Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    830 Pleasant St, Unit 1 Saint Joseph, MI 49085-1102

    • Office buildings
    OFF-MARKET
    Last Sale
    Oct 29, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4026424
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 830 Pleasant St

    Year built
    1983
    Zone code
    CO-B
    Property type
    Office buildings
    APN
    76-6400-0001-00-3
    APU
    7664000001003

    Description

    This exceptional three-story Class B office building, located at 830 Pleasant Street in St. Joseph, Michigan, presents a fantastic leasing opportunity. The property boasts a total of 42,000 square feet, with 5,257 square feet currently available for lease. Situated in Berrien County, this single building offers multiple tenancy options, ideal for businesses of various sizes seeking executive office space. Its convenient location provides easy access to both the vibrant downtown area and the beautiful St. Joseph beach, offering employees and clients a desirable work environment. The building's classification as Class B reflects its well-maintained condition and functional layout. The address is 830 Pleasant Street, St. Joseph, MI 49085. This property is perfect for businesses seeking a prestigious address with excellent amenities and proximity to both urban and recreational attractions. The available space provides flexibility for businesses looking to expand or establish a presence in this thriving Michigan community. With its strategic location and ample square footage, this property represents a compelling investment opportunity for discerning tenants. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Joseph
    County
    Berrien
    State
    Michigan
    Longitude
    -86.4791
    Latitude
    42.108
    CBSA code
    35660
    CBSA name
    NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,876
    $0.00
    $0.00
    $978,600
    -
    $0.00
    $0.00
    $1,957,200

    Comparable in this City

    • Value Estimation
      $740,000
      6,048 SF

      2904 Division St, Unit 9

      OFFICE BUILDING • 6,048 SF
      2904 Division St, Saint Joseph, MI 49085-2437
      View Details
    • Value Estimation
      $18,355,000
      518,375 SF

      211 Hilltop Rd

      OFFICE BUILDING • 518,375 SF
      211 Hilltop Rd, Saint Joseph, MI 49085-2300
      View Details
    • Value Estimation
      $1,870,000
      18,200 SF

      700 Broad St

      OFFICE BUILDING • 18,200 SF
      700 Broad St, Saint Joseph, MI 49085-1276
      View Details
    • Value Estimation by Request
      5,000 SF

      810 Highland Ave, Unit 5

      OFFICE BUILDING • 5,000 SF
      810 Highland Ave, Saint Joseph, MI 49085-2569
      View Details
    • Value Estimation by Request
      6,411 SF

      1820 Hilltop Rd

      OFFICE BUILDING • 6,411 SF
      1820 Hilltop Rd, Saint Joseph, MI 49085-2307
      View Details
    • Value Estimation
      $2,915,000
      53,219 SF

      3450 Hollywood Rd

      OFFICE BUILDING • 53,219 SF
      3450 Hollywood Rd, Saint Joseph, MI 49085-9155
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,476 SF

      2807 S State St, St. Joseph, MI 49085

      Office buildings • 31,476 SF
      2807 S State St, St Joseph, MI 49085
      View Details
    • $799,900
      6,490 SF

      St. Joseph Commercial Property For Sale

      Highly visible commercial property with income potential in St. Joseph.
      3830-3824 M-139, St Joseph, MI 49085
      View Details
    • $250,000

      Downtown St. Joseph Office Building

      Updated office building with excellent exposure and ample parking.
      1111 Main St, St Joseph, MI 49085
      View Details
    • $250,000
      Pending

      St. Joseph Office Building

      Office building with updated features and ample parking.
      1111 Main St, St Joseph, MI 49085
      View Details
    • $1,500,000
      59,000 SF

      St. Joseph Office/Medical Building

      59,000 SF office/medical building on 4.4 acres near downtown.
      820 Lester Ave, St Joseph, MI 49085
      View Details
    • Contact for pricing
      15,444 SF

      Professional Office Building Addition

      Proposed office building addition available for purchase or lease.
      2900 S State St, St Joseph, MI 49085
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      50,000 SF

      St. Joseph Office/Medical Building

      50,000 SF office/medical building for lease or sale.
      820 Lester Ave, St Joseph, MI 49085
      View Details
    • $12 SF/Yr
      31,476 SF

      St. Joseph Office Space Available

      Office building with 31,476 square feet available for lease.
      2807 South State St, St Joseph, MI 49085
      View Details
    • Contact for pricing

      Class A Office Space

      Professional office space in Edgewater Business District. Remodel to suit.
      511 Renaissance Dr, St Joseph, MI 49085
      View Details
    • $18 SF/Yr
      2,046 SF

      Stonegate Medical Center Office Space

      Medical office space available for lease in St. Joseph, MI.
      3901 Stonegate Park, St Joseph, MI 49085
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    830 Pleasant St, Unit 1
    Saint Joseph, MI 49085-1102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!