Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18564 200th Ave Tustin, MI 49688-8019
    Back to Search
    Property profile & analytics

    18564 200th Ave Tustin, MI 49688-8019

    View on Map
    • Commercial real estate
    • 1.55 lot acres
    Off-Market
    Property ID
    US43-2979435
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Herban Remedy / Alternative Medicine Practice

    Property Details for 18564 200th Ave

    Lot size
    1.55 lot acres
    Property type
    Commercial real estate
    APN
    01 035 009 04
    APU
    103500904

    Description

    This exceptional 3,800 square foot storefront in Tustin, Michigan, presents a compelling investment opportunity. Located on 1.55 acres at 18564 200th Ave, this single-unit property enjoys a prime location adjacent to Highway 131, providing excellent visibility and high traffic exposure from two sides. Built in 1980 and boasting a completely renovated interior, the property features a nearly brand-new commercial kitchen, a stunning stone fireplace, and a spacious parking lot. Additional amenities include a convenient pole barn for storage, a recently replaced roof and siding, and a Reverse Osmosis Water System. The interior also includes a handicap-accessible restroom, washer/dryer facilities, and a stand-up shower. Currently operating at 100% occupancy, this property is ideal for a variety of commercial uses, including restaurants. The property's versatile space and modern amenities offer significant potential for customization to meet diverse business needs. This is a rare opportunity to acquire a well-maintained, high-visibility commercial property in a thriving location. The asking price is $370,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tustin
    County
    Osceola
    State
    Michigan
    Longitude
    -85.4838
    Latitude
    44.0818

    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
    $2,307
    $0.00
    $0.00
    $49,900
    -
    $0.00
    $0.00
    $99,800

    Comparable in this City

    • Value Estimation by Request
      8.34 Acres

      18580 200th Ave

      COMMERCIAL (GENERAL) • 8.34 Acres
      18580 200th Ave, Tustin, MI 49688-8019
      View Details
    • Value Estimation by Request
      12.76 Acres

      Tustin, MI 49688

      COMMERCIAL (GENERAL) • 12.76 Acres
      Tustin, MI 49688
      View Details
    • Value Estimation by Request
      4.00 Acres

      20220 20th Mile Rd

      COMMERCIAL (GENERAL) • 4.00 Acres
      20220 20th Mile Rd, Tustin, MI 49688
      View Details
    • Value Estimation by Request
      17.00 Acres

      19122 20th Mile Rd

      COMMERCIAL (GENERAL) • 17.00 Acres
      19122 20th Mile Rd, Tustin, MI 49688-8000
      View Details
    • Value Estimation by Request
      2.78 Acres

      19062 20th Mile Rd

      COMMERCIAL (GENERAL) • 2.78 Acres
      19062 20th Mile Rd, Tustin, MI 49688-8000
      View Details
    • Value Estimation by Request
      0.19 Acres

      109 Howard St

      COMMERCIAL (GENERAL) • 0.19 Acres
      109 Howard St, Tustin, MI 49688-5124
      View Details

    Similar Nearby for Sale

    • New
      $109,900
      17.70 Acres

      Heavily Wooded 17+ Acre Land

      17+ acres of wooded land near lakes and Cadillac.
      M-115, Tustin, MI 49688
      View Details
    • $244,900
      1,822,986 SF

      Recreational Land with Horse Farm

      41.85 acres near Tustin, MI, suitable for recreation or building.
      21579 North 170Th Ave, Tustin, MI 49688
      View Details
    • Contact for pricing
      6,918 SF

      Tustin Masonry Business Opportunity

      Profitable, established masonry business with equipment and real estate included.
      116 E Bremer St, Tustin, MI 49688
      View Details
    • $395,000
      80.00 Acres

      Osceola County Hunting and Recreational Land

      80+/- acre property with diverse terrain and water features.
      200Th Ave, Tustin, MI 49688
      View Details
    • Contact for pricing
      Pending

      Land in Sherman Twp, MI

      2.75 acre residential land parcel on paved road.
      M-115 Vl, Tustin, MI 49688
      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.
    18564 200th Ave
    Tustin, MI 49688-8019
    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

    Thank You for Inquiry
    18564 200th Ave, Tustin, MI, 49688
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!