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    Property profile & analytics
    OFF-MARKET Estimated value $550,000
    Commercial real estate

    81 Enterprise Dr, Vassar, MI 48768-9602

    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-2397023
    Property summary
    AI-generated overview

    This turnkey industrial greenhouse cultivation facility in Vassar, MI, is offered for sale at $699,999. The property encompasses two acres and includes the building, furniture, fixtures, and equipment (FFE). Originally constructed in 1997, the facility underwent significant renovations and expansion in 2020. The main greenhouse, built by Nexus Greenhouse Systems, boasts 3,000 square feet of growing space, utilizing a living soil method. High-intensity lighting is provided by sixty-three 1,000-watt high-pressure sodium double-ended bulbs. Cultivation is supported by forty-two 4'x12' rolling planting beds and a complete light-deprivation curtain system. Water management is handled by three 1,000-gallon water tanks. A dedicated 1,000-square-foot mother/clone/vegetative room is equipped with vertical racks, twenty-eight LED light fixtures, and a Wadsworth Seed Environmental Control system. Two 375-square-foot climate-controlled dry rooms are included, along with a trim and packaging room. The Wadsworth Seed Environmental Control system manages the greenhouse, dry rooms, and the mother/clone/vegetative room. The remaining building space comprises office and administrative areas, restrooms, changing rooms, a secure inventory room, and an indoor secure transport room. Approved site plans allow for an additional 31,000 square feet of future growing space, presenting significant expansion potential.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 051-500-610-0800-00
    UPID US43-2397023
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $550k
    Owner & transaction history
    J & M Commerical Properties INC · 1 yrs held
    J & M Commerical Properties INC
    since 2025
    Last sale
    $550,000
    6 recorded transactions
    2025
    $550,000
    2025
    2024
    2019
    $288,000
    2012
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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