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    3000 Bangor Rd Bay City, MI 48706

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    Property profile & analytics

    3000 Bangor Rd Bay City, MI 48706

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    • Commercial real estate
    • 113.42 lot acres
    Off-Market
    Property ID
    US43-0871275
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3000 Bangor Rd

    Lot size
    113.42 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 113.42-acre property presents a unique investment opportunity in Bay City, Michigan. Located at 3000 Bangor Rd, zip code 48706, this expansive land parcel offers significant potential for diverse commercial and residential development. The property comprises four contiguous parcels, totaling the impressive acreage. The individual parcel sizes are as follows: 91.8 acres at 3000 Bangor Rd (parcel number 010-004-100-010-00)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.886256
    Latitude
    43.649396

    Comparable in this City

    • $49,900
      Pending

      Bay City Mixed-Use Opportunity

      Two-story, four-bedroom property with C2 zoning in Bay City.
      704 Salzburg Ave, Bay City, MI 48706
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    • $364,000
      15,000 SF

      Mixed-Use Investment in Bay City

      Historic 15,000 SF mixed-use building with redevelopment potential.
      301 E Midland St, Bay City, MI 48706
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    • $105,000
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      Multifamily Portfolio Opportunity

      Multifamily unit offered as part of a larger portfolio.
      505 S Dean St, Bay City, MI 48706
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    • $164,900

      Certified Rental Duplex Opportunity

      Well-located duplex with income potential near Carol Park.
      1813 3Rd St, Bay City, MI 48706
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    • $364,000

      Mixed-Use Building in Midland District

      Historic mixed-use building with retail and residential redevelopment potential.
      301 E Midland St, Bay City, MI 48706
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    • $49,900
      Pending

      Bay City Mixed-Use Opportunity

      Fixer-upper with business potential on a busy Bay City corridor.
      704 Salzburg Ave, Bay City, MI 48706
      View Details

    Similar Nearby for Sale

    • $49,900
      Pending

      Bay City Mixed-Use Opportunity

      Two-story, four-bedroom property with C2 zoning in Bay City.
      704 Salzburg Ave, Bay City, MI 48706
      View Details
    • $49,900
      Pending

      Bay City Mixed-Use Opportunity

      Fixer-upper with business potential on a busy Bay City corridor.
      704 Salzburg Ave, Bay City, MI 48706
      View Details
    • $89,000
      Pending

      Multifamily Portfolio Opportunity

      Multifamily unit offered as part of a larger portfolio.
      1303 S Euclid Ave, Bay City, MI 48706
      View Details
    • $149,900
      2,681 SF

      Multi-Unit Property with Commercial Space

      Three-unit property featuring a commercial space and residential units.
      206 Marquette St, Bay City, MI 48706
      View Details
    • $364,000
      15,000 SF

      Mixed-Use Investment in Bay City

      Historic 15,000 SF mixed-use building with redevelopment potential.
      301 E Midland St, Bay City, MI 48706
      View Details
    • $105,000
      Pending

      Multifamily Portfolio Opportunity

      Multifamily unit offered as part of a larger portfolio.
      505 S Dean St, Bay City, MI 48706
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Saginaw River Waterfront Land Parcel

      5.66 acres on Saginaw River with 470' frontage.
      1251 Evergreen Dr, Bay City, MI 48706
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    • $12 SF/Yr

      Bay Professional Building

      Single or Multi-Room Suites Available in Bay City
      200 Wenona St, Bay City, MI 48706
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    • Contact for pricing

      Retail Spaces Near Bay City

      Retail suites available in high-traffic commercial area near mall.
      4100 Wilder Rd, Bay City, MI 48706
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    • Contact for pricing

      Bay City Retail Space Available

      Retail space for lease in established Bay City business district.
      411 S Henry St, Bay City, MI 48706
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    • Contact for pricing
      11,442 SF

      Retail Space in Bay City

      Retail space available in high-traffic Bay City location.
      4140-4142 Wilder Rd, Bay City, MI 48706
      View Details
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    3000 Bangor Rd
    Bay City, MI 48706
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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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