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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2232 Wiggins Rd Fenton, MI 48430-9760

    • Industrial properties
    • 36,057 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4415259
    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

    • American Machining, Inc. / Machining Manufacturer / Steel Fabricator

    Property Details for 2232 Wiggins Rd

    Year built
    1965
    Lot size
    0.98 lot acres
    Property size
    36,057 SF
    Zone code
    M-2
    Property type
    Industrial properties
    APN
    06-02-400-026
    APU
    602400026

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,197,000
      Market price range: $623k - $2.35M
      AI Estimate
      $1,197,000
      Market price range: $623k - $2.35M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,410,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fenton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7175
    Latitude
    42.8596
    CBSA code
    22420
    CBSA name
    FLINT, MI METROPOLITAN STATISTICAL AREA

    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
    2023
    $22,700
    $0.00
    $0.00
    $537,300
    -
    $0.00
    $0.00
    $1,074,600

    Comparable in this City

    • Value Estimation
      $5,825,000
      89,453 SF

      15083 Nn Rd

      INDUSTRIAL (GENERAL) • 89,453 SF
      15083 Nn Rd, Fenton, MI 48430-1384
      View Details
    • Value Estimation
      $3,855,000
      78,232 SF

      300 Alloy Dr

      INDUSTRIAL (GENERAL) • 78,232 SF
      300 Alloy Dr, Fenton, MI 48430-2648
      View Details
    • Value Estimation by Request
      6,690 SF

      250 Fenway Dr

      INDUSTRIAL (GENERAL) • 6,690 SF
      250 Fenway Dr, Fenton, MI 48430-2669
      View Details
    • Value Estimation
      $6,625,000
      112,330 SF

      555 Fenway Dr

      INDUSTRIAL (GENERAL) • 112,330 SF
      555 Fenway Dr, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      240 SF

      Mabley Hl Rd

      INDUSTRIAL (GENERAL) • 240 SF
      Mabley Hl Rd, Fenton, MI 48430
      View Details
    • Value Estimation
      $1,355,000
      19,220 SF

      9227 Parshallville Rd

      INDUSTRIAL (GENERAL) • 19,220 SF
      9227 Parshallville Rd, Fenton, MI 48430-9328
      View Details

    Similar Nearby for Sale

    • $9,000,000
      103,896 SF

      Fenton, MI Industrial Distribution Center

      103,896 SF Warehouse, $9M NNN Lease
      220 Alloy Rd, Fenton, MI 48430
      View Details
    • $3,495,000
      30.00 Acres

      6317 Old Us 23, Fenton, MI 48430

      Industrial properties • 30.00 Acres
      6317 Old Us 23, Fenton, MI 48430
      View Details
    • $749,900
      1,376 SF

      Fenton Industrial Gateway Opportunity

      Prime Fenton location, mixed-use potential.
      406 Silver Lake Rd, Fenton, MI 48430
      View Details
    • Contact for pricing
      74.50 Acres

      Fenton Industrial Land Opportunity

      74.5 Acres, I-1 Zoning, Build-to-Suit
      0 Swc Us23 & Clyde Rd, Fenton, MI 48430
      View Details
    • $2,795,000
      28,750 SF

      Industrial Property with Expansion Potential

      Turn-key industrial facility with expansion potential, near I-75.
      12238 N Fenton Rd, Fenton, MI 48430
      View Details
    • $1,500,000

      Retail Center in Fenton Area

      19,000 SF retail center in a high-traffic area.
      1149 N Leroy St, Fenton, MI 48430
      View Details

    Similar Nearby for Lease

    • $12,500 /Mo

      Fenton Office and Warehouse Space

      Office and warehouse space available for lease in Fenton.
      256 N Fenway Dr, Fenton, MI 48430
      View Details
    • Contact for pricing
      50,000 SF

      Fenton Industrial Building on 3.5 Acres

      50,000 SF industrial building in rapidly growing Fenton market.
      255 N Alloy Dr, Fenton, MI 48430
      View Details
    • $7 SF/Yr
      28,750 SF

      Clean Industrial Facility Near I-75

      Turn-key industrial facility with expansion potential, near I-75.
      12238 N Fenton Rd, Fenton, MI 48430
      View Details
    • $3,660 /Mo

      Warehouse Space on Thompson Road

      Fenced warehouse/shop space with 220V electric, convenient location.
      3031 W Thompson Rd, Fenton, MI 48430
      View Details
    • $1,750 /Mo

      Fenton Warehousing/Flex Space Available

      2400 SF warehousing/flex space available for lease now.
      511 Beach St, Fenton, MI 48430
      View Details
    • $2,200 /Mo

      Retail Space in Fenton

      Retail space with large window and storage in Fenton.
      1459 N Leroy St, Fenton, MI 48430
      View Details
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    2232 Wiggins Rd
    Fenton, MI 48430-9760
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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