Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    131 Main St Capac, MI 48014-3143

    • Office buildings
    • 10,431 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4513084
    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

    • Office buildings

    Property Details for 131 Main St

    Year built
    1900
    Lot size
    0.23 lot acres
    Property size
    10,431 SF
    Zone code
    VILLAGE
    Property type
    Office buildings
    APN
    74-40-950-0137-000
    APU
    74409500137000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $846,000
      Market price range: $630k - $1.14M
      AI Estimate
      $846,000
      Market price range: $630k - $1.14M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $845,000
      Current use
      MEDICAL BUILDING
      $1,275,000
      Change: +51% Conversion: Easy
      COMMERCIAL (GENERAL)
      $945,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $740,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Capac
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.9289
    Latitude
    43.0139
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, 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
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      896 SF

      220 Hunter St

      OFFICE BUILDING • 896 SF
      220 Hunter St, Capac, MI 48014-3708
      View Details
    • Value Estimation by Request
      5,738 SF

      107 Main St, Unit 1

      OFFICE BUILDING • 5,738 SF
      107 Main St, Capac, MI 48014-3178
      View Details
    • Value Estimation
      $500,000
      6,161 SF

      14675 Downey Rd

      OFFICE BUILDING • 6,161 SF
      14675 Downey Rd, Mussey, MI 48014-3121
      View Details
    • Value Estimation by Request
      4,400 SF

      585 Main St

      OFFICE BUILDING • 4,400 SF
      585 Main St, Capac, MI 48014-3151
      View Details
    • Value Estimation by Request
      1,464 SF

      109 Main St, Unit 2

      OFFICE BUILDING • 1,464 SF
      109 Main St, Capac, MI 48014-3715
      View Details
    • Value Estimation by Request
      2,688 SF

      124 Main St, Unit 3

      OFFICE BUILDING • 2,688 SF
      124 Main St, Capac, MI 48014-3142
      View Details

    Similar Nearby for Sale

    • $450,000
      Pending

      Former Church with Commercial Land

      Former church on 10 acres with commercial potential.
      4331 Capac Rd, Capac, MI 48014
      View Details
    • $249,900

      Historical Building in Capac Village

      Two-unit commercial building in Capac, suitable for various businesses.
      124 N Main St, Capac, MI 48014
      View Details
    • $656,000
      80.00 Acres

      Deer Park: 80-Acre Commercial Land

      Prime Capac, MI development opportunity. 80 acres, residential zoning.
      0 Deer Park, Capac, MI 48014
      View Details
    • $289,900
      2,500 SF

      Capac Industrial Building - Prime Location

      Historic building, two units, 2,500 sq ft
      124 Main St, Capac, MI 48014
      View Details
    • $425,000
      34.00 Acres

      34 Acres Vacant Land Available

      34 acres of vacant land near I-69 in Capac, MI.
      3520 Capac Rd, Capac, MI 48014
      View Details
    • $395,000
      35.00 Acres

      Commercial Land Near I-69 Ramp

      28 acres of commercial land available near I-69.
      3283 Capac Rd, Capac, MI 48014
      View Details

    Similar Nearby for Lease

    • $4,151 /Mo

      Restaurant and Live-Work Space

      Two-building property with restaurant and apartment.
      512 N Main St N, Capac, MI 48014
      View Details
    • Contact for pricing
      58,000 SF

      58,000 SF Warehouse Complex

      Warehouse complex with refrigeration or heating, 12 docks, immediate occupancy.
      15313 Bryce Rd, Mussey, MI 48014
      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.
    131 Main St
    Capac, MI 48014-3143
    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.
    Sign Up Successful!
    You now have access to more from Realmo!