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    Property profile & analytics

    961 Shawnee Rd Berrien Springs, MI 49103

    • Manufacturing properties
    • 2,064 SF
    • 16.10 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3709080
    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

    • Manufacturing properties

    Property Details for 961 Shawnee Rd

    Year built
    2014
    Lot size
    16.10 lot acres
    Property size
    2,064 SF
    Zone code
    AR
    Property type
    Manufacturing properties
    APN
    15-0017-0013-12-5
    APU
    1500170013125

    Description

    This exceptional 3,125 square foot retail property presents a unique investment opportunity in Berrien Springs, Michigan. Located at 961 E Shawnee Rd, this single-tenant building sits on a generous 16.1 acres of land in Berrien County, offering significant potential for expansion or future development. The property's existing structure provides ample space for a thriving winery or brewery operation, with all the necessary infrastructure already in place. The convenient location in Berrien Springs ensures high visibility and accessibility for customers. The property is zoned for retail use, making it ideal for a variety of businesses within the food and beverage industry. This is a rare chance to acquire a well-established property with significant acreage in a desirable location. The substantial land area provides ample room for outdoor seating, parking, or future expansion projects. The building's 3,125 square feet offers a versatile layout adaptable to various business needs. This turnkey operation is ready for a new owner to take the reins and capitalize on its existing success or to reimagine its potential. The property's location in Berrien County, Michigan, offers a strong local market and access to regional tourism. With its prime location and substantial land, this property represents a compelling investment opportunity for those seeking a foothold in the thriving Michigan wine and beverage industry. The zip code is 49103. The property's coordinates are 41.9440755 latitude and -86.4348035 longitude.

    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
    Berrien Springs
    County
    Berrien
    State
    Michigan
    Longitude
    -86.4337
    Latitude
    41.9441
    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
    $7,378
    $0.00
    $0.00
    $152,200
    -
    $0.00
    $0.00
    $304,400

    Comparable in this City

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    • Value Estimation by Request
      10,201 SF

      9886 Tudor Rd

      MANUFACTURING (LIGHT) • 10,201 SF
      9886 Tudor Rd, Berrien Springs, MI 49103-9678
      View Details
    • Value Estimation
      $660,000
      45,778 SF

      9176 Kephart Ln

      MANUFACTURING (LIGHT) • 45,778 SF
      9176 Kephart Ln, Berrien Springs, MI 49103
      View Details
    • Value Estimation by Request
      4,160 SF

      8589 Hollywood Rd

      MANUFACTURING (LIGHT) • 4,160 SF
      8589 Hollywood Rd, Berrien Springs, MI 49103-9713
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    • Value Estimation
      $620,000
      35,240 SF

      10106 Tudor Rd

      MANUFACTURING (LIGHT) • 35,240 SF
      10106 Tudor Rd, Berrien Springs, MI 49103-9634
      View Details
    • Value Estimation by Request
      17,075 SF

      Tudor Rd

      MANUFACTURING (LIGHT) • 17,075 SF
      Tudor Rd, Berrien Springs, MI 49103
      View Details

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    961 Shawnee Rd
    Berrien Springs, MI 49103
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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.

    More about this property
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