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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    380 Truth Dr Battle Creek, MI 49037-2144

    • Commercial real estate
    • 103,658 SF
    • 15.63 lot acres
    OFF-MARKET
    Value Estimations
    $13,055,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2663101
    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

    • Parkway Learning Center / High School
    • Parkway Project / Child Welfare Organization / Charitable Organization
    • Parkway Manor Food Pantry / Food Bank / Charitable Organization

    Property Details for 380 Truth Dr

    Year built
    2005
    Lot size
    15.63 lot acres
    Property size
    103,658 SF
    Zone code
    MFR
    Property type
    Commercial real estate
    APN
    0135-49-341-0
    APU
    135493410

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,056,000
      Market price range: $3.45M - $27.7M
      AI Estimate
      $13,056,000
      Market price range: $3.45M - $27.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.2016
    Latitude
    42.3348
    CBSA code
    12980
    CBSA name
    BATTLE CREEK, 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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      1000 Hl Brady Rd

      COMMERCIAL (GENERAL)
      1000 Hl Brady Rd, Battle Creek, MI 49037
      View Details
    • Value Estimation by Request
      1.45 Acres

      131 Grv St

      COMMERCIAL (GENERAL) • 1.45 Acres
      131 Grv St, Battle Creek, MI 49037-8405
      View Details
    • Value Estimation by Request

      25 Redner Ave

      COMMERCIAL (GENERAL)
      25 Redner Ave, Battle Creek, MI 49037-2737
      View Details
    • Value Estimation by Request
      13.39 Acres

      4909 Wayne Rd

      COMMERCIAL (GENERAL) • 13.39 Acres
      4909 Wayne Rd, Battle Creek, MI 49037-7323
      View Details
    • Value Estimation by Request
      2,082 SF

      187 Upton Ave

      COMMERCIAL (GENERAL) • 2,082 SF
      187 Upton Ave, Battle Creek, MI 49037-8460
      View Details
    • Value Estimation by Request
      1,018 SF

      3056 Michigan W Ave

      COMMERCIAL (GENERAL) • 1,018 SF
      3056 Michigan W Ave, Battle Creek, MI 49037-1141
      View Details

    Similar Nearby for Sale

    • $52,000

      Corner Parcel in Battle Creek

      0.41-acre commercial land with frontage on W. Michigan Ave.
      1528 W Michigan Ave, Battle Creek, MI 49037
      View Details
    • $299,999

      Light Industrial Warehouse For Sale

      Freestanding, newly constructed warehouse suitable for cannabis or industrial use.
      24 Leonard Rd, Battle Creek, MI 49037
      View Details
    • $1,117,500

      Historic Church in Downtown Battle Creek

      44,720 SF church with diverse spaces and reuse potential.
      145 Capital Ave NE, Battle Creek, MI 49037
      View Details
    • $35,000
      1.68 Acres

      Battle Creek Vacant Land Parcel

      1.68 acre vacant land parcel with utilities connected.
      129 Fox Ave, Battle Creek, MI 49037
      View Details
    • Contact for pricing
      0.40 Acres

      Vacant Land in Battle Creek

      Vacant lot available for development in Battle Creek, MI.
      612 Hamblin Ave, Battle Creek, MI 49037
      View Details
    • Contact for pricing
      0.08 Acres

      Vacant Land in Battle Creek

      Vacant lot available for development in Battle Creek, Michigan.
      162 W Helen M Montgomery Ave, Battle Creek, MI 49037
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      4,000 SF

      Industrial Space Near I-94

      4000 SF industrial space with overhead doors near I-94.
      256 N 30Th St, Springfield, MI 49037
      View Details
    • New
      $10 SF/Yr
      2,779 SF

      Flex Space Near Battle Creek Airport

      Flex space with office, retail, and warehouse functionality available for rent.
      2535 5Th Ave, Springfield, MI 49037
      View Details
    • $1,500 /Mo
      1,537 SF

      Springfield Flex Space For Rent

      Flex space available for rent in Springfield, Michigan.
      4535 Wayne Rd Unit, Springfield, MI 49037
      View Details
    • Contact for pricing

      Calhoun County Commercial Land Parcel

      0.76-acre commercial lot, single tenant.
      0 Goodale Ave, Battle Creek, MI 49037
      View Details
    • $5 SF/Yr
      13,128 SF

      Battle Creek Industrial Warehouse For Rent

      One-story industrial warehouse with office space available for lease.
      103 Grove St, Battle Creek, MI 49037
      View Details
    • $4,500 /Mo
      12,936 SF

      Remodeled Warehouse with Loading Docks

      Recently remodeled warehouse with loading docks and overhead doors.
      700 N 20Th St N, Springfield, MI 49037
      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.
    380 Truth Dr
    Battle Creek, MI 49037-2144
    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.