Property profile & analytics
1113 Electric Ave Wayland, MI 49348-8907
- Flex space
- 11,888 SF
- 1.90 lot acres
OFF-MARKET
Value Estimations
$695,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-2098734
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
- Flex space
Property Details for 1113 Electric Ave
- Year built
- 2002
- Lot size
- 1.90 lot acres
- Property size
- 11,888 SF
- Property type
- Flex space
- APN
- 13-216-027-00
- APU
- 1321602700
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $420,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $925,000
- 6.5%
- $855,000
- 7%
- $795,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $464,000
Market price range: $169k - $687k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $925,000 Current use
- OFFICE BUILDING
- $1,155,000 Change: +25% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $840,000 Change: -9% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wayland
- County
- Allegan
- State
- Michigan
- Longitude
- -85.6512
- Latitude
- 42.7677
- CBSA code
- 26090
- CBSA name
- HOLLAND, MI MICROPOLITAN 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
2023
$12,587
$36,000
$318,600
$354,600
-
$72,000
$637,200
$709,200
