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    Property profile & analytics

    1200 Joe Mann Blvd Midland, MI 48642-8905

    • Retail space
    • 20,122 SF
    • 2.20 lot acres
    OFF-MARKET
    Value Estimations
    $1,810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2067165
    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

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 1200 Joe Mann Blvd

    Year built
    2004
    Lot size
    2.20 lot acres
    Property size
    20,122 SF
    Zone code
    RC
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    11-33-60-520
    APU
    113360520

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,811,000
      Market price range: $594k - $2.05M
      AI Estimate
      $1,811,000
      Market price range: $594k - $2.05M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,240,000
      Current use
      OFFICE BUILDING
      $1,760,000
      Change: +42% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.2415
    Latitude
    43.6619
    CBSA code
    33220
    CBSA name
    MIDLAND, 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
    2022
    $44,715
    $0.00
    $0.00
    $913,100
    -
    $0.00
    $0.00
    $1,826,200

    Comparable in this City

    • Value Estimation
      $1,455,000
      17,495 SF

      1511 Joe Mann Blvd

      STORE, RETAIL OUTLET • 17,495 SF
      1511 Joe Mann Blvd, Midland, MI 48642-8902
      View Details
    • Value Estimation by Request
      1,456 SF

      1808 Bay City Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,456 SF
      1808 Bay City Rd, Midland, MI 48642-5952
      View Details
    • Value Estimation by Request
      5,000 SF

      620 Cambridge St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      620 Cambridge St, Midland, MI 48642-4500
      View Details
    • Value Estimation
      $595,000
      10,256 SF

      7814 Eastman Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,256 SF
      7814 Eastman Ave, Midland, MI 48642-7947
      View Details
    • Value Estimation by Request
      4,320 SF

      5323 Saginaw Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,320 SF
      5323 Saginaw Rd, Midland, MI 48642-7501
      View Details
    • Value Estimation
      $2,125,000
      20,894 SF

      1118 Joe Mann Blvd

      RETAIL STORES (PERSONAL SERVICES) • 20,894 SF
      1118 Joe Mann Blvd, Midland, MI 48642-8910
      View Details

    Similar Nearby for Sale

    • $449,000
      2.20 Acres

      Commercial Land with ATM Lease

      2.2 acres on Joe Mann Blvd with existing lease.
      421 Joe Mann Blvd, Midland, MI 48642
      View Details
    • $97,500
      1.06 Acres

      Residential Land in Foxfire Subdivision

      1.07 acre wooded building site in Midland, Michigan.
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      Development Land Near Retail Corridor

      31.45 +/- acres of development land near retail.
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      54,171 SF

      Eastwick Industrial Building For Sale

      Industrial building in Eastwick Industrial Park with office and mezzanine.
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      Development Parcel on Joe Mann

      6.69-acre development parcel with high visibility in Midland, MI.
      200 Joe Mann Blvd, Midland, MI 48642
      View Details
    • $499,000
      2.85 Acres

      Midland Commercial Land - $499K

      2.85-acre commercial lot near Davenport University.
      1714 Ridgewood Dr, Midland, MI 48642
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      860 SF

      Midland Office/Showroom Space Available

      Office/showroom space for lease near Dow and XALT Energy.
      1821 Austin St, Midland, MI 48642
      View Details
    • Contact for pricing
      1,313 SF

      Midland Office/Medical Space Available

      Unfinished office/medical space for lease near Midland Mall.
      801 Joe Mann Blvd, Midland, MI 48642
      View Details
    • Contact for pricing
      3,500 SF

      Midland Office Space For Lease

      Office space for lease in Midland, near US-10.
      1320 Waldo Ave, Midland, MI 48642
      View Details
    • $7 SF/Yr
      14,951 SF

      Midland Industrial Shop/Warehouse Space

      Prime Midland County location, 14,951 sq ft.
      1700 James Savage Rd, Midland, MI 48642
      View Details
    • Contact for pricing
      1,400 SF

      Second Floor Office Suite

      Office suite featuring open area, offices, and kitchen breakroom.
      3900 Centennial Dr, Midland, MI 48642
      View Details
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    Midland, MI 48642-8905
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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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