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    Property profile & analytics

    1317 Breen Ave Kingsford, MI 49802

    • Industrial properties
    • 1,350 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3311255
    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

    • Industrial properties

    Property Details for 1317 Breen Ave

    Year built
    1935
    Lot size
    0.29 lot acres
    Property size
    1,350 SF
    Property type
    Industrial properties

    Description

    This exceptional Kingsford, MI property offers a unique blend of commercial and residential space, ideal for owner-occupants or investors. The 1,350 square foot industrial building presents versatile opportunities for a variety of businesses, from retail to office or service-based operations. Attached is a comfortable 1-bedroom, 1.5-bathroom home, perfect for convenient living. The residence features a welcoming living room, a modern kitchen, and a spacious bedroom. A partially finished basement offers additional potential for expansion, whether for a family room, home office, or extra storage. The property sits on a 0.29-acre corner lot, providing ample space and privacy. A partially fenced yard offers room for outdoor activities or gardening. The attached two-car garage provides convenient parking and storage. The location is highly convenient, within walking distance of a local convenience store, gym, and restaurant. The residence could also be rented for additional income, enhancing the investment potential of this property. This property offers a rare combination of work and living space, making it an attractive opportunity for those seeking convenience, functionality, and a desirable location. The asking price is $119,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsford
    County
    Dickinson
    State
    Michigan
    Longitude
    -88.08567
    Latitude
    45.79314

    Comparable in this City

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      Kingsford Industrial Property - $114K

      Versatile Kingsford Commercial Space, Great Location
      1111 Carpenter Ave, Kingsford, MI 49802
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    • $284,900
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      Kingsford Industrial Space For Sale

      Prime commercial property, 3538 sq ft, 0.55 acres.
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    • $450,000
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      Tbd Hooper, Kingsford, MI 49802

      Industrial properties • 188,000 SF
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    • $399,900
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      Kingsford Industrial Property - M-95 Frontage

      High-Visibility Industrial Building, 5,000 sq ft
      212 Carpenter Ave, Kingsford, MI 49802
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    • $349,900
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      Kingsford Industrial Building - 1.5 Acres

      Spacious Industrial Building, Perfect for Business
      1525 Pyle Dr, Kingsford, MI 49802
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    Similar Nearby for Sale

    • $445,000
      17,170 SF

      Kingsford Industrial Space - Huge Potential

      Versatile 17,170 sq ft industrial building on 2.62 acres
      Kingsford, MI 49802
      View Details
    • $114,000
      102 SF

      Kingsford Industrial Property - $114K

      Versatile Kingsford Commercial Space, Great Location
      1111 Carpenter Ave, Kingsford, MI 49802
      View Details
    • $284,900
      3,538 SF

      Kingsford Industrial Space For Sale

      Prime commercial property, 3538 sq ft, 0.55 acres.
      809 Pyle Dr, Kingsford, MI 49802
      View Details
    • $450,000
      188,000 SF

      Tbd Hooper, Kingsford, MI 49802

      Industrial properties • 188,000 SF
      Tbd Hooper, Kingsford, MI 49802
      View Details
    • $399,900
      5,000 SF

      Kingsford Industrial Property - M-95 Frontage

      High-Visibility Industrial Building, 5,000 sq ft
      212 Carpenter Ave, Kingsford, MI 49802
      View Details
    • $349,900
      4,296 SF

      Kingsford Industrial Building - 1.5 Acres

      Spacious Industrial Building, Perfect for Business
      1525 Pyle Dr, Kingsford, MI 49802
      View Details
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    Kingsford, MI 49802
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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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