Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3765 41st Rd Cadillac, MI 49601-9012
    Back to Search
    Property profile & analytics

    3765 41st Rd Cadillac, MI 49601-9012

    View on Map
    • Industrial land
    • 3.50 lot acres
    Off-Market
    Property ID
    US43-3136351
    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

    • Industrial land

    Property Details for 3765 41st Rd

    Lot size
    3.50 lot acres
    Property type
    Industrial land
    APN
    2209-21-3202-02
    APU
    220921320202

    Description

    This expansive industrial property, encompassing nearly six acres, presents a significant opportunity in Cadillac, MI. The main structure boasts 11,085 square feet of versatile space, ideally suited for a variety of industrial uses. A substantial 70' x 100' clear span area, featuring a generous 20' ceiling height, is accessed by two 16' x 14' overhead doors. This main area is complemented by two 20' lean-to additions. One addition provides valuable storage space, while the other houses a well-appointed office area with two offices, three bathrooms, a convenient break room, and a dedicated shipping/receiving area. The property benefits from robust 3-phase 480-volt power, ensuring operational efficiency. The extensive 5.9-acre lot offers significant potential for future expansion or ample yard storage. A large, paved parking lot at the front of the building provides convenient access and ample parking for employees and visitors. Strategically located in a light industrial zone, this property enjoys easy access to both 34 Rd and US 131, providing excellent connectivity and logistical advantages. Priced at $515,000, this property represents a compelling investment opportunity.

    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
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.4155
    Latitude
    44.2858
    CBSA code
    15620
    CBSA name
    CADILLAC, MI MICROPOLITAN 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
    $2,342
    $0.00
    $0.00
    $71,900
    -
    $0.00
    $0.00
    $143,800

    Comparable in this City

    • Value Estimation by Request
      2.25 Acres

      Cadillac, MI 49601

      INDUSTRIAL - VACANT LAND • 2.25 Acres
      Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      6.43 Acres

      Division St

      INDUSTRIAL - VACANT LAND • 6.43 Acres
      Division St, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      2.24 Acres

      321 Haynes St

      INDUSTRIAL - VACANT LAND • 2.24 Acres
      321 Haynes St, Cadillac, MI 49601-1805
      View Details
    • Value Estimation by Request
      19.29 Acres

      Whaley St

      INDUSTRIAL - VACANT LAND • 19.29 Acres
      Whaley St, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      8.05 Acres

      Whaley St

      INDUSTRIAL - VACANT LAND • 8.05 Acres
      Whaley St, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      3.58 Acres

      1101 Wright St

      INDUSTRIAL - VACANT LAND • 3.58 Acres
      1101 Wright St, Cadillac, MI 49601-8275
      View Details

    Similar Nearby for Sale

    • $15,630,000
      521.10 Acres

      521 Acres Industrial Land Cadillac

      Large industrial site in Cadillac, growth and expansion area.
      S Seeley Rd, Cadillac, MI 49601
      View Details
    • $360,000
      8.00 Acres

      Prime Development Property in Cadillac

      8-acre development property near downtown Cadillac with high commercial potential.
      7859 S Us-131, Cadillac, MI 49601
      View Details
    • $249,000
      1.12 Acres

      Prime Development Parcel in Cadillac

      One-acre commercial land with high visibility in Cadillac, Michigan.
      900 S Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing
      0.88 Acres

      Residential Lot in Quiet Subdivision

      Vacant land in a quiet subdivision, ready to build.
      24 Wedgewood Ct, Cadillac, MI 49601
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Golf Community

      Homesite in Lakewood On The Green development overlooking the fairway.
      28 White Pine Dr, Cadillac, MI 49601
      View Details
    • $450,000
      1.59 Acres

      Commercial Land in Cadillac Junction

      Commercial lots available in Cadillac Junction development, priced to sell.
      E Division M-55, Cadillac, MI 49601
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      6,000 SF

      Warehouse Space in Cadillac, MI

      6000 SF warehouse space available for lease.
      291 Hanthorn St, Cadillac, MI 49601
      View Details
    • $11 SF/Yr
      3,730 SF

      Retail Building in Cadillac, MI

      New retail building with easy access and highway commercial zoning.
      201 Teri-Dee Blvd, Cadillac, MI 49601
      View Details
    • $600 /Mo
      8,436 SF

      Cadillac Office Space For Lease

      Professional office building with individual spaces available for lease.
      2604 Sunnyside Dr, Cadillac, MI 49601
      View Details
    • $2,700 /Mo
      6,000 SF

      Cadillac Warehouse Space For Rent

      6000 SF warehouse space available for lease in Cadillac.
      291 Hanthorn St, Cadillac, MI 49601
      View Details
    • Contact for pricing

      Retail Space in Cadillac, MI

      Prime retail location near Cadillac Lakes and downtown Cadillac.
      602 N Mitchell St, Cadillac, MI 49601
      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.
    3765 41st Rd
    Cadillac, MI 49601-9012
    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
    3765 41st Rd, Cadillac, MI, 49601
    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!