Technical
Financial
Distress signals
Property profile

206 E Park Dr Kalkaska, MI 49646

FOR SALE
Other industrial properties
Property ID
US43-2959876
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This industrial cannabis cultivation and processing facility is housed in a building with approximately 5,836 SF of flowering canopy, 1,472 SF of vegetative canopy, and 676 SF of mother canopy, and includes three flowering rooms equipped with Thrive Apex 300-watt LED lighting, two flowering rooms equipped with Hydrofarm 1000-watt double-ended HPS lighting, and one flowering room equipped with Fluence Viper 630-watt LED lighting. The facility is supported by automated irrigation and dosing systems and uses a combination of Pipp racking and rolling flood tables. Drying and curing operations are supported by dehumidification and humidification in designated dry rooms, and overall environmental control is provided by a Trane Synchrony system. Processing/extraction equipment is included, along with a C1D1 room and a commercial kitchen, and the property is associated with two Class C cultivation licenses and a processing license. The facility also includes rights related to producing and selling cannabis-infused confections under the “Ryba’s Roots” brand.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
APN 041-200-013-00
UPID US43-2959876

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Oilfield

Location

206 E Park Dr Kalkaska, MI 49646
Kalkaska metro Census 950300 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2021
Last sale
$175,000
4 recorded transactions
2022
Price N/A
2021
$175,000
2020
Price N/A
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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