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    Property profile & analytics

    201 Caspian Ave Caspian, MI 49915-5116

    • Manufacturing properties
    • 24,400 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    $640,000
    Location Intelligence
    Property ID
    US43-3101295
    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

    • Manufacturing properties

    Property Details for 201 Caspian Ave

    Lot size
    0.76 lot acres
    Property size
    24,400 SF
    Property type
    Manufacturing properties
    APN
    051-162-021-00
    APU
    5116202100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $795,000
      6.5%
      $830,000
      7%
      $820,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $715,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $800,000
      Retail
      $810,000
      Mixed-Use
      $730,000
      Hospitality
      $655,000
      Educational
      $795,000
      Residential Income
      $630,000
      Energy
      $840,000
      Income-Based Land
      $870,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Caspian
    County
    Iron
    State
    Michigan
    Longitude
    -88.6303
    Latitude
    46.0648

    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
    0
    $0.00
    $11,000
    $766,730
    $777,730
    -
    $22,000
    $1,533,460
    $1,555,460

    Comparable in this City

    • Value Estimation by Request
      42,047 SF

      85 Brady Ave

      MANUFACTURING (LIGHT) • 42,047 SF
      85 Brady Ave, Caspian, MI 49915-5115
      View Details
    • Value Estimation by Request
      4,040 SF

      501 Railroad

      MANUFACTURING (LIGHT) • 4,040 SF
      501 Railroad, Caspian, MI 49915-5154
      View Details
    • Value Estimation by Request
      1,440 SF

      407 Railroad

      WAREHOUSE, STORAGE • 1,440 SF
      407 Railroad, Caspian, MI 49915
      View Details
    • Value Estimation by Request
      2,560 SF

      1st St

      WAREHOUSE, STORAGE • 2,560 SF
      1st St, Caspian, MI 49915
      View Details
    • Value Estimation by Request
      10,206 SF

      337 Brady

      Industrial properties • 10,206 SF
      337 Brady, Caspian, MI 49915
      View Details
    • Value Estimation by Request
      36,968 SF

      340 Morgan St

      WAREHOUSE, STORAGE • 36,968 SF
      340 Morgan St, Caspian, MI 49915
      View Details

    Similar Nearby for Sale

    • $279,900
      12,800 SF

      Caspian Industrial Property - Huge Potential

      Meat Processing Plant, Huge Lot, Multi-Use
      100 Caspian Ave, Caspian, MI 49915
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    • $249,000
      12,800 SF

      Caspian Commercial/Industrial Opportunity

      Commercial property with retail, living quarters, and large garage.
      100 W Caspian Ave, Caspian, MI 49915
      View Details
    • Contact for pricing
      0.24 Acres

      Residential Land in Caspian, MI

      Three city lots near trails and downtown Caspian.
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    • $114,500
      2,498 SF

      Caspian Bar & Apartment Building

      Established Bar, 2-Bedroom Apartment
      224 Caspian Ave, Caspian, MI 49915
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    • $51,000
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      Land with Iron River Frontage

      2.38 acre parcel with 250 ft of river frontage.
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    • $109,500
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      Established Bar with Income Apartment

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    Caspian, MI 49915-5116
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    Realmo Value Estimation

    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.

    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.

    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
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