Property profile

81 Enterprise Dr Vassar, MI 48768

OFF-MARKET
Commercial real estate
Property ID
US43-2397023
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Location

81 Enterprise Dr Vassar, MI 48768-9602
Vassar metro Census 900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2025
Last sale
$550,000
6 recorded transactions
2025
$550,000
2025
Price N/A
2024
Price N/A
2019
$288,000
2012
Price N/A
1969
Price N/A

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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