Property profile

1100 Degurse Ave Marine City, MI 48039

OFF-MARKET
Warehouses
Property ID
US43-4529450
20,250 SF 1.62 ac lot Built 1986
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 20,850 square foot self-storage facility located at 1100 Degurse Ave, Marine City, MI 48039. The property sits on a 1.62-acre lot (APN: 02-001-2030-055) and comprises seven remotely managed buildings, all fully fenced and gated with a paved drive. The facility currently boasts 107 units and 1,200 square feet of office space leased to a local tenant under a triple-net lease. Currently operating at 74% physical occupancy (76% economic occupancy), this property offers significant value-add potential through rental rate increases to market standards. Recent improvements include roofing repairs completed in 2023. Strategically located near the intersection of King Road and Marine City Highway, this asset benefits from its position within Marine City's main commercial district, providing easy access to both commercial and residential tenants. As one of only three self-storage facilities in Marine City, this property presents a rare opportunity in a stable, underserved market, with proximity to the larger Detroit metropolitan area while maintaining a small-town atmosphere. The property's strong location and value-add potential make it an attractive investment for savvy self-storage investors.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1986
Total area 20,250 SF
Lot 1.62 ac (70,480 SF)
APN 74-02-001-2030-055
UPID US43-4529450

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1100 Degurse Ave Marine City, MI 48039-3807
Marine City metro Census 644000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$919k
Blend (final) Blend
$845k

Owner & transaction history

since 2023
Last sale
$930,000
5 recorded transactions
2023
$637,000
2020
Price N/A
2011
$490,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.4M +24.4%
Auto repair, garage $1.3M +13.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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