Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    331 Graham Rd Imlay City, MI 48444-9738
    Back to Search
    Property profile & analytics

    331 Graham Rd Imlay City, MI 48444-9738

    View on Map
    • Flex space
    • 77,870 SF
    Off-Market
    Property ID
    US43-4326412
    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

    • Flex space

    Property Details for 331 Graham Rd

    Year built
    2010
    Property size
    77,870 SF
    Zone code
    AG
    Property type
    Flex space
    APN
    011-980-016-00
    APU
    1198001600

    Description

    This exceptional 186,000-square-foot warehouse, situated on a sprawling 73-acre fenced lot in Imlay City, Michigan, presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2010, the property boasts a single-story building with a generous 174,106 square feet of shop space and an additional 11,894 square feet of office space. The expansive lot offers ample room for future expansion and includes over 10 acres dedicated to parking, accommodating 300+ vehicles, plus substantial outside storage and trailer parking. The warehouse features impressive ceiling heights ranging from 19 to 28 feet, providing significant vertical clearance. Loading and unloading are facilitated by 52 loading docks, two dock-high doors, and two truckwells. Further enhancing its functionality are three state-of-the-art paint booths, three cranes, and 26 grade-level doors. The property benefits from T-5 lighting, a 100% sprinkler system, and access to City of Detroit water. The property's zoning is industrial, and its APN is 011-024-016-00. This well-maintained and strategically located warehouse is priced at $6,900,000, representing a compelling price per square foot of $37.10. The property is located at 331 Graham Rd, Imlay City, MI 48444.

    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
    Imlay City
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.0053
    Latitude
    43.0137
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, 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
    $46,905
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      83,270 SF

      331 Graham Rd

      LIGHT INDUSTRIAL • 83,270 SF
      331 Graham Rd, Imlay City, MI 48444-9738
      View Details
    • Value Estimation by Request
      20,880 SF

      205 Graham Rd

      LIGHT INDUSTRIAL • 20,880 SF
      205 Graham Rd, Imlay City, MI 48444-9738
      View Details
    • Value Estimation by Request

      2045 Almont Ave

      INDUSTRIAL (GENERAL)
      2045 Almont Ave, Imlay City, MI 48444-9732
      View Details
    • Value Estimation by Request
      326,044 SF

      415 Blacks Cors Rd

      INDUSTRIAL (GENERAL) • 326,044 SF
      415 Blacks Cors Rd, Imlay City, MI 48444-9761
      View Details
    • Value Estimation by Request
      13,970 SF

      5858 Belle Riv Rd

      MINI-WAREHOUSE, STORAGE • 13,970 SF
      5858 Belle Riv Rd, Imlay City, MI 48444-9706
      View Details
    • Value Estimation by Request
      104,973 SF

      2083 Reek Rd

      INDUSTRIAL (GENERAL) • 104,973 SF
      2083 Reek Rd, Imlay City, MI 48444-9203
      View Details

    Similar Nearby for Sale

    • $629,000
      9,352 SF

      Imlay City Industrial/Flex Building

      9,352 SF industrial/flex building on 1.55 acres.
      2061 S Almont Ave, Imlay City, MI 48444
      View Details
    • $449,000
      3,784 SF

      Imlay City Office/Retail Building

      Renovated building with high capacity utilities and prime Main Street exposure.
      112 E 3Rd St, Imlay City, MI 48444
      View Details
    • $899,900
      2,326 SF

      Organic Farm with Renovated Farmhouse

      51-acre organic farm with equestrian facilities and renovated farmhouse.
      8839 Petz Rd, Imlay City, MI 48444
      View Details
    • $495,000

      Imlay City Commercial Land Opportunity

      4.48 acres of commercial/industrial land near downtown Imlay City.
      150 North Cedar St E, Imlay City, MI 48444
      View Details
    • Contact for pricing

      Imlay City Industrial Land Available

      Industrial land for sale, heavy industrial zoning, close to water.
      Imlay, Imlay City, MI 48444
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    331 Graham Rd
    Imlay City, MI 48444-9738
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    331 Graham Rd, Imlay City, MI, 48444
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!