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    Property profile & analytics

    133 Michigan Ave Paw Paw, MI 49079-1429

    • Medical offices
    • 1,935 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Jul 31, 2023
    $375,000
    Location Intelligence
    Property ID
    US43-2262188
    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

    • Hiemstra Optical, Paw Paw, MI / Optician
    • Morrison Grant C OD / Optometrist
    • Cleary David A OD / Optometrist
    • Gruinga Lana OD / Optometrist
    • Caroselli Peter A OD / Optometrist

    Property Details for 133 Michigan Ave

    Year built
    1860
    Lot size
    0.04 lot acres
    Property size
    1,935 SF
    Zone code
    VILLAGE
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    80-47-106-014-00
    APU
    804710601400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $405,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $445,000
      Retail
      $400,000
      Mixed-Use
      $440,000
      Hospitality
      $385,000
      Educational
      $420,000
      Residential Income
      $395,000
      Energy
      $390,000
      Income-Based Land
      $380,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.8916
    Latitude
    42.2179
    CBSA code
    28020
    CBSA name
    KALAMAZOO-PORTAGE, 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
    2020
    $2,600
    $0.00
    $0.00
    $57,200
    -
    $0.00
    $0.00
    $114,400

    Comparable in this City

    • Value Estimation by Request
      96,530 SF

      451 Health Pkwy

      DENTAL BUILDING • 96,530 SF
      451 Health Pkwy, Paw Paw, MI 49079-8242
      View Details
    • Value Estimation
      $370,000
      1,935 SF

      135 Michigan Ave

      DENTAL BUILDING • 1,935 SF
      135 Michigan Ave, Paw Paw, MI 49079-1429
      View Details
    • Value Estimation by Request
      4,109 SF

      32800 Red Arrow Hwy

      MEDICAL CLINIC • 4,109 SF
      32800 Red Arrow Hwy, Paw Paw, MI 49079-9401
      View Details
    • Value Estimation by Request
      10,000 SF

      408 Hazen St

      DENTAL BUILDING • 10,000 SF
      408 Hazen St, Paw Paw, MI 49079-1019
      View Details
    • Value Estimation by Request
      1,553 SF

      612 Michigan Ave

      MEDICAL CLINIC • 1,553 SF
      612 Michigan Ave, Paw Paw, MI 49079-1041
      View Details
    • Value Estimation by Request
      2,658 SF

      54055 County Rd 653

      MEDICAL CLINIC • 2,658 SF
      54055 County Rd 653, Paw Paw, MI 49079-9486
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

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    • $18 SF/Yr
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      Paw Paw Retail Space - 8,125 SF

      Prime Retail Space, High Visibility Location
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    Paw Paw, MI 49079-1429
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    Realmo Value Estimation

    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.

    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.

    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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