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Financial
Distress signals
Property profile

320 Park St Coloma, MI 49038

FOR SALE
Other warehouses
Property ID
US43-3515641
27,957 SF 3.02 ac lot Built 1950
Last sale Mar 2021 · $300,000
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

The property is a metal industrial building totaling 25,500 square feet, including an approximately 4,000-square-foot addition completed about 10 years ago. The newer portion features ceiling heights over 20 feet, two 14-foot ground-level doors, 440 three-phase power, gas heat, and central air conditioning. The original building has ceiling heights ranging from 12 to 18 feet and is divided into four manufacturing or storage areas, with two ground-level doors and seven dock doors. About 2,400…

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.

Debts

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 · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$200k
Effective rate4.32%

Value estimate

· Oct 2026
$375k
$338k – $413k
NOI build-up
Gross scheduled income$177k
Vacancy & credit loss−$15k
Operating expenses−$49k
NOI · 20.75% cap applied$114k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$41/SF
County average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$16 – $70

Cap rate analysis

How does the asset earn?
20.75%
$114k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.1
Law Firm11.5
Hair Salon11.4

Location

320 Park St Coloma, MI 49038
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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

Comparables

4 recorded sales · 12 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
151 Saint Joseph, Coloma, MI 49038-9707 $126,500 Apr 2024 7,866 SF
500 Washington, Coloma, MI 49038-9007 $67,000 Mar 2023 40,192 SF
Red Arrow, Coloma, MI 49038 $473,854 Nov 2022 15,120 SF
Coloma, MI 49038 $65,000 Jan 2021 1,920 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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