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Property profile & analytics
OFF-MARKET Estimated value $645,000
Warehouses

241 Randall St Coopersville, MI 49404-1430

10,910 SF 1.02 ac lot
Entity Owned 11-yr Hold Free & Clear
Property ID
US43-2780831
Property summary
AI-generated overview

This 10,910-square-foot industrial distribution building in Coopersville, Michigan, is available for sale or lease. Situated on a 1.02-acre lot, the property boasts 8,514 square feet of industrial space and 2,396 square feet of office space. The building features four drive-in doors, one measuring 24' x 12', and three restrooms. Ceiling heights range from 10 to 18 feet. The property includes a fenced-in yard and benefits from 200 amps of single-phase power. Conveniently located with easy access to I-96, this versatile space is ideal for various uses, including contractors, landscapers, and materials companies. The building is currently 100% occupied under a NNN lease. The 2022 State Equalized Value was $116,400, with a taxable value of $103,151 and real estate taxes totaling $6,086.41 ($0.55/sf). The taxing authority is the City of Coopersville. The asking price is $745,000. This is a single-tenant property with a net rentable area of 10,910 square feet. Air rights also total 10,910 square feet. No loading docks or dock-high doors are present. Zoning information is not available.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Total area 10,910 SF
Lot 1.02 ac (44,518 SF)
Zoning code R-3
APN 70-05-23-454-034
UPID US43-2780831
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
$646k
Blend (final) Blend
$645k
Owner & transaction history
Mj Randall Building LLC · 11 yrs held
Mj Randall Building LLC
since 2015
2 recorded transactions
2015
Price N/A
2006
Price N/A
Zoning & alternative use
R-3 · Coopersville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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