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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
207 Hawthorne Ave, Saint Joseph, MI 49085-2670
Entity Owned
13-yr Hold
Free & Clear
Property ID
US43-3498959
Property summary
AI-generated overview
This exceptional multi-tenant industrial property, located at 207 Hawthorne Ave, St. Joseph, MI 49085, presents a compelling investment opportunity. The property boasts a total of 20,748 square feet situated on a 27,878 square foot lot in Berrien County. Built in 1985, this two-story building features one unit with a versatile layout ideal for distribution, manufacturing, or warehouse operations. The space includes approximately 6,000 square feet of office space and 12,000 square feet of warehouse space, offering a significant amount of functional area. Key features include 18-foot ceilings, providing ample vertical space, and one loading dock for efficient material handling. The property also offers 28 parking spaces for employees and visitors. The building is equipped with three-phase power and four bathrooms for added convenience. Potential buyers should note that a 24-hour notice is required for property access. This property's prime location and functional design make it an attractive investment for a variety of businesses. The asking price is $985,000.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
17,640 SF
Lot
2.03 ac (88,427 SF)
Zoning code
I-1
APN
76-0550-0018-00-3
UPID
US43-3498959
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
$517k
Blend (final)
Blend
$515k
Owner & transaction history
Pqzi Hawthorne LLC · 13 yrs held
Pqzi Hawthorne LLC
since 2012
1 recorded transaction
Zoning & alternative use
I-1 · Saint Joseph, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Saint Joseph submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Joseph 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
by Request
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
$715,000
Current use
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,660
Tax year 2023
Assessed value
$216,600
Assessed 2024
Previous assessed
$198,000
+9.4% YoY
Effective rate
4.92%
On assessed value
Total market value
$433,200
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Stories
1
Total area
17,640 SF
Lot
2.03 ac (88,427 SF)
Zoning code
I-1
APN
76-0550-0018-00-3
UPID
US43-3498959
Jurisdiction
BERRIEN
Zoning & alternative use
I-1 · Saint Joseph, MI
Zoning I-1 · permitted uses
I-1 · Saint Joseph, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Joseph. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$715,000
WAREHOUSE, STORAGE Current
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
1968
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Pqzi Hawthorne LLC
Entity
Free & Clear · 13 yrs held
Mailing address
207 HAWTHORNE AVE, SAINT JOSEPH, MI 49085-2670
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2012
—
Pqzi Hawthorne LLC
Robert Poziwilko
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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