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Property profile & analytics
OFF-MARKET
Estimated value
$3,165,000
Warehouses
408 Riv St Buchanan, MI 49107-1483
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-2963694
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1937
Total area
199,837 SF
Lot
8.78 ac (382,457 SF)
Zoning code
R-1 SIN
APN
58-0700-0007-04-0
UPID
US43-2963694
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$3.17M
Owner & transaction history
City Of Buchanan · 2 yrs held
City Of Buchanan
since 2024
4 recorded transactions
Zoning & alternative use
R-1 SIN · Buchanan, MI
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Buchanan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buchanan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.17M
Range $2.85M – $3.48M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$16 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,300
Tax year 2023
Assessed value
$169,200
Assessed 2024
Previous assessed
$162,800
+3.9% YoY
Effective rate
4.91%
On assessed value
Total market value
$338,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1937
Stories
1
Total area
199,837 SF
Lot
8.78 ac (382,457 SF)
Zoning code
R-1 SIN
APN
58-0700-0007-04-0
UPID
US43-2963694
Jurisdiction
BERRIEN
Zoning & alternative use
R-1 SIN · Buchanan, MIZoning R-1 SIN · permitted uses
R-1 SIN · Buchanan, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
buchanan udc 20250818 final
Building & site characteristics
From public records
Year built
1937
Stories
1
Lot
8.78 ac
Current owner
From public records · entity-resolved
City Of Buchanan
Entity
Free & Clear · 2 yrs held
Mailing address
1101 E FRNT ST, BUCHANAN, MI 49107
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
—
City Of Buchanan
G2 Developments Of Michigan LLC
Correction Deed
related
—
Dec 29, 2017
$65,000
G2 Development Of Michingan LLC
Pro Tech Enviromental And Co
Warranty Deed
—
Sep 15, 2015
$44,841
Pro Tech Environmental & Constructi
Berrien County
Sheriffs Deed
related
—
Mar 18, 2014
$20,000
City Of Buchanan
Kc Demolition LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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