81 Enterprise Dr, Vassar, MI 48768-9602
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.