Sign Up Successful!
You now have access to more from Realmo!
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

    15998 Michigan Ave Marshall, MI 49068-8539

    • Commercial real estate
    • 4,027 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 28, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0327314
    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

    • Dairy Queen Grill & Chill / Fast Food Restaurant / Ice Cream Shop
    • Dairy Queen / Fast Food Restaurant

    Property Details for 15998 Michigan Ave

    Lot size
    2.00 lot acres
    Property size
    4,027 SF
    Property type
    Commercial real estate
    APN
    53-024-700-01
    APU
    5302470001

    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
    Marshall
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.9844
    Latitude
    42.2704
    CBSA code
    12980
    CBSA name
    BATTLE CREEK, 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
    2022
    $0.00
    $0.00
    $0.00
    $341,800
    -
    $0.00
    $0.00
    $683,600

    Comparable in this City

    • Value Estimation by Request

      0000 Us 27

      Land
      0000 Us 27, Marshall, MI 49068
      View Details
    • Value Estimation by Request
      15.00 Acres

      7 Michigan Ave

      Farms • 15.00 Acres
      7 Michigan Ave, Marshall, MI 49068
      View Details
    • Value Estimation by Request
      1.07 Acres

      12203 15th 12th Mile Rd

      COMMERCIAL (GENERAL) • 1.07 Acres
      12203 15th 12th Mile Rd, Marshall, MI 49068-8516
      View Details
    • Value Estimation by Request
      76.60 Acres

      15 Mile Rd

      COMMERCIAL (GENERAL) • 76.60 Acres
      15 Mile Rd, Marshall, MI 49068
      View Details
    • Value Estimation by Request
      6,080 SF

      16969 Burlingame Dr

      COMMERCIAL (GENERAL) • 6,080 SF
      16969 Burlingame Dr, Marshall, MI 49068-8422
      View Details
    • Value Estimation by Request
      1,680 SF

      342 Grand St

      COMMERCIAL (GENERAL) • 1,680 SF
      342 Grand St, Marshall, MI 49068
      View Details

    Similar Nearby for Sale

    • $1,755,000

      Prime Calhoun County Commercial Land

      135 Acres, Stunning Lake Views, Buildable
      0000 Us Highway 27, Marshall, MI 49068
      View Details
    • $450,000
      15.00 Acres

      Prime 15-Acre Marshall Land

      Agricultural & Commercial Development Opportunity
      7 Michigan Ave, Marshall, MI 49068
      View Details
    • $1,699,000
      11.53 Acres

      Prime Commercial Land, Marshall, MI

      11.53 Acres, I-94 Visibility, $1.7M
      14998 Old Us-27, Marshall, MI 49068
      View Details
    • $650,000
      27.99 Acres

      Marshall Industrial Land - 28 Acres

      Prime development land near I-94 & I-69.
      0 V/L #2 Michigan Ave, Marshall, MI 49068
      View Details
    • $499,999
      2,800 SF

      Marshall Cannabis Cultivation Facility

      13-Acre Industrial Property, $499,999
      19567 L Dr, Marshall, MI 49068
      View Details
    • $63,500
      3.61 Acres

      Land Near Cedar Lake

      3.61-acre lot near Cedar Lake, ready for construction.
      V/L Cedar Lk, Marshall, MI 49068
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,000 SF

      Marshall Plaza Retail Space

      Prime Calhoun County retail opportunity.
      15861 Michigan Ave, Marshall, MI 49068
      View Details
    • $14 SF/Yr
      5,300 SF

      Marshall Office Space For Lease

      Office property available for lease in Marshall, Michigan.
      13464 Preston Dr, Marshall, MI 49068
      View Details
    • New
      $3 SF/Yr
      45,985 SF

      Industrial/Warehouse Space in Marshall, MI

      Industrial/warehouse space available for lease in Marshall, Michigan.
      1507 S Kalamazoo Ave, Marshall, MI 49068
      View Details
    • Contact for pricing
      7,048 SF

      Marshall Retail Space: High Visibility

      7,048 SF Retail Space, Ample Parking
      1150 Michigan Ave, Marshall, MI 49068
      View Details
    • $14 SF/Yr

      Office and Retail Space Available

      Office and retail suites available with parking.
      13464 Preston Dr, Marshall, MI 49068
      View Details
    • $14 SF/Yr
      5,300 SF

      Marshall Office Suites For Rent

      Office suites available in Marshall, suitable for professional services.
      13464 Preston Dr, Marshall, MI 49068
      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.
    15998 Michigan Ave
    Marshall, MI 49068-8539
    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.