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Property profile & analytics
OFF-MARKET
Estimated value
$5,945,000
Warehouses
9111 17th Mile Rd Marshall, MI 49068-9794
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-4066323
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Total area
39,880 SF
Lot
8.14 ac (354,578 SF)
Zoning code
COMMERC
APN
11-114-024-00
UPID
US43-4066323
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Prestige Storage - Marshall Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.95M
Owner & transaction history
Space Squared Self Storage Marshall · 6 yrs held
Space Squared Self Storage Marshall
since 2020
Last sale
$5.8M
6 recorded transactions
Zoning & alternative use
COMMERC · Marshall, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Marshall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshall submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,265,000
6.5%
$5,780,000
7%
$5,370,000
Blend value · Realmo final
$5.95M
Range $5.35M – $6.54M · ±10% · vs last sale $5.80M (Jul 2 2020)
Last sale anchor
$5.80M
Jul 2 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$13,683
Tax year 2020
Assessed value
$704,400
Assessed 2024
Previous assessed
$714,800
-1.5% YoY
Effective rate
1.94%
On assessed value
Total market value
$1,408,800
Applied tax rate
13,110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Stories
1
Total area
39,880 SF
Lot
8.14 ac (354,578 SF)
Zoning code
COMMERC
APN
11-114-024-00
UPID
US43-4066323
Jurisdiction
CALHOUN
Zoning & alternative use
COMMERC · Marshall, MI
Zoning COMMERC · permitted uses
COMMERC · Marshall, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshall. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
FORCED AIR
Stories
1
Lot
8.14 ac
Current owner
From public records · entity-resolved
Space Squared Self Storage Marshall
Individual
Mailing address
PO BOX 16281, COLUMBUS, OH 43216-6281
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
$200,000
Space Squared Self Storage Marshall
James F Fleming
Warranty Deed
$25,000 · Independent Bank
Jun 30, 2020
$340,000
Walters Dimmick Petroleum INC
Space Squared Self Storage Marshall
Warranty Deed
—
Feb 7, 2020
—
Space Squared Self Storage Marshall
James F Fleming
Warranty Deed
$2,187,500 · Independent Bank
Oct 15, 2013
—
James F Fleming
The Storage Vault LLC
Quit Claim Deed
related
—
Oct 7, 2010
$435,000
The Storage Vault LLC
Ardent Service Corporation
Other
$335,000 · First Place Bank
Jun 29, 2010
—
Ardent Service Corporation
Timothy J Miller
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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