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    Property profile & analytics

    56040 Territorial Rd Decatur, MI 49045-9022

    • Manufacturing properties
    • 5,646 SF
    • 4.75 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 04, 2021
    Location Intelligence
    Property ID
    US43-2281836
    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

    • Manufacturing properties

    Property Details for 56040 Territorial Rd

    Year built
    1992
    Lot size
    4.75 lot acres
    Property size
    5,646 SF
    Zone code
    I-1
    Property type
    Manufacturing properties
    APN
    80-10-018-001-20
    APU
    801001800120

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.0902
    Latitude
    42.1222
    CBSA code
    28020
    CBSA name
    KALAMAZOO-PORTAGE, 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
    2020
    $4,550
    $0.00
    $0.00
    $111,400
    -
    $0.00
    $0.00
    $222,800

    Comparable in this City

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      3,456 SF

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    • Value Estimation by Request
      62,566 SF

      79201 M 51

      MANUFACTURING (LIGHT) • 62,566 SF
      79201 M 51, Decatur, MI 49045-8209
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    • Value Estimation by Request
      10,000 SF

      79001 M 51

      MANUFACTURING (LIGHT) • 10,000 SF
      79001 M 51, Decatur, MI 49045-8201
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    • Value Estimation by Request
      53,600 SF

      313 Sherwood Reet St

      WAREHOUSE, STORAGE • 53,600 SF
      313 Sherwood Reet St, Decatur, MI 49045
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    • Value Estimation by Request
      80,044 SF

      101 Bronson St

      COLD STORAGE • 80,044 SF
      101 Bronson St, Decatur, MI 49045-1259
      View Details
    • Value Estimation by Request
      12,831 SF

      Sherwood St

      WAREHOUSE, STORAGE • 12,831 SF
      Sherwood St, Decatur, MI 49045
      View Details

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    56040 Territorial Rd
    Decatur, MI 49045-9022
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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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