Technical
Financial
Distress signals
Property profile

604 Spg St Saint Johns, MI 48879

OFF-MARKET
Other warehouses
Property ID
US43-2440571
5,000 SF 0.69 ac lot
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

A light-industrial/commercial building constructed in 2021 with a total area of approximately 5,600 square feet. The property is configured as a demised structure with six bays (each bay approximately 13.5' x 50' or about 750 square feet) and an approximate 16' ceiling clearance; the main building is capable of being arranged as open-span space. An adjacent office building is immediately next to the warehouse with a private entrance. Exterior construction includes metal siding and a metal roof, with OSB sheathing (1/2-inch inside/outside) on sidewalls, ceiling, and roof. Closed-cell foam insulation is installed (approximately 2-inch in the attic and walls). Site and utility features include an in-floor heating system, seven 12' grade-level doors, single-phase 220-volt electricity, approximately 5''–8'' concrete slab, 6'' drains around the building, and an asphalt parking lot with an approximately 5'' thickness. The property also includes a partially fenced yard with a chain-link fence approximately 268' long and 6' high, and the configuration is suitable for uses such as storage, processing/production, cleaning, warehousing, and contract services.

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Total area 5,000 SF
Lot 0.69 ac (30,013 SF)
Zoning code I-2
APN 300-490-112-001-00
UPID US43-2440571

Cap rate & NOI

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

Location

604 Spg St Saint Johns, MI 48879
Saint Johns metro Census 10801 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2019
1 recorded transaction
2019
$30,000

Zoning & alternative use

I-2 · Saint Johns, 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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