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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1140 Harmonia Rd Battle Creek, MI 49037-7440

    • Manufacturing properties
    • 12,000 SF
    • 5.44 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2204381
    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

    • Symponia Farms Inc. / Cannabis Store

    Property Details for 1140 Harmonia Rd

    Year built
    1982
    Lot size
    5.44 lot acres
    Property size
    12,000 SF
    Zone code
    I2
    Property type
    Manufacturing properties
    APN
    0133-00-002-0
    APU
    133000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $609,000
      Market price range: $199k - $609k
      AI Estimate
      $609,000
      Market price range: $199k - $609k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $395,000
      Current use
      RESTAURANT
      $995,000
      Change: +152% Conversion: Difficult
      OFFICE BUILDING
      $885,000
      Change: +124% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $810,000
      Change: +105% Conversion: Easy
      RETAIL STORES
      $710,000
      Change: +80% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.2441
    Latitude
    42.3336
    CBSA code
    12980
    CBSA name
    BATTLE CREEK, 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
    2022
    $0.00
    $0.00
    $0.00
    $417,396
    -
    $0.00
    $0.00
    $834,792

    Comparable in this City

    • Value Estimation by Request
      6,089 SF

      563 Jackson W St

      MANUFACTURING (LIGHT) • 6,089 SF
      563 Jackson W St, Battle Creek, MI 49037-2346
      View Details
    • Value Estimation by Request
      4,160 SF

      18 Springfield Dr

      MANUFACTURING (LIGHT) • 4,160 SF
      18 Springfield Dr, Springfield, MI 49037-8326
      View Details
    • Value Estimation by Request
      4,800 SF

      2827 Wilbur St

      MANUFACTURING (LIGHT) • 4,800 SF
      2827 Wilbur St, Springfield, MI 49037-7953
      View Details
    • Value Estimation by Request
      3,488 SF

      685 20th N St

      MANUFACTURING (LIGHT) • 3,488 SF
      685 20th N St, Springfield, MI 49037-7431
      View Details
    • Value Estimation by Request
      2,715 SF

      349 Hamblin W Ave

      MANUFACTURING (LIGHT) • 2,715 SF
      349 Hamblin W Ave, Battle Creek, MI 49037-8427
      View Details
    • Value Estimation
      $1,085,000
      33,044 SF

      4820 Wayne Rd

      MANUFACTURING (LIGHT) • 33,044 SF
      4820 Wayne Rd, Battle Creek, MI 49037-7324
      View Details

    Similar Nearby for Sale

    • $299,999

      Light Industrial Warehouse For Sale

      Freestanding, newly constructed warehouse suitable for cannabis or industrial use.
      24 Leonard Rd, Battle Creek, MI 49037
      View Details
    • $5,750,000
      112,500 SF

      Springfield Warehouse Investment

      112,500 SF NNN Lease, 6.83% Cap Rate
      1961 Base Ave, Springfield, MI 49037
      View Details
    • $2,900,000
      107,560 SF

      Industrial Building in Fort Custer

      Industrial building for sale in Fort Custer Industrial Park.
      300 Fritz Keiper Blvd, Battle Creek, MI 49037
      View Details
    • $145,000
      17,532 SF

      Battle Creek Warehouse on 3 Acres

      17,532 SF warehouse with fenced lot near downtown.
      551 W Michigan Ave W, Battle Creek, MI 49037
      View Details
    • $699,900
      10,033 SF

      Battle Creek Warehouse - $699,900

      10,033 SF Warehouse, Excellent Condition
      310 Custer Dr, Battle Creek, MI 49037
      View Details
    • $249,000
      6,260 SF

      Upgraded Industrial Building in Battle Creek

      Industrial building with recent upgrades in Battle Creek, Michigan.
      333 W Hamblin Ave, Battle Creek, MI 49037
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      4,000 SF

      Industrial Space Near I-94

      4000 SF industrial space with overhead doors near I-94.
      256 N 30Th St, Springfield, MI 49037
      View Details
    • $5 SF/Yr
      45,960 SF

      Battle Creek Warehouse Space Available

      Heated, insulated warehouse space in Fort Custer Industrial Park.
      4956 Wayne Rd, Battle Creek, MI 49037
      View Details
    • $10 SF/Yr
      2,779 SF

      Flex Space Near Battle Creek Airport

      Flex space with office, retail, and warehouse functionality available for rent.
      2535 5Th Ave, Springfield, MI 49037
      View Details
    • $5 SF/Yr
      13,128 SF

      Battle Creek Industrial Warehouse For Rent

      One-story industrial warehouse with office space available for lease.
      103 Grove St, Battle Creek, MI 49037
      View Details
    • $4,500 /Mo
      12,936 SF

      Remodeled Warehouse with Loading Docks

      Recently remodeled warehouse with loading docks and overhead doors.
      700 N 20Th St N, Springfield, MI 49037
      View Details
    • $1,500 /Mo
      1,537 SF

      Springfield Flex Space For Rent

      Flex space available for rent in Springfield, Michigan.
      4535 Wayne Rd Unit, Springfield, MI 49037
      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.
    1140 Harmonia Rd
    Battle Creek, MI 49037-7440
    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.

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.