Add Listing
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

    4000 Charlevoix Rd Petoskey, MI 49770-9815

    • Industrial properties
    • 71,808 SF
    • 3.98 lot acres
    OFF-MARKET
    Value Estimations
    $1,290,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3109347
    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

    • Industrial properties

    Property Details for 4000 Charlevoix Rd

    Year built
    1989
    Lot size
    3.98 lot acres
    Property size
    71,808 SF
    Zone code
    RT I
    Property type
    Industrial properties
    APN
    13-18-10-200-009
    APU
    131810200009

    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
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -85.0222
    Latitude
    45.3618

    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
    0
    $0.00
    $20,200
    $991,400
    $1,011,600
    -
    $40,400
    $1,982,800
    $2,023,200

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      2245 Charlevoix Ave

      Industrial properties • 3,200 SF
      2245 Charlevoix Ave, Petoskey, MI 49770
      View Details
    • Value Estimation
      $1,235,000
      82,568 SF

      4226 Charlevoix Rd

      INDUSTRIAL (GENERAL) • 82,568 SF
      4226 Charlevoix Rd, Petoskey, MI 49770-9723
      View Details
    • Value Estimation by Request

      4000 Charlevoix Rd

      INDUSTRIAL (GENERAL)
      4000 Charlevoix Rd, Petoskey, MI 49770-9815
      View Details
    • Value Estimation
      $1,375,000
      11,928 SF

      1293 Cedar Vly Rd

      INDUSTRIAL (GENERAL) • 11,928 SF
      1293 Cedar Vly Rd, Petoskey, MI 49770-9530
      View Details
    • Value Estimation by Request
      2,464 SF

      5599 Rustic Rd

      INDUSTRIAL (GENERAL) • 2,464 SF
      5599 Rustic Rd, Petoskey, MI 49770
      View Details
    • Value Estimation
      $1,020,000
      50,882 SF

      1950 Fochtman Industrial Dr

      INDUSTRIAL (GENERAL) • 50,882 SF
      1950 Fochtman Industrial Dr, Petoskey, MI 49770-9371
      View Details

    Similar Nearby for Sale

    • $949,000
      1,700 SF

      Petoskey Industrial Space: Prime Location

      1700 sq ft, high-traffic, turn-key industrial space.
      1111 Charlevoix Ave, Petoskey, MI 49770
      View Details
    • $2,100,000
      5,120 SF

      Prime Commercial Land with Building

      3.6-acre parcel with 5,120 sq ft building in Petoskey.
      1327 N Us 31, Petoskey, MI 49770
      View Details
    • $1,250,000
      3,200 SF

      Petoskey Industrial Building - Prime Location

      High-traffic corner lot, 3,200 sq ft, heated garage.
      2245 Charlevoix Ave, Petoskey, MI 49770
      View Details
    • $927,000
      3,256 SF

      Versatile Commercial Property on US 31

      Commercial property with open building, office, and parking lot.
      2356 N Us 31, Petoskey, MI 49770
      View Details
    • $465,000
      2,700 SF

      Versatile Commercial Building in Petoskey

      Well-maintained commercial building with updated office and spacious workshop.
      2489 N Us 31, Petoskey, MI 49770
      View Details
    • $35,000
      1.35 Acres

      Petoskey Land Parcel for Sale

      1.35 acre building site in Chapel Hill condominium association.
      0000 Chapel Hill Dr, Petoskey, MI 49770
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,819 SF

      Established Shopping Center for Lease

      174,870 SF shopping center with redevelopment opportunities.
      1305-1309 Spring St, Petoskey, MI 49770
      View Details
    • Contact for pricing
      174,870 SF

      Petoskey Retail Center Investment

      Prime Retail Space, Multiple Units Available
      1305 Spring St, Petoskey, MI 49770
      View Details
    • $16 SF/Yr
      2,590 SF

      Petoskey Retail or Office Space

      2,590 sq ft retail/office space in Petoskey, Michigan.
      2160 Anderson Rd, Petoskey, MI 49770
      View Details
    • $450 /Mo
      2,013 SF

      Petoskey Office Space For Rent

      Light and bright Petoskey office building, perfect for various professionals.
      2206 Mitchell Park Dr, Petoskey, MI 49770
      View Details
    • $6,000 /Mo
      4,189 SF

      Historic Downtown Landmark For Lease

      Rare opportunity in Petoskey's recognizable historic building undergoing restoration.
      224 Michigan St, Petoskey, MI 49770
      View Details
    • New
      $3,295 /Mo
      1,979 SF

      Prime Retail Space in Petoskey

      Exceptional retail space in Petoskey's Gaslight District.
      321 E Lake St, Petoskey, MI 49770
      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.
    4000 Charlevoix Rd
    Petoskey, MI 49770-9815
    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.
    Sign Up Successful!
    You now have access to more from Realmo!