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    9693 Short Cut Rd Marine City, MI 48039
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    Property profile & analytics

    9693 Short Cut Rd, Marine City, MI 48039

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    • Land
    • 56,950 SF
    • 3.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 9693 Short Cut Rd

    Year built
    2025
    Lot size
    3.00 lot acres
    Property type
    Land
    Property subtype
    Self storage facilities

    Description

    This exceptional 3-acre commercial land parcel in Marine City, Michigan presents a compelling investment opportunity. Currently slated for completion in 2025, the development plan encompasses a state-of-the-art self-storage facility totaling 56,950 square feet, distributed across eight single-story buildings. The facility will offer 404 individual storage units, providing ample space for diverse storage needs. Its convenient location near downtown Marine City, off M-29 and adjacent to Riverside Plaza, ensures high visibility and accessibility. The property boasts a fully fenced perimeter and a comprehensive security camera system for enhanced safety and peace of mind. The property's APN is 74020123012200 and is zoned for commercial use. This development promises a strong return on investment, capitalizing on the growing demand for self-storage solutions in the area. The asking price for this exceptional property is $599,000. Don't miss this chance to acquire a high-potential self-storage development project in a thriving Michigan community. The address is 9693 Shortcut Road, Marine City, MI 48039.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marine City
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.5091
    Latitude
    42.698

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      King Rd

      Land
      0 King Rd, Marine City, MI 48039
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    • Value Estimation by Request
      6.00 Acres

      6210 King Rd

      Land
      6210 King Rd, Marine City, MI 48039
      View Details
    • Value Estimation by Request
      17,224 SF

      6405 Short Cut Rd

      MINI-WAREHOUSE, STORAGE
      6405 Short Cut Rd, Cottrellville, MI 48039-2015
      View Details
    • Value Estimation
      $655,000
      13,500 SF

      6217 King Rd

      MINI-WAREHOUSE, STORAGE
      6217 King Rd, Marine City, MI 48039-1428
      View Details
    • Value Estimation by Request
      7,500 SF

      715 Chartier

      MINI-WAREHOUSE, STORAGE
      715 Chartier, Marine City, MI 48039-2348
      View Details
    • Value Estimation
      $2,375,000
      51,000 SF

      6220 King Rd

      MINI-WAREHOUSE, STORAGE
      6220 King Rd, Marine City, MI 48039-1400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      56,950 SF

      Self-Storage Facility Opportunity

      Proposed self-storage facility near downtown Marine City.
      9693 Short Cut Rd, Marine City, MI 48039
      View Details
    • $34,900

      Vacant Land Near St. Clair

      Vacant parcel with deeded water rights near St. Clair River.
      000 Martindale Ct, Marine City, MI 48039
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    • $63,500
      Pending

      Land for Sale

      Land available in Marine City, Michigan.
      245 N Mary St, Marine City, MI 48039
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    • $349,900

      Marine City Retail/Shop Opportunity

      Hybrid building with retail and shop area in Marine City.
      123 N Belle River Rd, Marine City, MI 48039
      View Details
    • New
      Contact for pricing
      6,696 SF

      Single-Story Commercial Flex Building

      Single-story clear-span commercial building with assembled frontage and flexible adjacent land for varied retail and service uses.
      123 N Belle River Ave, Marine City, MI 48039
      View Details
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    Marine City, MI 48039
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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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