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    Property profile & analytics

    4131 Wellman Line Rd Brown City, MI 48416

    • Commercial real estate
    • 10.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3600710
    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

    • Parr Farms Wagons Inc / Farm

    Property Details for 4131 Wellman Line Rd

    Lot size
    10.41 lot acres
    Property type
    Commercial real estate
    APN
    16003110001002

    Description

    This exceptional 10.41-acre property in Brown City, Michigan (48416), presents a unique opportunity for agricultural expansion or a new venture. Located at 4131 Wellman Line Rd, Sanilac County, this farm boasts a substantial existing infrastructure, including a large commercially built structure featuring a 450-foot-long cattle byre. Nine additional barns are also present, all equipped with three-phase electrical service. The property includes an on-site office, offering ample space for administrative needs. The potential for repurposing this facility is significant, with possibilities including a USDA-compliant meat processing center. The property is zoned for both agricultural and residential use (APN: 16003110001002). The existing home offers considerable living space, totaling over 4500 square feet, with five bedrooms and three bathrooms. Recent improvements include a new roof and siding installed in 2020. This turnkey operation is priced at $824,900 and offers a rare combination of land, buildings, and residential comfort in a desirable Michigan location. The property's strategic location in the "Thumb" region of Michigan provides excellent access to transportation and markets.

    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
    Brown City
    County
    Sanilac
    State
    Michigan
    Longitude
    -83.042034
    Latitude
    43.141267

    Comparable in this City

    • $150,000

      14.76 Acre Fenced Land

      Vacant land suitable for hunting, recreation, farming, or building.
      Murray Rd, Brown City, MI 48416
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    • $110,000
      10.00 Acres

      10 Acres Vacant Land Opportunity

      10 acres of land, perfect canvas for your dream home!
      Earl West Rd, Brown City, MI 48416
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    • $145,000

      14.76 Acre Fenced Land

      Vacant land suitable for hunting, recreation, farming, or building.
      Murray Rd, Brown City, MI 48416
      View Details
    • $110,000
      4,582 SF

      Commercial Building in Brown City

      Versatile commercial building suitable for daycare, office, or specialty use.
      7069 Reed St, Brown City, MI 48416
      View Details
    • $579,999

      Established Bar and Grill For Sale

      Turn-key bar and grill with living space in thriving area.
      4397 Main St, Brown City, MI 48416
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    • $1,395,000
      25,760 SF

      Brown City Industrial Manufacturing Facility

      25,760 SF Manufacturing Building, $1.395M
      7254 Maple Valley Rd, Brown City, MI 48416
      View Details

    Similar Nearby for Sale

    • $150,000

      14.76 Acre Fenced Land

      Vacant land suitable for hunting, recreation, farming, or building.
      Murray Rd, Brown City, MI 48416
      View Details
    • $110,000
      10.00 Acres

      10 Acres Vacant Land Opportunity

      10 acres of land, perfect canvas for your dream home!
      Earl West Rd, Brown City, MI 48416
      View Details
    • $145,000

      14.76 Acre Fenced Land

      Vacant land suitable for hunting, recreation, farming, or building.
      Murray Rd, Brown City, MI 48416
      View Details
    • $110,000
      4,582 SF

      Commercial Building in Brown City

      Versatile commercial building suitable for daycare, office, or specialty use.
      7069 Reed St, Brown City, MI 48416
      View Details
    • $579,999

      Established Bar and Grill For Sale

      Turn-key bar and grill with living space in thriving area.
      4397 Main St, Brown City, MI 48416
      View Details
    • $1,395,600
      25,760 SF

      Industrial Building in Brown City

      Well-maintained industrial building with heavy power, loading docks, and expansion potential.
      7254 Maple Valley Rd, Brown City, MI 48416
      View Details
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    Brown City, MI 48416
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    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
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