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    7315 Onsted Hwy Onsted, MI 49265

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    7315 Onsted Hwy Onsted, MI 49265

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    • Industrial properties
    • 1,545 SF
    • 13.80 lot acres
    Off-Market
    Property ID
    US43-1893575
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Loar Storage / Storage Facility

    Property Details for 7315 Onsted Hwy

    Year built
    1900
    Lot size
    13.80 lot acres
    Property size
    1,545 SF
    Property type
    Industrial properties

    Description

    This exceptional investment opportunity encompasses a substantial 13.8-acre parcel in Onsted, Michigan, featuring a sizable 1,545 square foot, three-bedroom, two-bathroom home currently occupied by tenants under lease agreements. The property also boasts five additional outbuildings, some of which are currently leased to tenants generating existing income streams. The existing leases provide immediate cash flow, while the remaining space within the outbuildings presents a significant opportunity to increase rental income or utilize the space for personal storage or business operations. The property's expansive acreage includes a large pond, adding to its overall appeal and potential uses. The location is conveniently situated just south of the Village of Onsted, offering easy access to local amenities and transportation routes. This property is ideal for investors seeking a diversified income stream or entrepreneurs looking for a versatile space to establish their business. The existing structures are in place, minimizing upfront development costs and allowing for immediate occupancy and revenue generation. The combination of residential and commercial space, coupled with the ample land, makes this a truly unique and attractive investment opportunity. The property is being offered at $450,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Onsted
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.18822
    Latitude
    41.99187

    Comparable in this City

    • Contact for pricing

      Industrial/Flex Property on 8.62 Acres

      39,780 SF industrial/flex property with expansion potential.
      10464 Bryan Hwy, Onsted, MI 49265
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    • $400,000
      40.00 Acres

      40 Acres Vacant Land Onsted

      Two parcels totaling 40 acres in Onsted, Michigan.
      10000 Stephenson Rd, Onsted, MI 49265
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      39,780 SF

      Scenic Irish Hills Opportunity

      Rare commercial property for sale in Michigan's Irish Hills.
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    • $225,000
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      Land For Sale, Onsted, MI

      Vacant land available in Onsted, Michigan.
      Castlebar Ln, Onsted, MI 49265
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      0.44 Acres

      Residential Land Near Loch Erin

      Land for sale near Loch Erin in Onsted, Michigan.
      7966 Kingsley Dr, Onsted, MI 49265
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    • $4,100,000
      Pending

      Multi-Use Landholding with Building

      Large, contiguous landholding suitable for agriculture, recreation, and investment.
      M 50, Onsted, MI 49265
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    Similar Nearby for Sale

    • Contact for pricing

      Industrial/Flex Property on 8.62 Acres

      39,780 SF industrial/flex property with expansion potential.
      10464 Bryan Hwy, Onsted, MI 49265
      View Details
    • $400,000
      40.00 Acres

      40 Acres Vacant Land Onsted

      Two parcels totaling 40 acres in Onsted, Michigan.
      10000 Stephenson Rd, Onsted, MI 49265
      View Details
    • Contact for pricing
      39,780 SF

      Scenic Irish Hills Opportunity

      Rare commercial property for sale in Michigan's Irish Hills.
      10464 Bryan Hwy, Onsted, MI 49265
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    • $225,000
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      Land For Sale, Onsted, MI

      Vacant land available in Onsted, Michigan.
      Castlebar Ln, Onsted, MI 49265
      View Details
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      0.44 Acres

      Residential Land Near Loch Erin

      Land for sale near Loch Erin in Onsted, Michigan.
      7966 Kingsley Dr, Onsted, MI 49265
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    • $4,100,000
      Pending

      Multi-Use Landholding with Building

      Large, contiguous landholding suitable for agriculture, recreation, and investment.
      M 50, Onsted, MI 49265
      View Details
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    Onsted, MI 49265
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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