Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4129 Wilder Rd Bay City, MI 48706-2240
    Back to Search
    Property profile & analytics

    4129 Wilder Rd Bay City, MI 48706-2240

    View on Map
    • Super regional malls
    • 62,586 SF
    • 5.69 lot acres
    For Lease
    View Listing →
    Former JC Penney Available For Lease
    Contact for pricing
    62,585 SF

    Former JC Penney Available

    62,585 SF building on 5.69 acres in Bay City.

    4129 Wilder Rd, Bay City, MI
    View Listing
    Property ID
    US43-1270016
    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

    • The SALON by InStyle Inside JCPenney / Hair Salon / Nail Salon

    Property Details for 4129 Wilder Rd

    Year built
    1992
    Lot size
    5.69 lot acres
    Property size
    62,586 SF
    Zone code
    C-2
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    010-B07-000-007-00
    APU
    010B0700000700

    Description

    This exceptional redevelopment opportunity presents a former JCPenney building situated on a prominent 5.69-acre lot at the northeast corner of Bay City Town Center, conveniently located at the intersection of Wilder Road and State Street Road in Bay County, Michigan, 48706. The expansive 62,585 square foot building boasts a desirable C-2 Regional Commercial zoning, allowing for diverse commercial uses. The property is in excellent condition and features two loading docks on the south side, a comprehensive sprinkler system, a convenient elevator servicing the mezzanine level, and robust 3-phase power. Climate control is ensured with six rooftop units supplemented by additional interior Reznor units. The anticipated occupancy date is January 12, 2024. This prime location and versatile space offer significant potential for a variety of commercial ventures. The asking price for this owner-user investment is $1,400,000. This is a truly remarkable opportunity for a discerning investor seeking a high-impact redevelopment project in a thriving Michigan community.

    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
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.8897
    Latitude
    43.6273
    CBSA code
    13020
    CBSA name
    BAY CITY, 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
    2023
    $21,634
    $0.00
    $0.00
    $437,900
    -
    $0.00
    $0.00
    $875,800

    Comparable in this City

    • Value Estimation by Request
      108,638 SF

      4135 Wilder Rd

      REGIONAL SHOPPING CENTER, MALL • 108,638 SF
      4135 Wilder Rd, Bay City, MI 48706-2240
      View Details
    • Value Estimation by Request
      0.06 Acres

      4103 Wilder Rd

      REGIONAL SHOPPING CENTER, MALL • 0.06 Acres
      4103 Wilder Rd, Bay City, MI 48706-2240
      View Details
    • Value Estimation by Request
      13,700 SF

      6907 Westside Saginaw Rd

      SHOPPING CENTER, STRIP CENTER • 13,700 SF
      6907 Westside Saginaw Rd, Bay City, MI 48706-9348
      View Details
    • Value Estimation by Request
      3,390 SF

      78 State Park Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 3,390 SF
      78 State Park Dr, Bay City, MI 48706-2142
      View Details
    • Value Estimation by Request
      5,564 SF

      200 Euclid Ave

      SHOPPING CENTER, STRIP CENTER • 5,564 SF
      200 Euclid Ave, Bay City, MI 48706-2942
      View Details
    • Value Estimation by Request
      3,496 SF

      710 Salzburg Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 3,496 SF
      710 Salzburg Ave, Bay City, MI 48706-5327
      View Details

    Similar Nearby for Sale

    • $100,000
      1,055 SF

      Commercial Building on High-Traffic Road

      Commercial building with private parking on a high-traffic corner.
      1200 N Henry St, Bay City, MI 48706
      View Details
    • $49,900
      Pending

      Bay City Mixed-Use Opportunity

      Fixer-upper with business potential on a busy Bay City corridor.
      704 Salzburg Ave, Bay City, MI 48706
      View Details
    • New
      $195,000
      2,700 SF

      Bay City Live-Work Opportunity

      RM-1 zoned property with home occupation use and business potential.
      512 Germania Ave, Bay City, MI 48706
      View Details
    • Contact for pricing
      10,000 SF

      Bay City Mixed-Use Property

      Mixed-use property available for sale in Bay City, Michigan.
      808 N Euclid Ave, Bay City, MI 48706
      View Details
    • $115,000

      Commercial Space with Salon Potential

      Unique commercial space suitable for salon, spa, retail, or office.
      3952 Bangor Rd, Bay City, MI 48706
      View Details
    • $59,999

      Liquor License Available in County

      Class C liquor license available for bars and restaurants.
      000 Main St, Clawson, MI 48706
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces Near Bay City

      Retail suites available in high-traffic commercial area near mall.
      4100 Wilder Rd, Bay City, MI 48706
      View Details
    • $13 SF/Yr

      Office or Retail Space Available

      Reduced price! Office or retail space with shared amenities.
      6004 Westside Saginaw Rd, Bay City, MI 48706
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease, high-traffic corner location.
      3480 North Union Rd, Bay City, MI 48706
      View Details
    • Contact for pricing

      Retail Space at Wilder Road

      Retail space available at a high-traffic intersection.
      3880 E Wilder Rd, Bay City, MI 48706
      View Details
    • Contact for pricing

      Bay City Retail Space Available

      Retail space for lease in established Bay City business district.
      411 S Henry St, Bay City, MI 48706
      View Details
    View Listing
    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.
    4129 Wilder Rd
    Bay City, MI 48706-2240
    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
    4129 Wilder Rd, Bay City, MI, 48706
    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!