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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Warehouses
19915 Capital Ave Ne Ste 200, Battle Creek, MI 49017-8124
Individually Owned
5-yr Hold
Free & Clear
Property ID
US43-2088425
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Total area
42,000 SF
Lot
6.9 ac (300,608 SF)
Zoning code
GC
APN
18-029-900-60
UPID
US43-2088425
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.23M
Owner & transaction history
Ernest M Landusky · 5 yrs held
Ernest M Landusky
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
GC · Battle Creek, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+52.1%
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 Battle Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Battle Creek 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
$1,380,000
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
$910,000
Current use
INDUSTRIAL (GENERAL)
$1,380,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.25M (Nov 4 2020)
Last sale anchor
$1.25M
Nov 4 2020
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
$29 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$24,578
Tax year 2022
Assessed value
$530,300
Assessed 2024
Previous assessed
$514,300
+3.1% YoY
Effective rate
4.63%
On assessed value
Total market value
$1,060,600
Applied tax rate
13,120.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Stories
1
Total area
42,000 SF
Lot
6.9 ac (300,608 SF)
Zoning code
GC
APN
18-029-900-60
UPID
US43-2088425
Jurisdiction
CALHOUN
Zoning & alternative use
GC · Battle Creek, MI
Zoning GC · permitted uses
GC · Battle Creek, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Battle Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$910,000
INDUSTRIAL (GENERAL)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
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
2002
Heating
FORCED AIR
Stories
1
Lot
6.9 ac
Current owner
From public records · entity-resolved
Ernest M Landusky
Individual
Free & Clear · 5 yrs held
Mailing address
19915 CAPITAL AVE NE STE #200, BATTLE CREEK, MI 49017-8124
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
—
Pennfield Self Storage LLC
—
Deed
related
$465,000 · Kellogg Community Cu
May 15, 2025
—
Pennfield Self Storage LLC
—
Deed
related
$465,000 · Kellogg Community Cu
Nov 4, 2020
$1,250,000
Ernest M Landusky
Pennfield Self Storage LLC
Warranty Deed
—
Nov 3, 2020
—
Ernest M Lahusky
Pennfield Self Stotage LLC
Warranty Deed
—
Jun 8, 2009
$223,480
Consumers Energy Company
Pennfield Self Storage LLC
Warranty Deed
—
May 12, 2009
—
Pennfield Self Storage LLC
Julie Mccluskey
Quit Claim Deed
related
—
Apr 1, 2009
—
Pennfield Self Storage LLC
The Charter Township Of Pennfield
Quit Claim Deed
related
—
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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