Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unknown Owosso, MI 48867
    Property profile & analytics

    Unknown Owosso, MI 48867

    View on Map
    • Office buildings
    • 1,056 SF
    • 0.36 lot acres
    For Sale
    $125,000
    View Listing →
    Commercial Development Opportunity Near Kroger For Sale
    $125,000
    1,056 SF

    Commercial Development Opportunity Near Kroger

    Former chiropractic clinic with office space and ample parking.

    255 N Hintz, Owosso, MI 48867
    View Listing
    Property ID
    US43-3785961
    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

    • James D. Parker, DC / Alternative Medicine Practice

    Property Details for Unknown

    Year built
    1965
    Lot size
    0.36 lot acres
    Property size
    1,056 SF
    Property type
    Office buildings
    APN
    007-48-085-000
    APU
    748085000

    Description

    This exceptional 1,056 square foot industrial property presents a remarkable commercial development opportunity in Owosso, Michigan. Situated on two parcels totaling 0.3 acres (120' x 130'), this former chiropractic clinic enjoys a highly visible location directly across from a Kroger shopping center, ensuring significant foot and vehicle traffic. The building itself offers ample space with three to four exam rooms, a spacious reception area, and abundant parking for eleven vehicles. A direct entrance adjacent to the Kroger further enhances accessibility and visibility. The substantial lot size provides significant room for expansion or future development, making this an ideal investment for a variety of commercial uses. The property's prime location and existing infrastructure offer immediate potential for a range of businesses seeking high visibility and convenient access. The asking price is $150,000. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area. Serious inquiries are encouraged.

    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
    Owosso
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.1483
    Latitude
    42.9994
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, 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
    2024
    $1,570
    $0.00
    $0.00
    $48,000
    -
    $0.00
    $0.00
    $96,000

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      1089 M 21

      OFFICE BUILDING • 1,280 SF
      1089 M 21, Owosso, MI 48867-9014
      View Details
    • Value Estimation by Request
      3,200 SF

      1067 M 21

      OFFICE BUILDING • 3,200 SF
      1067 M 21, Owosso, MI 48867-9014
      View Details
    • Value Estimation by Request
      1,308 SF

      1026 M 21

      OFFICE BUILDING • 1,308 SF
      1026 M 21, Owosso, MI 48867-9007
      View Details
    • Value Estimation by Request
      2,500 SF

      1243 M 21

      OFFICE BUILDING • 2,500 SF
      1243 M 21, Owosso, MI 48867-9038
      View Details
    • Value Estimation by Request
      2,320 SF

      1060 M 21

      OFFICE BUILDING • 2,320 SF
      1060 M 21, Owosso, MI 48867-9008
      View Details
    • Value Estimation by Request
      10,720 SF

      1350 M 21

      OFFICE BUILDING • 10,720 SF
      1350 M 21, Owosso, MI 48867-8000
      View Details

    Similar Nearby for Sale

    • $525,000
      10,369 SF

      Downtown Owosso Retail Building

      High-traffic, fully occupied investment
      204 Main St, Owosso, MI 48867
      View Details
    • $875,000
      35,775 SF

      Shopping Mall with Rental Income

      Shopping mall with established tenants and potential for growth.
      201 S Washington St, Owosso, MI 48867
      View Details
    • $549,900

      Restored Building on M-21

      Commercial building on almost 5 acres, move-in ready.
      2250 E M 21, Owosso, MI 48867
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      15,973 SF

      Updated Office Space by River

      Move-in ready office campus with modern upgrades and ample parking.
      621 W Oliver St, Owosso, MI 48867
      View Details
    • $120 SF/Yr
      1,622 SF

      Prime Owosso Office/Retail Space

      Newly renovated, high-traffic location.
      2005 Main St, Owosso, MI 48867
      View Details
    • $18 SF/Yr

      Downtown Owosso Medical Office Space

      Medical office space in downtown Owosso, excellent visibility.
      208 North Shiawassee St, Owosso, MI 48867
      View Details
    • Contact for pricing

      Downtown Owosso Commercial Space Available

      Versatile commercial space in downtown Owosso, suitable for various businesses.
      211 N Ball St, Owosso, MI 48867
      View Details
    • Contact for pricing

      Commercial Land in Retail Corridor

      Land for rent in a primary retail corridor.
      E Main St, Owosso, MI 48867
      View Details
    View Listing
    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.
    Unknown
    Owosso, MI 48867
    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

    Thank You for Inquiry
    Unknown, Owosso, MI, 48867
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!