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    Property profile & analytics

    515 Hammontree Dr Morenci, MI 49256-9607

    • Industrial properties
    • 3.16 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 11, 2020
    Location Intelligence
    Property ID
    US43-4608821
    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

    • Industrial properties

    Property Details for 515 Hammontree Dr

    Lot size
    3.16 lot acres
    Property type
    Industrial properties
    APN
    XM0-300-8075-00
    APU
    XM0300807500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morenci
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.2034
    Latitude
    41.7148
    CBSA code
    10300
    CBSA name
    ADRIAN, MI MICROPOLITAN 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
    2023
    $88,858
    $0.00
    $0.00
    $1,399,600
    -
    $0.00
    $0.00
    $2,799,200

    Comparable in this City

    • Value Estimation by Request
      4,230 SF

      Morenci, MI 49256

      Industrial properties • 4,230 SF
      Morenci, MI 49256
      View Details
    • Value Estimation by Request
      3.44 Acres

      575 Hammontree Dr

      INDUSTRIAL (GENERAL) • 3.44 Acres
      575 Hammontree Dr, Morenci, MI 49256-9607
      View Details
    • Value Estimation by Request
      3.05 Acres

      9081 Skyline Dr

      INDUSTRIAL (GENERAL) • 3.05 Acres
      9081 Skyline Dr, Morenci, MI 49256-9606
      View Details
    • Value Estimation by Request
      45,000 SF

      300 Hammontree Dr

      Distribution properties • 45,000 SF
      300 Hammontree Dr, Morenci, MI 49256
      View Details
    • Value Estimation by Request
      854 SF

      Morenci, MI 49256

      Industrial properties • 854 SF
      Morenci, MI 49256
      View Details
    • Value Estimation
      $290,000
      3.16 Acres

      415 Hammontree Dr

      INDUSTRIAL (GENERAL) • 3.16 Acres
      415 Hammontree Dr, Morenci, MI 49256-9610
      View Details

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    Similar Nearby for Lease

    • $2,750,000

      Cannabis Cultivating & Processing Facility

      Multi-tenant cannabis facility with new 10-year leases and annual increases.
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      View Details
    • Contact for pricing

      Morenci Retail and Automotive Space

      Retail and automotive property available for rent in Morenci.
      300 Hammontree Dr, Morenci, MI 49256
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    • Contact for pricing

      Morenci Commercial Property For Rent

      Commercial property available for rent in Morenci, Michigan.
      300 Hammontree Dr, Morenci, MI 49256
      View Details
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    Morenci, MI 49256-9607
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    Realmo Value Estimation

    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.

    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.

    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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