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    4285 2 Mile Rd Bay City, MI 48706
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    Property profile & analytics

    4285 2 Mile Rd Bay City, MI 48706

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    • Commercial real estate
    • 6.30 lot acres
    Off-Market
    Property ID
    US43-1650127
    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

    • Commercial real estate

    Property Details for 4285 2 Mile Rd

    Lot size
    6.30 lot acres
    Property type
    Commercial real estate
    APN
    010-018-300-005-00

    Description

    This exceptional 6.3-acre property located at 4285 2 Mile Rd, Bay City, MI 48706 (APN: 010-018-300-005-00) presents a unique investment opportunity. Currently zoned for residential use, the land boasts a charming 5-bedroom brick ranch home, complete with a swimming pool and a separate pool house. Further enhancing its versatility, the property includes a horse barn and a dog kennel. The existing structures make it ideally suited for use as a group home, while the expansive acreage offers significant development potential. The property is easily subdivided, with the possibility of creating 7 to 11 additional lots. Infrastructure is already in place to facilitate development, including county storm and sanitary sewer systems, with water readily available in the roadway. The location is highly convenient, with easy access to expressways, shopping centers, schools, churches, and a hospital. The property is also attractively landscaped with numerous trees. This property offers a rare blend of existing amenities and substantial future development possibilities, making it an attractive investment in a desirable Michigan location. The asking price for this remarkable property is $400,000.

    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
    -83.9318779
    Latitude
    43.6149452

    Comparable in this City

    • $550,000
      14,202 SF

      Industrial Buildings with Yard Space

      Large industrial buildings suitable for warehousing, logistics, storage, and more.
      2429 2 Mile Rd, Bay City, MI 48706
      View Details
    • $69,000
      0.56 Acres

      Bay City Golf Course Land

      Vacant land to build a dream home on golf course.
      1115 Carrie Lynn Dr, Bay City, MI 48706
      View Details
    • Contact for pricing

      Corner Commercial Land Opportunity

      Commercial land near SVSU and Delta College.
      6384 M 84, Bay City, MI 48706
      View Details
    • Contact for pricing
      0.92 Acres

      Bay City Commercial Land - Euclid Ave

      Nearly an acre, high-traffic location. Ideal for redevelopment.
      1809 Euclid Ave, Bay City, MI 48706
      View Details
    • $210,000
      3.01 Acres

      Commercial Land on Two Mile

      3.01-acre commercial parcel in a highly visible corridor.
      2469 2 Mile Rd, Bay City, MI 48706
      View Details

    Similar Nearby for Sale

    • $550,000
      14,202 SF

      Industrial Buildings with Yard Space

      Large industrial buildings suitable for warehousing, logistics, storage, and more.
      2429 2 Mile Rd, Bay City, MI 48706
      View Details
    • $69,000
      0.56 Acres

      Bay City Golf Course Land

      Vacant land to build a dream home on golf course.
      1115 Carrie Lynn Dr, Bay City, MI 48706
      View Details
    • Contact for pricing

      Corner Commercial Land Opportunity

      Commercial land near SVSU and Delta College.
      6384 M 84, Bay City, MI 48706
      View Details
    • Contact for pricing
      0.92 Acres

      Bay City Commercial Land - Euclid Ave

      Nearly an acre, high-traffic location. Ideal for redevelopment.
      1809 Euclid Ave, Bay City, MI 48706
      View Details
    • $210,000
      3.01 Acres

      Commercial Land on Two Mile

      3.01-acre commercial parcel in a highly visible corridor.
      2469 2 Mile Rd, Bay City, MI 48706
      View Details

    Similar Nearby for Lease

    • 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
    • $12 SF/Yr

      Bay Professional Building

      Single or Multi-Room Suites Available in Bay City
      200 Wenona St, Bay City, MI 48706
      View Details
    • 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

      Bay City Commercial Space

      Commercial space available for rent in Bay City, Michigan.
      4 Columbus Ave Bay, Bay City, MI 48706
      View Details
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    Bay City, MI 48706
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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.

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