Acres

      Charter Township of Dixie Hwy

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    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      8830 Swan Creek Rd, Newport, MI 48166
      View Details
    • $299,900
      9.09 Acres

      Land Parcel in Newport, MI

      9+ acre land parcel ideal for building your dream home.
      Williams Rd, Newport, MI 48166
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      Land For Sale

      Land available for sale.
      8200 Newport Rd S, Berlin, MI 48166
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    • $54,999

      Land For Sale

      Land available for sale.
      7195 Center St, Newport, MI 48166
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    • $599,000

      Newport Land: Prime Investment Opportunity

      Vacant land, renewable energy potential, high ROI.
      2552 Newport Charter Township Of, Charter Township of Berlin, MI 48166
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    • Contact for pricing

      22.59 Acres Off I-75

      22.59 acres of vacant land for sale off I-75.
      Newport Rd, Newport, MI 48166
      View Details

    Similar Nearby for Lease

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      4,050 SF

      Grafton Road Medical Office Space

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      4,000 SF

      Versatile Warehouse and Office Space

      Adaptable warehouse with optional office space for rent.
      7986 N Telegraph Rd, Newport, MI 48166
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      Versatile Industrial Office Space Available

      Spacious industrial office space for lease with on-site amenities.
      7986 N Telegraph Rd, Newport, MI 48166
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      Spacious Warehouse with Office Option

      Adaptable warehouse with optional office space for rent.
      7986 N Telegraph B, Newport, MI 48166
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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.

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