Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1945 Pipestone Rd Benton Harbor, MI 49022-2314

    • Drive through restaurants
    • 3,361 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3254441
    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

    • Burger King / Restaurant / Fast Food Restaurant

    Property Details for 1945 Pipestone Rd

    Year built
    2018
    Lot size
    0.95 lot acres
    Property size
    3,361 SF
    Zone code
    D1 COMM
    Property type
    Drive through restaurants
    APN
    03-6010-0003-00-9
    APU
    360100003009

    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
    Benton Harbor
    County
    Berrien
    State
    Michigan
    Longitude
    -86.4177
    Latitude
    42.0826
    CBSA code
    35660
    CBSA name
    NILES-BENTON HARBOR, 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
    2023
    $23,091
    $0.00
    $0.00
    $567,100
    -
    $0.00
    $0.00
    $1,134,200

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      1832 M 139

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,600 SF
      1832 M 139, Benton Harbor, MI 49022-6104
      View Details
    • Value Estimation by Request
      2,059 SF

      1905 M 139

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,059 SF
      1905 M 139, Benton Harbor, MI 49022-6105
      View Details
    • Value Estimation by Request
      3,938 SF

      2035 M 139

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,938 SF
      2035 M 139, Benton Harbor, MI 49022-6107
      View Details
    • Value Estimation by Request
      9,226 SF

      2680 M 139

      DRIVE-THRU RESTAURANT, FAST FOOD • 9,226 SF
      2680 M 139, Benton Harbor, MI 49022-6418
      View Details
    • Value Estimation by Request
      1,698 SF

      1963 M 139

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,698 SF
      1963 M 139, Benton Harbor, MI 49022-6105
      View Details
    • Value Estimation by Request
      3,952 SF

      1872 M 139

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,952 SF
      1872 M 139, Benton Harbor, MI 49022-6104
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,500 SF

      Vacant Restaurant in Benton Harbor

      Freestanding 8,500 SF vacant restaurant on 1.93 acres.
      1830 Pipestone Rd, Benton Harbor, MI 49022
      View Details
    • $80,000
      1,404 SF

      Versatile Commercial Property in Benton Harbor

      Commercial property with full kitchen, flexible space, and extra lot.
      952 Pipestone St, Benton Harbor, MI 49022
      View Details
    • $500,000
      1.55 Acres

      Commercial Acreage Near I-94 Exit

      1.5 commercial acres, ideal for business or restaurant near I-94.
      2508 Pipestone Rd, Benton Harbor, MI 49022
      View Details
    • $139,900
      3,770 SF

      Commercial Building at Busy Intersection

      Commercial building at a busy intersection, perfect for business venture.
      925 Pipestone St, Benton Harbor, MI 49022
      View Details
    • $425,000
      10,390 SF

      Napier Avenue Showroom and Storage

      10,390 SF showroom, office, and storage on 1.6 acres.
      1126 E Napier Ave, Benton Harbor, MI 49022
      View Details
    • $1,500,000
      7,973 SF

      Advance Auto Parts For Sale

      NNN leased investment opportunity with over 7 years remaining.
      1740 M 139, Benton Harbor, MI 49022
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      176,183 SF

      Pipestone Plaza: Retail & Office Space

      Benton Harbor, MI: Prime Retail/Office Opportunity
      1944 Pipestone Rd, Benton Harbor, MI 49022
      View Details
    • $9 SF/Yr
      Pending

      Commercial Space with Hoist Included

      Four-unit commercial building with high traffic and foot traffic.
      2004 M 139, Benton Harbor, MI 49022
      View Details
    • $6 SF/Yr
      18,000 SF

      Retail Space on M-139 Corridor

      Retail space with high traffic count and ample parking.
      756 E Napier Ave, Benton Harbor, MI 49022
      View Details
    • $4 SF/Yr
      10,750 SF

      Versatile Building in Benton Harbor

      10,000 SF building suitable for warehouse, retail, or service.
      315-323 E Main St, Benton Harbor, MI 49022
      View Details
    • $4 SF/Yr
      34,402 SF

      34,000 SF Retail Opportunity

      34,000 SF retail space on M-139 in Benton Harbor.
      2305 M 139, Benton Harbor, MI 49022
      View Details
    • Contact for pricing
      2,200 SF

      Benton Harbor Retail Space Available

      176,183 SF shopping center with national brand co-tenancy.
      1940-1980 Pipestone Rd, Benton Harbor, MI 49022
      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.
    1945 Pipestone Rd
    Benton Harbor, MI 49022-2314
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.