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    65 Paw Paw Mi Usa Paw Paw, MI 49079
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    65 Paw Paw Mi Usa, Paw Paw, MI 49079

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    Property Details for 65 Paw Paw Mi Usa

    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional 229,000 USD land parcel, identified as Derhammer Pkwy Parcel 80-02-018-053-65, presents a unique opportunity for development within the thriving Derhammer Industrial Park in Paw Paw, Michigan. Located in Van Buren County, this property offers versatile usage potential, suitable for a range of industrial applications including distribution, flex space, manufacturing, or even self-storage facilities. The parcel's strategic location provides unparalleled access to major transportation networks, situated less than a mile from Interstate 94, ensuring seamless logistics and efficient distribution capabilities. This prime location offers businesses the advantage of convenient access to regional and national markets. The property is zoned for industrial use, simplifying the development process and minimizing potential delays. With its flexible zoning and prime location, this parcel represents a compelling investment opportunity for businesses seeking to establish or expand their operations in a dynamic and strategically advantageous location. The address is Derhammer Pkwy Parcel 65, Paw Paw, MI 49079. The property's latitude and longitude coordinates are 42.2017057, -85.8734101 respectively. This is a blank canvas for your next industrial project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.8734
    Latitude
    42.2017

    Comparable in this City

    • Value Estimation by Request

      45 Pawa Paw Mi

      Distribution properties
      45 Pawa Paw Mi, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request

      75 Paw Paw Mi Usa

      Distribution properties
      75 Paw Paw Mi Usa, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request

      Parcel 80-02-018-053-70 Derhammer Pkwy

      Distribution properties
      Parcel 80-02-018-053-70 Derhammer Pkwy, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request
      31,524 SF

      39149 Red Arrow Hwy

      DISTRIBUTION WAREHOUSE
      39149 Red Arrow Hwy, Paw Paw, MI 49079-9389
      View Details
    • Value Estimation by Request
      31,383 SF

      Commercial Ave

      DISTRIBUTION WAREHOUSE
      Commercial Ave, Paw Paw, MI 49079
      View Details
    • Value Estimation by Request
      77,140 SF

      42589 Red Arrow Hwy

      DISTRIBUTION WAREHOUSE
      42589 Red Arrow Hwy, Paw Paw, MI 49079-9733
      View Details

    Similar Nearby for Sale

    • $199,000

      Derhammer Parkway Industrial Land Parcel

      Paw Paw, MI: Prime Industrial Land
      45 Pawa Paw Mi, Paw Paw, MI 49079
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    • $249,000
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      Derhammer Parkway Industrial Land

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    • $324,814
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      Paw Paw Commercial Opportunity

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      Paw Paw Commercial Building on Acreage

      Commercial building with fenced storage, outbuilding, and high-traffic location.
      1011 E Michigan Ave, Paw Paw, MI 49079
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    • $39,900
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      Paw Paw Land Parcel

      2.08-acre parcel with road frontage and creek.
      Vl County Rd 665, Paw Paw, MI 49079
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    Similar Nearby for Lease

    • $10 SF/Yr
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      Move-in Ready Industrial Building

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      Move-in Ready Industrial Building

      10,912 SF light industrial building with office space for lease.
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    • Contact for pricing

      Former Retail Space in Paw Paw

      Former Dollar General in growing commercial corridor near Kalamazoo.
      924 E Michigan Ave, Paw Paw, MI 49079
      View Details
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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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