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    Property profile & analytics

    1403 Forbes Rd Iron River, MI 49935-9787

    • Auto shops
    • 3,000 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2952474
    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

    • Premier Earth Works LLC / Excavating Contractor

    Property Details for 1403 Forbes Rd

    Lot size
    2.00 lot acres
    Property size
    3,000 SF
    Property type
    Auto shops
    APN
    042-714-015-00
    APU
    4271401500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Iron River
    County
    Iron
    State
    Michigan
    Longitude
    -88.6539
    Latitude
    46.1182

    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
    0
    $0.00
    $3,500
    $38,530
    $42,030
    -
    $7,000
    $77,060
    $84,060

    Comparable in this City

    • Value Estimation by Request
      10,800 SF

      426 Genesee St

      AUTO REPAIR, GARAGE • 10,800 SF
      426 Genesee St, Iron River, MI 49935-1356
      View Details
    • Value Estimation by Request
      4,776 SF

      4037 Us Hwy 2nd 2

      AUTO REPAIR, GARAGE • 4,776 SF
      4037 Us Hwy 2nd 2, Iron River, MI 49935-7973
      View Details
    • Value Estimation
      $355,000
      2,000 SF

      201 Adams St

      AUTO REPAIR, GARAGE • 2,000 SF
      201 Adams St, Iron River, MI 49935-1432
      View Details
    • Value Estimation by Request
      4,110 SF

      301 Washington Ave

      AUTO REPAIR, GARAGE • 4,110 SF
      301 Washington Ave, Iron River, MI 49935-2213
      View Details
    • Value Estimation by Request
      3,900 SF

      133 Wild Riv Rd

      AUTO REPAIR, GARAGE • 3,900 SF
      133 Wild Riv Rd, Iron River, MI 49935
      View Details
    • Value Estimation by Request
      8,064 SF

      Iron River, MI 49935

      AUTO REPAIR, GARAGE • 8,064 SF
      Iron River, MI 49935
      View Details

    Similar Nearby for Sale

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      Prime Iron River Retail Space

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    • $154,500
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      Commercial Building on US-2, Michigan

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      View Details
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    1403 Forbes Rd
    Iron River, MI 49935-9787
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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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