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    Property profile & analytics

    49 Michigan Ave Battle Creek, MI 49017

    • Office buildings
    • 30,575 SF
    • 0.27 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2499549
    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

    • Comerica Bank - ATM / Investment Bank / Atm
    • Dennis Group / Engineering Consultant
    • Comerica Bank / Bank / Loan Service
    • SJS VDC / Electrical Engineer

    Property Details for 49 Michigan Ave

    Year built
    1950
    Lot size
    0.27 lot acres
    Property size
    30,575 SF
    Zone code
    T5
    Property type
    Office buildings
    APN
    8750-00-002-0
    APU
    8750000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,697,000
      Market price range: $1.03M - $3.25M
      AI Estimate
      $1,697,000
      Market price range: $1.03M - $3.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,255,000
      Current use
      RESTAURANT
      $2,540,000
      Change: +13% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,065,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $1,810,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Battle Creek
    County
    Calhoun
    State
    Michigan
    Longitude
    -85.184
    Latitude
    42.3204
    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
    $0.00
    $0.00
    $0.00
    $753,472
    -
    $0.00
    $0.00
    $1,506,944

    Comparable in this City

    • Value Estimation by Request
      1,372 SF

      243 Nn Ave

      OFFICE BUILDING • 1,372 SF
      243 Nn Ave, Battle Creek, MI 49017-3430
      View Details
    • Value Estimation
      $720,000
      13,628 SF

      66 Michigan E Ave

      OFFICE BUILDING • 13,628 SF
      66 Michigan E Ave, Battle Creek, MI 49017-4010
      View Details
    • Value Estimation
      $4,520,000
      61,290 SF

      155 Van Buren W St

      OFFICE BUILDING • 61,290 SF
      155 Van Buren W St, Battle Creek, MI 49017-3002
      View Details
    • Value Estimation by Request
      4,530 SF

      172 Van Buren W St

      OFFICE BUILDING • 4,530 SF
      172 Van Buren W St, Battle Creek, MI 49017-3005
      View Details
    • Value Estimation by Request
      2,924 SF

      21304 Capital NE Ave

      OFFICE BUILDING • 2,924 SF
      21304 Capital NE Ave, Battle Creek, MI 49017-8617
      View Details
    • Value Estimation by Request
      1,000 SF

      738 Capital NE Ave

      OFFICE BUILDING • 1,000 SF
      738 Capital NE Ave, Battle Creek, MI 49017-5666
      View Details

    Similar Nearby for Sale

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      Three-Story Office Building For Sale

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    • New
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      Battle Creek Commercial Office Building

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      Two-story, 43,928 SF medical rehabilitation facility in Battle Creek, MI.
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    • New
      $299,000
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      Downtown Battle Creek Mixed-Use Building

      Two-story building in downtown Battle Creek suitable for various uses.
      56 E Michigan Ave, Battle Creek, MI 49017
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    • $34,000

      Private Land with Building Sites

      Private land with wooded and clear areas, building sites.
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      Battle Creek Commercial Property For Sale

      Commercial property with high ratings and new roofs in Battle Creek.
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Battle Creek Tower Office Space

      Downtown Battle Creek Class A Offices
      70 Michigan Ave, Battle Creek, MI 49017
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    • $15 SF/Yr
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      49 West Michigan

      Office space • 34,953 SF
      49 Michigan Ave, Battle Creek, MI 49017
      View Details
    • $14 SF/Yr
      7,073 SF

      Downtown Battle Creek Office Space

      Prime Office Suites Available, 752-1848 SF
      77 Michigan Ave, Battle Creek, MI 49017
      View Details
    • $10 SF/Yr
      42,837 SF

      Battle Creek Shopping Center Space

      Retail spaces available in established Battle Creek shopping center.
      1581-1583 NE Capital Ave NE, Battle Creek, MI 49017
      View Details
    • $8 SF/Yr
      6,771 SF

      Retail Space Near Save A Lot

      Versatile retail space with warehouse and high visibility location.
      240 E Roosevelt Ave, Battle Creek, MI 49017
      View Details
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    49 Michigan Ave
    Battle Creek, MI 49017
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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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