Financial
Distress signals
Property profile

4535 Wayne Rd B Springfield, MI 49037

FOR LEASE
Other warehouses
Property ID
US43-2126792
55,852 SF 7.99 ac lot Built 1979
Last sale Jul 2021 · $700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding industrial building totaling approximately 22,000 square feet is located on Wayne Road in Springfield, Michigan, near Fort Custer Industrial Park just outside the City of Battle Creek. The warehouse space has 22-foot ceiling heights and includes two overhead doors. The fenced and gated site provides paved parking and includes potential for outdoor storage. The property is configured for warehouse and storage use. An adjacent building is also present on the neighboring site, with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$22k
Tax billed · 2022
Assessed value · 2024$405k
Effective rate5.51%

Value estimate

· Sep 2026
$700k
$630k – $770k
Submarket $/SF estimate$922k
NOI build-up
Gross scheduled income$209k
Vacancy & credit loss−$14k
Operating expenses−$29k
NOI · 4,130,525.00% cap applied$165k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$22/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$7 – $33

Cap rate analysis

How does the asset earn?
4,130,525.00%
$165k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IRT
General categoryINDUSTRIAL
JurisdictionCALHOUN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.1
Auto Repair Shop9.4
Electrical Service9.3

Location

4535 Wayne Rd, Unit B Springfield, MI 49037
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1290 Dickman, Springfield, MI 49037-4858 $3,411,633 Mar 2024 63,012 SF
47 Grand Trunk, Battle Creek, MI 49037-8432 $50,000 Jul 2022 25,359 SF
5243 Wayne, Battle Creek, MI 49037-7323 $1,950,000 Apr 2022 81,900 SF
126 Ave C, Springfield, MI 49037-8240 $625,000 Dec 2021 85,819 SF
101 Bishop, Springfield, MI 49037-7759 $700,000 Sep 2021 30,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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