Property profile

6473 Weidman Rd Weidman, MI 48893

OFF-MARKET
Other commercial real estate
Property ID
US43-4157181
6.19 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property consists of two self-storage facilities located in Central Michigan, approximately 10 miles apart, within the Mount Pleasant MSA about 60 miles northeast of Grand Rapids. Combined, the facilities contain 298 non-climate storage units totaling 37,322 net rentable square feet, with the Mount Pleasant facility providing 22,772 net rentable square feet of non-climate storage and the Weidman facility providing 12,150 net rentable square feet of non-climate storage plus 2,400 net rentable square feet of enclosed boat/RV storage. Each facility is sited on a 5+ acre lot, providing space for potential future expansion and/or outdoor parking-related use. The facilities have undergone capital improvements that include new camera systems and road-front signage.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 6.19 ac (269,636 SF)
APN 13-024-20-003-10
UPID US43-4157181

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
  • Storage Facility
  • Storage Facility

Location

6473 Weidman Rd Weidman, MI 48893-9719
Weidman metro Census 200 MOUNT PLEASANT, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

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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