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    8990 Birch Run Rd Millington, MI 48746
    Property profile & analytics

    8990 Birch Run Rd, Millington, MI 48746

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    • Commercial real estate
    • 1,712 SF
    • 20.00 lot acres
    Off-Market
    Property ID
    US43-2307243
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8990 Birch Run Rd

    Year built
    1940
    Lot size
    20.00 lot acres
    Property type
    Commercial real estate
    APN
    003021300090001

    Description

    This exceptional 20-acre commercial and farm property, located at 8990 Birch Run Rd, Millington, MI 48746, presents a unique investment opportunity. The 1,712 square foot retail building, constructed in 1940 and extensively renovated in 2024, boasts two stories and offers ample space for a variety of commercial uses. The property includes a large barn and several outbuildings, ideal for agricultural pursuits or storage. The 17 tillable acres provide significant potential for farming operations. Recent upgrades include a complete kitchen and bathroom remodel (2024), a renovated heated Michigan room (2024), and a new one-year home warranty with a full-price offer. The property features two parking spaces and a well, septic system, and roof all approximately 12 years old. Its convenient location offers easy access to the expressway, with Birch Run, Frankenmuth, and Clio within 10 minutes. The property is served by the Millington School district. The land value is $221 per square foot. The APN is 003021300090001. This versatile property is perfect for a buyer seeking a blend of commercial and agricultural potential. Don't miss this chance to own a piece of Michigan's thriving countryside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Millington
    County
    Tuscola
    State
    Michigan
    Longitude
    -83.660861
    Latitude
    43.2514169

    Comparable in this City

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    • $199,500

      Millington Mixed-Use Opportunity

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      Secluded Land in Big Buck Alley

      17+ acre wooded parcel perfect for recreation or building.
      0000 Birch Run Rd, Millington, MI 48746
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    • $154,900
      Pending

      Heavily Wooded Millington Land Parcel

      25.25-acre wooded parcel with stream, ideal for hunting.
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    Similar Nearby for Sale

    • $52,900

      Two Acres Premium Land

      Two acres of land on paved road with heavy cover.
      9361 Birch Run Rd, Millington, MI 48746
      View Details
    • $199,500

      Millington Mixed-Use Opportunity

      Updated commercial building with income potential in downtown Millington.
      8516 State Rd, Millington, MI 48746
      View Details
    • Contact for pricing
      800 SF

      Established Auto Salvage Yard

      Thriving auto salvage yard on 10+ acres in Millington.
      7653 Vassar Rd, Tuscola, MI 48746
      View Details
    • Contact for pricing

      Secluded Land in Big Buck Alley

      17+ acre wooded parcel perfect for recreation or building.
      0000 Birch Run Rd, Millington, MI 48746
      View Details
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    Millington, MI 48746
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    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.

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