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Property profile & analytics
OFF-MARKET
Commercial real estate

5876 Puffer SW Rd South Boardman, MI 49680-9723

10.7 ac lot
Entity Owned 5-yr Hold Free & Clear
Property ID
US43-3933659
Property summary
AI-generated overview

Exceptional value at under $23 per square foot, this 35,120-square-foot warehouse is situated on over 10 acres of land in South Boardman, Michigan, at 5876 Puffer Road, 49680. The building, measuring approximately 500 feet by 70 feet, features a north side that is insulated, while the south end offers cold storage capabilities. While some cosmetic updates are recommended, the structure is dry and boasts a newer roof installed within the last 10 years. Currently utilized for boat storage, utilities including heat and water have been inactive. The property includes a propane tank and an oil furnace located on the north side. A well and septic system are present but haven't been used recently and require inspection by the buyer. The property is fenced on three sides, offering enhanced security. Conveniently located, it's easily accessible from the intersection of Boardman Road and US 131. This presents a unique opportunity for investors seeking a substantial industrial property with significant potential. The asking price is $799,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 10.7 ac (466,092 SF)
APN 003-024-012-20
UPID US43-3933659
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Puffer Rd Prop LLC · 5 yrs held
Puffer Rd Prop LLC
since 2021
3 recorded transactions
2021
Price N/A
2021
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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