Entity Owned 
For Sale
1 / 12
$520,000
205 S Us Highway 131, Three Rivers, MI 49093
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Property summary
AI-generated overview
This 77,726-square-foot warehouse in Three Rivers, Michigan, was built in 1962 and has features including updated lighting and interior paint, two dock doors, two overhead doors, 16-foot ceiling heights, heavy electrical power, and three cranes. The building includes office space that can be configured and may be separated from the warehouse area, and it fronts US-131. The warehouse is configured to support industrial/logistics use with high-clearance interior space and loading capacity, and the property is physically attached to the adjacent 111 Day Road facility, allowing for use as a combined facility totaling more than 148,000 square feet.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
77,726 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I-1
APN
051-399-066-02
UPID
US43-2400315
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$520k
Owner & transaction history
since 2023
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
I-1 · Three Rivers, MI
Zoning description
It is intended to provide for the establishment of wholesale and retail trade of large volume, bulk commercial storage and ware housing, and light industrial development.
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$520k
Value range
$468k – $572k
±10% around blend
Estimated value / SF
$7 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$468k
blend $520k
$572k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
77,726 SF
Lot area
3.6 ac
Stories
1
APN
051-399-066-02
Zoning
I-1
Assessed value
$300,300
Annual tax
$16,558
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$16,558
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$810k
Range $810k – $3.29M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$520k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.34M
Move the market yield to see immediate price impact.
Value / SF
$185
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$904k
$18.07M
$12.91M
$10.04M
$1.00M
$20.08M
$14.34M
$11.16M
$1.10M
$22.09M
$15.78M
$12.27M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,558
Tax year 2023
Assessed value
$300,300
Assessed 2024
Previous assessed
$260,100
+15.5% YoY
Effective rate
5.51%
On assessed value
Assessed land
$19,400
Assessed improvement
$280,900
Land market value
$38,800
Improvement market value
$561,800
Total market value
$600,600
Applied tax rate
51.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Heating
FORCED AIR
Stories
1
Total area
77,726 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I-1
APN
051-399-066-02
UPID
US43-2400315
Jurisdiction
ST JOSEPH
Zoning & alternative use
I-1 · Three Rivers, MIZoning I-1 · permitted uses
I-1 · Three Rivers, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
It is intended to provide for the establishment of wholesale and retail trade of large volume, bulk commercial storage and ware housing, and light industrial development.
General category
INDUSTRIAL
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
3.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I-1
INDUSTRIAL
Jurisdiction
Three Rivers, MI
Recorded code
I-1
Official district
I-1
Official district profile
What the municipal code says about I-1
Zoning description
It is intended to provide for the establishment of wholesale and retail trade of large volume, bulk commercial storage and ware housing, and light industrial development.
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Three Rivers, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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