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    10654 Stoney Point Dr Delton, MI 49046

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    10654 Stoney Point Dr Delton, MI 49046

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    • Commercial real estate
    Off-Market
    Property ID
    US43-4463525
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10654 Stoney Point Dr

    Property type
    Commercial real estate

    Description

    This exceptional business opportunity presents a turnkey furniture repair franchise located at 10654 Stoney Point Drive, Delton, MI 49046. Priced at $45,000, this established Furniture Medic franchise serves Kent County and the broader West Michigan area, making it the sole franchise in the region. The business boasts a diverse clientele, including residential, commercial, office, restaurant, senior living, and hotel clients. Significant referral sources include the Furniture Medic home office, generating work from large corporate accounts such as Costco and Wayfair. Additional business streams are cultivated through partnerships with moving companies, restoration companies, and insurance providers. The sale includes the franchise rights, existing equipment, and a substantial backlog of current work. The owner-operator enjoys the flexibility to tailor the business model, specializing in specific areas or offering a full range of services. This presents a unique opportunity to acquire a profitable, established business with significant growth potential in a desirable market. The property itself is a special purpose property with no units and a lot size of 0 acres. This listing is for the business and its associated assets, not the land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Delton
    County
    Barry
    State
    Michigan
    Longitude
    -85.4241165
    Latitude
    42.4987946

    Comparable in this City

    • $99,900
      Pending

      Lakefront Land on Big Cedar

      Four acres of lakefront property on all-sports Big Cedar Lake.
      3115 Perch Point Dr, Delton, MI 49046
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    • $350,000
      25.50 Acres

      Beautiful Wooded Acreage with Lake

      25.5 acre wooded parcel with lake frontage.
      Vl Head Rd, Delton, MI 49046
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    • $69,000
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      Guernsey Lake Waterfront Land

      0.33 acre lot with frontage on Guernsey Lake!
      277 Lakeside Dr, Delton, MI 49046
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    • $55,000
      0.41 Acres

      Residential Land Near Guernsey Lake

      0.41-acre building site with deeded lake access.
      V/L Guernsey Lk Rd, Delton, MI 49046
      View Details

    Similar Nearby for Sale

    • $99,900
      Pending

      Lakefront Land on Big Cedar

      Four acres of lakefront property on all-sports Big Cedar Lake.
      3115 Perch Point Dr, Delton, MI 49046
      View Details
    • $350,000
      25.50 Acres

      Beautiful Wooded Acreage with Lake

      25.5 acre wooded parcel with lake frontage.
      Vl Head Rd, Delton, MI 49046
      View Details
    • $69,000
      0.33 Acres

      Guernsey Lake Waterfront Land

      0.33 acre lot with frontage on Guernsey Lake!
      277 Lakeside Dr, Delton, MI 49046
      View Details
    • $55,000
      0.41 Acres

      Residential Land Near Guernsey Lake

      0.41-acre building site with deeded lake access.
      V/L Guernsey Lk Rd, Delton, MI 49046
      View Details
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    Delton, MI 49046
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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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