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
    Property profile & analytics

    5606 State Rd Fort Gratiot, MI 48059-2605

    • Industrial properties
    • 748 SF
    • 16.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4560333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 5606 State Rd

    Year built
    1996
    Lot size
    16.70 lot acres
    Property size
    748 SF
    Property type
    Industrial properties
    APN
    74-20-005-4007-000
    APU
    74200054007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Gratiot
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4953
    Latitude
    43.0704
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,335
    $0.00
    $0.00
    $72,900
    -
    $0.00
    $0.00
    $145,800

    Comparable in this City

    • Value Estimation by Request
      250 SF

      4450 Parker Rd

      INDUSTRIAL (GENERAL) • 250 SF
      4450 Parker Rd, Fort Gratiot, MI 48059-3729
      View Details
    • Value Estimation by Request
      2.68 Acres

      4129 Burtch Rd

      INDUSTRIAL (GENERAL) • 2.68 Acres
      4129 Burtch Rd, Burtchville, MI 48059-1804
      View Details
    • Value Estimation by Request
      2,265 SF

      7079 Lakeshore Rd

      Industrial properties • 2,265 SF
      7079 Lakeshore Rd, Lakeport, MI 48059
      View Details
    • Value Estimation by Request
      14,664 SF

      8902 Babcock Rd

      WAREHOUSE, STORAGE • 14,664 SF
      8902 Babcock Rd, Burtchville, MI 48059-1023
      View Details
    • Value Estimation by Request
      3,200 SF

      8555 Lakeshore Rd

      MINI-WAREHOUSE, STORAGE • 3,200 SF
      8555 Lakeshore Rd, Burtchville, MI 48059-1112
      View Details
    • Value Estimation
      $100,000
      4,620 SF

      6231 Lakeshore Rd

      WAREHOUSE, STORAGE • 4,620 SF
      6231 Lakeshore Rd, Burtchville, MI 48059-4345
      View Details

    Similar Nearby for Sale

    • $699,000
      3,492 SF

      Lake Huron Restaurant & Cottages

      Thriving Restaurant, Lakefront Views, Income Potential
      7933 Lakeshore Rd, Burtchville, MI 48059
      View Details
    • $260,000
      2,265 SF

      Lakeport Industrial Portfolio Opportunity

      Three-unit commercial property, fully occupied.
      7079 Lakeshore Rd, Lakeport, MI 48059
      View Details
    • $250,000
      15.08 Acres

      Fort Gratiot Vacant Land

      15.08-acre lot suited for recreation, agriculture, or private residence.
      4452 Cole Rd, Fort Gratiot, MI 48059
      View Details
    • $249,900
      1.96 Acres

      Commercial Land in Fort Gratiot

      Prime commercial land opportunity in Fort Gratiot Township.
      Meadowlawn Vl, Fort Gratiot, MI 48059
      View Details
    • $80,900
      1.61 Acres

      Commercial Land on M25

      Two commercial lots totaling 1.61 acres on M25.
      Kimball M25, Fort Gratiot, MI 48059
      View Details
    • $575,050
      21.00 Acres

      Fort Gratiot Vacant Land Opportunity

      20+ acre partially wooded land near Lake Huron.
      00 Lakeshore Ter, Fort Gratiot, MI 48059
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      31,080 SF

      Prime Fort Gratiot Retail Space

      31,080 SF Vacant Retail Building
      4055 24Th Ave, Fort Gratiot Township, MI 48059
      View Details
    • $12 SF/Yr
      32,585 SF

      Prime Retail Space on 24th

      Well-maintained commercial property with high visibility and ample parking.
      4130 24Th Ave, Fort Gratiot Township, MI 48059
      View Details
    • $12 SF/Yr
      154,000 SF

      Fort Gratiot Plaza Retail Space

      High-visibility retail space, ample parking.
      4025 24Th Ave, Fort Gratiot Township, MI 48059
      View Details
    • Contact for pricing
      630,130 SF

      Birchwood Mall Retail Space Available

      Prime St. Clair County retail space, multiple units.
      4350 24Th Ave, Fort Gratiot Township, MI 48059
      View Details
    • Contact for pricing
      781 SF

      Meijer In-Store Retail Space

      781 SF Retail Space Available
      4775 24Th Ave, Fort Gratiot, MI 48059
      View Details
    • $12 SF/Yr
      4,122 SF

      Krafft Road Retail Opportunity

      Prime Fort Gratiot Retail Space
      3024 Krafft Rd, Fort Gratiot Township, MI 48059
      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.
    5606 State Rd
    Fort Gratiot, MI 48059-2605
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.