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
    Back to Search
    Property profile & analytics

    23680 Frnt Ave Mattawan, MI 49071-8924

    • Commercial land
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2505428
    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

    • Commercial land

    Property Details for 23680 Frnt Ave

    Lot size
    0.29 lot acres
    Zone code
    CALL VILLAGE
    Property type
    Commercial land
    APN
    80-46-100-006-00
    APU
    804610000600

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mattawan
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.7848
    Latitude
    42.2105
    CBSA code
    28020
    CBSA name
    KALAMAZOO-PORTAGE, 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
    2020
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.78 Acres

      24054 M 43

      VACANT COMMERCIAL LAND • 0.78 Acres
      24054 M 43, Mattawan, MI 49071-8799
      View Details
    • Value Estimation by Request
      2.20 Acres

      Red Arrow Hwy

      VACANT COMMERCIAL LAND • 2.20 Acres
      Red Arrow Hwy, Mattawan, MI 49071
      View Details
    • Value Estimation by Request
      1.00 Acre

      25380 Red Arrow Hwy

      VACANT COMMERCIAL LAND • 1.00 Acre
      25380 Red Arrow Hwy, Mattawan, MI 49071-9767
      View Details
    • Value Estimation by Request
      1.13 Acres

      56550 Vlg Ctr Cir

      VACANT COMMERCIAL LAND • 1.13 Acres
      56550 Vlg Ctr Cir, Mattawan, MI 49071-8372
      View Details
    • Value Estimation by Request
      1.00 Acre

      Frnt Ave Ave

      VACANT COMMERCIAL LAND • 1.00 Acre
      Frnt Ave Ave, Mattawan, MI 49071
      View Details
    • Value Estimation by Request
      1.00 Acre

      Mattawan, MI 49071

      VACANT COMMERCIAL LAND • 1.00 Acre
      Mattawan, MI 49071
      View Details

    Similar Nearby for Sale

    • $169,900
      1.61 Acres

      Commercial Land in Mattawan, MI

      1.61 acre commercial land with high traffic road frontage.
      25 Hwy, Mattawan, MI 49071
      View Details
    • $479,000
      1.78 Acres

      Prime Corner Commercial Land Available

      High-visibility corner lot in Mattawan's commercial overlay district.
      23913 Red Arrow Hwy, Mattawan, MI 49071
      View Details
    • $800,000
      2.36 Acres

      Mattawan Land Development Opportunity

      Prime commercial land near I-94 and Charles River campus.
      23440 E Mcgillen Ave, Mattawan, MI 49071
      View Details
    • $77,000
      1.30 Acres

      Land in Mattawan School District

      Building site in Mattawan, suitable for residential or commercial development.
      22889 Red Arrow Hwy, Mattawan, MI 49071
      View Details
    • $60,000
      1.01 Acres

      Commercial Lot in McGillen's Crossing

      One-acre commercial lot in Mattawan's Village General Business District.
      56550 Village Center Cir, Mattawan, MI 49071
      View Details
    • $60,000
      1.02 Acres

      Commercial Lot in McGillen's Crossing

      Commercial land with city utilities in a popular business district.
      23901 Village Center Cir, Mattawan, MI 49071
      View Details

    Similar Nearby for Lease

    • $3,600 /Mo
      4,214 SF

      Mattawan Commercial Space For Rent

      Flexible 4,100 SF space on a busy commercial corridor.
      52364 N Main St, Mattawan, MI 49071
      View Details
    • $14 SF/Yr
      9,629 SF

      Mattawan Office Suite Available

      Turnkey office space, high visibility.
      23910 City Center Cir, Mattawan, MI 49071
      View Details
    • $16 SF/Yr
      1,600 SF

      Retail Space in Mattawan

      Available retail suite with open layout and high visibility.
      23950 City Center Cir, Mattawan, MI 49071
      View Details
    • $16 SF/Yr
      1,450 SF

      Retail Space in Mattawan

      Available retail suite in a fast-growing Mattawan development.
      23950 City Center Cir, Mattawan, MI 49071
      View Details
    • $17 SF/Yr
      15,764 SF

      Mattawan Medical/Salon Office Space

      1,170 SF office space in multi-tenant building for lease.
      24466 Red Arrow Hwy, Mattawan, MI 49071
      View Details
    • $14 SF/Yr
      3,050 SF

      Retail Space in Mattawan, MI

      3,050 SF retail suite available in fast-growing Mattawan.
      23950 City Center Cir, Mattawan, MI 49071
      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.
    23680 Frnt Ave
    Mattawan, MI 49071-8924
    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.

    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
    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.