Sign Up Successful!
You now have access to more from Realmo!
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

    863 Pne Rd Essexville, MI 48732-2159

    • Commercial real estate
    • 2.30 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0982372
    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

    • Commercial real estate

    Property Details for 863 Pne Rd

    Lot size
    2.30 lot acres
    Property type
    Commercial real estate
    APN
    070-026-200-085-00
    APU
    7002620008500

    Description

    This exceptional 1,600 square foot executive office space is ideally located at 863 N Pine Rd in Essexville, Michigan, 48732. Situated on a 2.3-acre lot, this property offers ample off-street parking. The interior boasts three private offices, a compliant ADA bathroom, a convenient kitchen area, and a dedicated storage room. The space is well-maintained and in excellent condition, making it suitable for a variety of professional uses. The property is zoned for commercial and industrial use, providing flexibility for potential tenants. Public sanitary sewer service is available. This turnkey solution is perfect for businesses seeking a move-in ready space with all the necessary amenities. The property is conveniently located in Bay County, within the Hampton Twp (09007) area, offering easy access to local amenities and transportation routes. The asking price for this exceptional opportunity is $18,000. MLS#: 50049832.

    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
    Essexville
    County
    Bay
    State
    Michigan
    Longitude
    -83.8383
    Latitude
    43.5904
    CBSA code
    13020
    CBSA name
    BAY CITY, 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
    $20,921
    $0.00
    $0.00
    $276,800
    -
    $0.00
    $0.00
    $553,600

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      1604 Woodside Ave

      COMMERCIAL (GENERAL) • 0.22 Acres
      1604 Woodside Ave, Essexville, MI 48732-1459
      View Details
    • Value Estimation by Request
      1.20 Acres

      1877 Eastbay Pkwy

      COMMERCIAL (GENERAL) • 1.20 Acres
      1877 Eastbay Pkwy, Essexville, MI 48732-1825
      View Details
    • Value Estimation by Request
      0.23 Acres

      201 Borton Ave

      COMMERCIAL (GENERAL) • 0.23 Acres
      201 Borton Ave, Essexville, MI 48732-1140
      View Details
    • Value Estimation by Request
      6.89 Acres

      2910 Ctr Ave

      COMMERCIAL (GENERAL) • 6.89 Acres
      2910 Ctr Ave, Essexville, MI 48732-1704
      View Details
    • Value Estimation by Request
      2.54 Acres

      1490 Ctr Rd

      COMMERCIAL (GENERAL) • 2.54 Acres
      1490 Ctr Rd, Essexville, MI 48732-2112
      View Details
    • Value Estimation by Request
      2.18 Acres

      Ww Ctr Rd

      COMMERCIAL (GENERAL) • 2.18 Acres
      Ww Ctr Rd, Essexville, MI 48732
      View Details

    Similar Nearby for Sale

    • $51,400
      900 SF

      Essexville Industrial Building - Great Potential

      Updated 900 sq ft commercial space in Essexville.
      1601 Woodside Ave, Essexville, MI 48732
      View Details
    • $550,000
      22,781 SF

      Essexville Industrial Riverfront Property

      Saginaw Riverfront industrial complex with boat slip.
      2363 Weadock Hwy, Essexville, MI 48732
      View Details
    • Contact for pricing
      64,957 SF

      Majestic Square Retail Center

      Essexville, MI storefront opportunity. High-growth potential.
      2950-2992 Center Ave, Essexville, MI 48732
      View Details
    • $499,000
      4,928 SF

      Essexville Industrial Building - For Sale

      Prime Essexville location, 4,928 sq ft industrial building.
      3588 Center Ave, Essexville, MI 48732
      View Details
    • New
      Contact for pricing
      1.00 Acre

      One Acre Vacant Land

      One acre vacant lot in Hampton Township, Essexville, MI.
      Essexville, MI 48732
      View Details
    • $217,000
      960 SF

      Essexville Condo with Trex Deck

      Condo featuring two first-floor bedrooms, finished basement, and Trex deck.
      517 Hampton Lake Dr, Essexville, MI 48732
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Essexville Center

      Retail spaces available in Kroger-anchored shopping center.
      S Powell Rd, Essexville, MI 48732
      View Details
    • $18 SF/Yr
      7,000 SF

      Uptown Bay City Office Space

      Premier Class A office space with riverfront views available for rent.
      21-25 E Main St, Bay City, MI 48732
      View Details
    • Contact for pricing
      8,189 SF

      Retail Space in Kroger Anchored Center

      Retail spaces available in Kroger-anchored shopping center on Center Avenue.
      2910-2992 Center Ave, Essexville, MI 48732
      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.
    863 Pne Rd
    Essexville, MI 48732-2159
    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.