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    4535 Wayne Rd, Unit B Springfield, MI 49037
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    4535 Wayne Rd, Unit B Springfield, MI 49037

    View on Map
    • Warehouses
    • 55,852 SF
    • 7.99 lot acres
    For Lease
    $5 SF/Yr
    View Listing →
    COMMERCIAL - Springfield, MI For Lease
    $5 SF/Yr

    COMMERCIAL - Springfield, MI

    Well-maintained 22,000 SF industrial space near Fort Custer Industrial Park.

    4535 Wayne Rd,Unit B, Springfield, MI 49037
    View Listing
    Property ID
    US43-2126792
    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
    $790,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4535 Wayne Rd

    Year built
    1979
    Lot size
    7.99 lot acres
    Property size
    55,852 SF
    Zone code
    IRT
    Property type
    Warehouses
    APN
    54-125-008-00
    APU
    5412500800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $921,000
      Market price range: $396k - $1.83M
      AI Estimate
      $921,000
      Market price range: $396k - $1.83M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,210,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.2716
    Latitude
    42.3291
    CBSA code
    12980
    CBSA name
    BATTLE CREEK, 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
    2022
    $22,318
    $0.00
    $0.00
    $404,915
    -
    $0.00
    $0.00
    $809,830

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      681 20th N St

      WAREHOUSE, STORAGE • 2,800 SF
      681 20th N St, Springfield, MI 49037-7431
      View Details
    • Value Estimation by Request
      4,320 SF

      4530 Wayne Rd

      WAREHOUSE, STORAGE • 4,320 SF
      4530 Wayne Rd, Springfield, MI 49037
      View Details
    • Value Estimation by Request
      3,360 SF

      60 Ave C C

      WAREHOUSE, STORAGE • 3,360 SF
      60 Ave C C, Springfield, MI 49037-8236
      View Details
    • Value Estimation by Request
      11,223 SF

      371 Upton Ave

      WAREHOUSE, STORAGE • 11,223 SF
      371 Upton Ave, Battle Creek, MI 49037-8421
      View Details
    • Value Estimation by Request
      4,800 SF

      295 Custer Dr

      WAREHOUSE, STORAGE • 4,800 SF
      295 Custer Dr, Battle Creek, MI 49037-1128
      View Details
    • Value Estimation by Request
      15,408 SF

      17 Springfield Dr

      WAREHOUSE, STORAGE • 15,408 SF
      17 Springfield Dr, Springfield, MI 49037-8325
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      112,500 SF

      Net Leased Industrial Warehouse

      Five-year net lease industrial warehouse investment opportunity.
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    • Contact for pricing
      10,033 SF

      Kalamazoo Riverfront Warehouse with Office

      Warehouse with office space along the Kalamazoo River.
      310 Custer Dr, Battle Creek, MI 49037
      View Details
    • $599,900
      10,756 SF

      Battle Creek Commercial Opportunity

      Commercial property on Michigan Ave with two metal buildings.
      750 Michigan Ave, Battle Creek, MI 49037
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    • $2,900,000

      Industrial Building in Fort Custer

      Industrial building for sale in Fort Custer Industrial Park.
      300 Fritz Keiper Blvd, Battle Creek, MI 49037
      View Details
    • $249,000
      6,260 SF

      Upgraded Industrial Building in Battle Creek

      Industrial building with recent upgrades in Battle Creek, Michigan.
      333 W Hamblin Ave, Battle Creek, MI 49037
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      13,128 SF

      Battle Creek Industrial Warehouse For Rent

      One-story industrial warehouse with office space available for lease.
      103 Grove St, Battle Creek, MI 49037
      View Details
    • Contact for pricing

      Industrial Building with Loading Docks

      Industrial building for lease with loading docks and ample power.
      126 Avenue C, Springfield, MI 49037
      View Details
    • New
      $5 SF/Yr
      14,881 SF

      Industrial Building Near Fort Custer

      14,881 SF industrial building for lease in Springfield, MI.
      4535 Wayne Rd, Springfield, MI 49037
      View Details
    • New
      $5 SF/Yr
      9,493 SF

      Industrial Space Near Fort Custer

      9,493 SF industrial space near Fort Custer Industrial Park.
      4535 Wayne Rd, Springfield, MI 49037
      View Details
    View Listing
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    Springfield, MI 49037
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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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