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    4435 Imlay City Rd Attica, MI 48412

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    4435 Imlay City Rd Attica, MI 48412

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    • Day care centers
    • 6,500 SF
    • 40.50 lot acres
    Off-Market
    Property ID
    US43-4384434
    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

    • Day care centers

    Property Details for 4435 Imlay City Rd

    Lot size
    40.50 lot acres
    Property size
    6,500 SF
    Property type
    Day care centers
    Property subtype
    Grocery and convenience stores
    APN
    00300403200

    Description

    This exceptional 40.5-acre estate in Attica, Michigan, presents a unique investment opportunity. The property boasts a 6,500 square foot, two-story Class B retail building constructed in 2015, featuring 2,500 square feet of net rentable space. Currently zoned for retail use, the property is ideally suited for a variety of businesses, including daycare, grocery store, or restaurant operations. The property includes five buildings in total, and a substantial pole barn with its own utilities (water, septic, electric, and gas), offering significant expansion potential. The main building features extensive woodwork, vaulted ceilings, hardwood floors, and a finished walkout basement with a bedroom, bathroom, bar, theater, and wine cellar. Outdoor amenities include a covered patio, front porch, chicken coops, a dog kennel, sheep yard, and two ponds. The property is located at 4435 Imlay City Rd, Attica, MI 48412, and is offered at $1,650,000 ($253.85 per square foot). All appliances, including a new refrigerator and stove (installed August 2023), are included. The property is in move-in condition and includes a home warranty. This is a rare opportunity to acquire a versatile commercial property with significant residential features on a large parcel of land. The property's multiple buildings and expansive acreage provide ample room for growth and development.

    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
    Attica
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.17253
    Latitude
    43.048611

    Comparable in this City

    • $4,099,999
      20,000 SF

      Attica Agricultural Land Investment Opportunity

      17.98 acres with 20,000 sq ft building near I-69.
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    • $105,000

      Buildable Land for Sale

      Over 10 acres of buildable land near Imlay City.
      395 S Lake George Rd, Attica, MI 48412
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    • $1,750,000
      140.00 Acres

      140 Acres Near I-69

      Large parcel near I-69 with development potential.
      3766 Payne Rd, Attica, MI 48412
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    • $999,900
      123.60 Acres

      120+ Acres of Rolling Hills

      120+ acres with ponds, house, barns, and clubhouse in Attica.
      3479 Haines Rd, Attica, MI 48412
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    • Contact for pricing

      123+ Acres Redevelopment Opportunity

      Large land parcel with lake, barns, clubhouse, and house.
      3749 Haines Rd, Attica, MI 48412
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    Similar Nearby for Sale

    • $4,099,999
      20,000 SF

      Attica Agricultural Land Investment Opportunity

      17.98 acres with 20,000 sq ft building near I-69.
      4411 Newark Rd, Attica, MI 48412
      View Details
    • $105,000

      Buildable Land for Sale

      Over 10 acres of buildable land near Imlay City.
      395 S Lake George Rd, Attica, MI 48412
      View Details
    • $1,750,000
      140.00 Acres

      140 Acres Near I-69

      Large parcel near I-69 with development potential.
      3766 Payne Rd, Attica, MI 48412
      View Details
    • $999,900
      123.60 Acres

      120+ Acres of Rolling Hills

      120+ acres with ponds, house, barns, and clubhouse in Attica.
      3479 Haines Rd, Attica, MI 48412
      View Details
    • Contact for pricing

      123+ Acres Redevelopment Opportunity

      Large land parcel with lake, barns, clubhouse, and house.
      3749 Haines Rd, Attica, MI 48412
      View Details
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    Attica, MI 48412
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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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