Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3385 Miles Rd Jackson, MI 49201

    • Theaters & concert halls
    • 10,830 SF
    • 3.66 lot acres
    For Sale
    View listing
    $199,900
    Last Sale
    Jan 25, 2022
    $30,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0825175
    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

    • Unity Church / Unity Church

    Property Details for 3385 Miles Rd

    Year built
    2008
    Lot size
    3.66 lot acres
    Property size
    10,830 SF
    Zone code
    R-1
    Property type
    Theaters & concert halls
    APN
    000-14-19-326-003-03
    APU
    141932600303

    Description

    This exceptional 10,830 square foot industrial property presents a unique investment opportunity. Situated on a generous 3.66-acre lot in Napoleon Township, just minutes from Jackson, MI, this building offers significant potential for adaptive reuse. Originally constructed in 1962 and 1963, the structure boasts a distinctive mid-century modern architectural design. Its previous use as a church (1963-2023) provides a rich history and a solid foundation for various commercial ventures. The property's ample acreage provides ample space for expansion, parking, or outdoor operations. Its convenient location near Ackerson Lake offers a desirable setting for businesses seeking a blend of accessibility and tranquility. The building's substantial size and unique character make it an attractive prospect for entrepreneurs and investors seeking a distinctive property with significant redevelopment potential. The asking price is $349,900. This is a rare opportunity to acquire a substantial property with a compelling history and significant upside. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.3561
    Latitude
    42.1935
    CBSA code
    27100
    CBSA name
    JACKSON, 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
    2022
    $24
    $0.00
    $0.00
    $445,100
    -
    $0.00
    $0.00
    $890,200

    Comparable in this City

    • Value Estimation by Request
      15,080 SF

      4300 Lansing Ave

      AUDITORIUM • 15,080 SF
      4300 Lansing Ave, Jackson, MI 49201-8258
      View Details
    • Value Estimation by Request
      9,905 SF

      3600 County Farm Rd

      ARENA, CONVENTION CENTER • 9,905 SF
      3600 County Farm Rd, Jackson, MI 49201-4103
      View Details
    • Value Estimation by Request
      6,589 SF

      4401 Van Horn Rd

      AUDITORIUM • 6,589 SF
      4401 Van Horn Rd, Jackson, MI 49201-9403
      View Details
    • Value Estimation by Request
      5,954 SF

      7275 Wheaton Rd

      ARENA, CONVENTION CENTER • 5,954 SF
      7275 Wheaton Rd, Jackson, MI 49201-7209
      View Details
    • Value Estimation by Request
      4,116 SF

      5225 Clinton Rd

      AUDITORIUM • 4,116 SF
      5225 Clinton Rd, Jackson, MI 49201-8288
      View Details
    • Value Estimation
      $220,000
      15,000 SF

      416 Michigan Ave

      THEATER (MOVIE) • 15,000 SF
      416 Michigan Ave, Jackson, MI 49201-2123
      View Details

    Similar Nearby for Sale

    • $1,500,000
      172.98 Acres

      200 Acres Ideal for Recreation

      172.98 acres bordering I-94, suitable for recreational or industrial use.
      Jackson, MI 49201
      View Details
    • $1,600,000
      7,204 SF

      Profitable Golf Course with Residence

      Well-maintained golf course with potential, includes residence and 130+ acres.
      5751 Brooklyn Rd, Jackson, MI 49201
      View Details
    • $550,000
      1.77 Acres

      Jackson Commercial Land: Prime Retail Site

      1.77 Acres, B-5 Zoning, I-94 Access
      0 42.276260 -84.314172, Blackman, MI 49201
      View Details
    • $79,000
      2.16 Acres

      Picturesque Lakefront Lot in Jackson

      2.16 acre wooded lot with 125 feet of lake frontage.
      7040 Sanctuary Dr, Jackson, MI 49201
      View Details
    • $65,900
      1.33 Acres

      Residential Land in Jackson, MI

      1.33 acre lot with utilities in Windemere subdivision.
      4600 Nantucket Dr, Jackson, MI 49201
      View Details
    • Contact for pricing
      0.72 Acres

      Residential Land in Jackson, MI

      Residential land with easy access to I-94 and utilities.
      Twin Mdws Dr, Jackson, MI 49201
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      230,432 SF

      Downtown Jackson Office Space Available

      Well-maintained office building in downtown Jackson with suites available.
      209 E Washington Ave Unit, Jackson, MI 49201
      View Details
    • $11 SF/Yr
      3,166 SF

      Downtown Jackson Commercial Space Available

      3,166 sq ft commercial space in downtown Jackson for lease.
      132 W Cortland St, Jackson, MI 49201
      View Details
    • $9 SF/Yr
      400,000 SF

      Office Space in Jackson, MI

      Available office space for lease in Jackson, Michigan.
      209 E Washington Ave, Jackson, MI 49201
      View Details
    • $600 /Mo
      106 SF

      Remodeled Office Micro Suite Rental

      Recently remodeled micro suite rental with utilities included and flexible terms.
      1010 Burr St, Jackson, MI 49201
      View Details
    • $14 SF/Yr
      400,000 SF

      Jackson Office Space For Lease

      400000 square foot office building in Jackson, Michigan.
      209 E Washington Ave, Jackson, MI 49201
      View Details
    • $3 SF/Yr
      8,712 SF

      Office Space in Jackson, MI

      Office space available for lease in Jackson, Michigan.
      206 W Louis Glick Hwy, Jackson, MI 49201
      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.
    3385 Miles Rd
    Jackson, MI 49201
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.