Property profile

510 Moulton St Belding, MI 48809

OFF-MARKET
Industrial properties
Property ID
US43-2295736
24,420 SF 1.6 ac lot Built 2001
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 24,420-square-foot industrial building in Belding, Michigan, presents a unique sublease opportunity. Situated on a 1.6-acre lot, this single-story structure boasts a warehouse area of 23,420 square feet, including 7,641 square feet of freezer/cooler space maintained at 18 degrees Fahrenheit. The warehouse features two loading docks directly servicing the cold storage area, along with seven drive-in doors for convenient access. High ceilings, reaching 20 feet at the peak, provide ample vertical space. Power is robust, with 3,600 amps of 480v/3-phase electricity available. In addition to the warehouse, a 1,000-square-foot office space is included, complete with cubicles, two restrooms, and a break area. The current sublease agreement with Home City Ice extends through 2029, but flexible terms are available. The property is zoned I-1 and is ideal for businesses requiring significant warehouse space, cold storage capabilities, and ample power. This standalone building offers a prime location in Belding, Michigan, with easy access to major transportation routes (specific details not provided). The property is ready for immediate occupancy, subject to sublease terms. Contact us to discuss your business needs and explore the possibilities of this exceptional industrial space.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2001
Total area 24,420 SF
Lot 1.6 ac (69,696 SF)
Zoning code I-1
APN 34-401-160-000-005-00
UPID US43-2295736

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Distribution Center

Location

510 Moulton St Belding, MI 48809-1246
Belding metro Census 30300 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$594k
Blend (final) Blend
$435k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2012
Price N/A

Zoning & alternative use

I-1 · Belding, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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