Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3517 Scheele Dr Jackson, MI 49202-1217
    Back to Search
    Property profile & analytics

    3517 Scheele Dr, Jackson, MI 49202-1217

    View on Map
    • Distribution centers
    • 26,064 SF
    • 3.00 lot acres
    Off-Market
    Last Sale Mar 6, 2024
    $2,500,000
    Property ID
    US43-0807840
    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
    $2,500,000
    Show details
    Cap Rate Potential
    8.8%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • Jackson Area Manufacturers Association / Charitable Organization / Social Service Agency
    • Automated Logistics Systems / Logistics Company / Freight Service

    Property Details for 3517 Scheele Dr

    Year built
    1979
    Lot size
    3.00 lot acres
    Zone code
    I-1
    Property type
    Distribution centers
    APN
    000-08-29-129-006-00
    APU
    82912900600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 6, 2024 $2,500,000 Jackson Area Manufacturers Associat Lakeshore Family Partners Real Esat Warranty Deed —
    Oct 4, 2023 — Lakeshore Family Partners Re LLC Eleven Investments LLC Warranty Deed $1.4M · County National Bank
    Jul 6, 2010 $600,000 Eleven Investments LLC Jogalloup Co Warranty Deed $480k · Comerica Bank
    — — Eleven Investments LLC — Loan Modification · related $1.4M · Comerica Bank
    — — Eleven Investments LLC — Loan Modification · related $480k · No Lender On Document

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000
      ML approach
      $2,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,665,000
      6.5%
      $3,385,000
      7%
      $3,140,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,325,000
      RETAIL STORES
      $2,300,000
      MEDICAL BUILDING
      $2,205,000
      OFFICE BUILDING
      $1,835,000
      COMMERCIAL (GENERAL)
      $1,655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.4557
    Latitude
    42.2732
    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
    $17,434
    $0.00
    $0.00
    $341,300
    -
    $0.00
    $0.00
    $682,600

    Comparable in this City

    • Value Estimation by Request
      9,600 SF

      967 Airport Rd

      DISTRIBUTION WAREHOUSE
      967 Airport Rd, Jackson, MI 49202-1850
      View Details
    • Value Estimation
      $2,360,000
      78,000 SF

      2571 Saradan Dr

      DISTRIBUTION WAREHOUSE
      2571 Saradan Dr, Jackson, MI 49202-1211
      View Details
    • Value Estimation by Request
      6,000 SF

      2727 Saradan Dr

      DISTRIBUTION WAREHOUSE
      2727 Saradan Dr, Jackson, MI 49202-1215
      View Details
    • Value Estimation by Request
      5,760 SF

      3520 Scheele Dr

      DISTRIBUTION WAREHOUSE
      3520 Scheele Dr, Jackson, MI 49202-1218
      View Details
    • Value Estimation
      $505,000
      12,000 SF

      100 Rosehill Rd

      DISTRIBUTION WAREHOUSE
      100 Rosehill Rd, Jackson, MI 49202-1764
      View Details
    • Value Estimation by Request
      11,700 SF

      2596 Airport Rd

      DISTRIBUTION WAREHOUSE
      2596 Airport Rd, Jackson, MI 49202-1844
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Distribution Center with I-94 Visibility

      Distribution center with high visibility on 15 acres for sale.
      3537 Wayland Dr, Jackson, MI 49202
      View Details
    • $450,000
      9,696 SF

      Industrial Space with Heavy Power

      9,696 SF industrial space with heavy power and upgrades.
      301 Hillsdale St, Jackson, MI 49202
      View Details
    • $499,999
      9,329 SF

      Versatile Manufacturing Space For Sale

      9,329 SF manufacturing space on 0.58 acres for sale.
      1603 Wildwood Ave, Jackson, MI 49202
      View Details
    • $699,900
      11,118 SF

      Jackson Industrial Space - Huge Potential

      11,118 sq ft, 1.49 acres, prime location.
      2020 Bondsteel Dr, Jackson, MI 49202
      View Details
    • $1,750,000
      11,616 SF

      Jackson Industrial Property For Sale

      11,616 SF industrial property on 5.34 acres in Jackson.
      201 Brookley Ave, Jackson, MI 49202
      View Details
    • $450,000
      9,696 SF

      Jackson Industrial Property For Sale

      9,696 SF industrial property on 1.13 acres in Jackson.
      301 Hillsdale St, Jackson, MI 49202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Argyle Acres

      Retail space available in Jackson's Argyle Acres Mall.
      930 N West Ave, Jackson, MI 49202
      View Details
    • $5,500 /Mo
      8,416 SF

      Jackson Industrial Space For Lease

      8,416 SF industrial space available for lease in Jackson.
      201 Brookley Ave, Jackson, MI 49202
      View Details
    • $5,500 /Mo
      8,416 SF

      Jackson Commercial Property with I-94 Access

      5.341 acre property with easy I-94 access for lease.
      201 Brookley Ave, Jackson, MI 49202
      View Details
    • $18 SF/Yr
      6,095 SF

      Spacious Commercial Suite in Jackson

      6,095 sqft commercial suite in a prime Jackson location.
      850 W North St, Jackson, MI 49202
      View Details
    • $6 SF/Yr
      13,801 SF

      Affordable Office Space in Jackson

      Lower level office space with private offices and ample parking.
      437 Fern Ave, Jackson, MI 49202
      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.
    3517 Scheele Dr
    Jackson, MI 49202-1217
    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
    3517 Scheele Dr, Jackson, MI, 49202
    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!