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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
1665 Busha Hwy, Marysville, MI 48040-1788
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-4538013
Property summary
AI-generated overview
This exceptional industrial property, located at 1665 Busha Highway in Marysville, Michigan, presents a remarkable investment opportunity. The warehouse boasts a substantial 9,132 square feet of space situated on a generous 10.9-acre lot. The property features 20 loading docks, offering significant operational efficiency, potentially configured as 10 cross-docks. The building has undergone recent renovations in 2024, including a fresh coat of paint throughout the warehouse and the installation of upgraded LED lighting, enhancing both aesthetics and energy efficiency. The property is currently vacant, providing immediate occupancy for a new tenant. The zoning is designated M-1, allowing for a variety of industrial uses. The property's address is 1665 Busha Hwy, Marysville, MI 48040, with the APN 74-03-051-0014-000. This single-story building offers a functional and versatile space, ideal for various industrial operations. The asking price is $795,500, translating to $87.11 per square foot. This represents a compelling value proposition for a well-maintained, strategically located warehouse with significant capacity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
9,132 SF
Lot
10.9 ac (474,760 SF)
Zoning code
M-1
APN
74-03-051-0014-000
UPID
US43-4538013
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
World wide Carriers US INC. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$685k
Owner & transaction history
Nelson Family Enterprises LLC · 2 yrs held
Nelson Family Enterprises LLC
since 2023
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
M-1 · Marysville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+115.0%
Commercial (general)
$830,000
+59.5%
Office building
$740,000
+42.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
MEDICAL BUILDING
$1,115,000
Change: +115% · Conversion: Difficult
COMMERCIAL (GENERAL)
$830,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: +14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$450,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $600k (Nov 16 2023)
Last sale anchor
$600k
Nov 16 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,578
Tax year 2023
Assessed value
$281,500
Assessed 2024
Previous assessed
$277,900
+1.3% YoY
Effective rate
6.24%
On assessed value
Total market value
$563,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Stories
1
Total area
9,132 SF
Lot
10.9 ac (474,760 SF)
Zoning code
M-1
APN
74-03-051-0014-000
UPID
US43-4538013
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Marysville, MI
Zoning M-1 · permitted uses
M-1 · Marysville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$520,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$830,000
OFFICE BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$590,000
INDUSTRIAL (GENERAL)
Est. value
$450,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Stories
1
Lot
10.9 ac
Current owner
From public records · entity-resolved
Nelson Family Enterprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2610 DAKOTA AVE, SOUTH SIOUX CITY, NE 68776-3232
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2023
$600,000
Nelson Family Enterprises LLC
Daniel C Brezeale
Warranty Deed
—
Dec 13, 2021
$515,000
Daniel C Breazeale
2613853 Ontario Ltd
Warranty Deed
—
Jan 26, 2018
$325,000
2613853 Ontario Ltd
Haas Investment Co
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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