518 W Michigan Ave, Three Rivers, MI 49093 - Valuation report, cap rates, free data
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518 W Michigan Ave, Three Rivers, MI 49093

Indicative value *
$0.1M - $0.1M
* This indicative valuation is based on sales of other properties in the area, where data is available (see interactive map in the Sales Transactions tab below). For more accurate valuation, please request
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C
Overall location
score
53
Value decline
risk score
13
Value growth
potential score
  • Residential district area with 74% of people residing in the area and 26% commuting here for work
  • Gentrifying area
  • Close to highway, highway score is 91 (out of 100)
  • A number of amenities in the area, but not many
  • Area has average popularity with foot traffic score of 42 (out of 100)
  • A number of amenities within walking distance but not many, including restaurants L.A.'s Coffee Cafe, Pizza Hut
  • Low retail growth
  • Low household income of $38,275/year in 0.3mi and medium household income of $43,695/year in 3mi
  • Low population density of 1,568/sq.mi. in 0.3mi and 364/sq.mi. in 3mi
  • Limited public transit with transit score of 0 (out of 100)
  • Limited business growth
  • Population has low level of education with 15% of people with bachelor degrees
  • Small-sized business tenants in the area, including Three Rivers Health System Inc., Armstrong - Veris Flow Measurement Group, Mti - Three Rivers Gray Iron, Dr. Corey Crochiere, Bgh Inc. Dba Holiday Inn Express, Malinoski & Associates DDS PC
  • USA / Michigan / 49093 / 518 W Michigan Ave, Three Rivers, MI 49093, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    1410
    92
    11.81
    03/05/20
    Retail
    750
    26
    14.46
    03/02/20
    Retail
    640
    59
    24.06
    03/02/20
    Retail
    972
    39
    36.55
    03/02/20
    Retail
    1290
    108
    10.79
    02/13/20
    Retail
    2365
    30
    52.41
    12/27/19
    Retail
    1065
    305
    2.82
    12/17/19
    Retail
    2564
    117
    11.53
    11/12/19
    Retail
    272
    529
    11/12/19
    Retail
    735
    136
    11/01/19
    Retail
    735
    136
    11/01/19
    Retail
    2564
    90
    14.82
    10/10/19
    Retail
    1407
    24
    53.59
    07/02/19
    Retail
    860
    26
    51.27
    06/11/19
    Retail
    2344
    51
    23.73
    05/30/19
    Retail
    2400
    29
    34.04
    05/09/19
    Retail
    864
    57
    24.46
    04/23/19
    Retail
    1763
    36
    33.34
    04/17/19
    Retail
    2040
    36
    10.91
    04/02/19
    Retail
    2002
    15
    93.34
    03/01/19
    Retail
    2450
    112
    02/28/19
    Retail
    624
    144
    7.03
    11/08/18
    Retail
    2368
    21
    44.88
    11/01/18
    Retail
    2645
    27
    14.04
    08/20/18
    Retail
    2480
    151
    9.87
    08/08/18
    Retail
    1400
    21
    62.83
    08/06/18
    Retail
    2460
    121
    3.74
    06/26/18
    Retail
    520
    76
    8.64
    06/11/18
    Retail
    1722
    37
    35.68
    04/26/18
    Retail
    2400
    85
    9.48
    04/20/18
    Retail
    1208
    30
    43.95
    04/16/18
    Retail
    1485
    24
    61.55
    01/31/18
    Retail
    2088
    81
    15.96
    01/25/18
    Retail
    1421
    35
    36.26
    11/09/17
    Retail
    2460
    50
    4.07
    09/21/17
    Retail
    1107
    112
    12.65
    09/21/17
    Retail
    2296
    119
    08/24/17
    Retail
    2736
    20
    49.32
    05/02/17
    Retail
    1836
    27
    48.79
    04/06/17
    Retail
    1726
    405
    3.06
    04/03/17
    Retail
    1280
    39
    33.27
    03/28/17
    Retail
    2400
    62
    14.49
    03/22/17
    Retail
    576
    243
    5.68
    03/03/17
    Retail
    1320
    26
    7.81
    02/23/17
    Retail
    2400
    67
    19.24
    02/22/17
    Retail
    1955
    83
    15.68
    02/22/17
    Retail
    2160
    18
    67.67
    02/09/17
    Retail
    1891
    251
    4.49
    01/05/17
    Retail
    1900
    123
    12/29/16
    Retail
    216
    92
    3.76
    12/14/16
    Retail
    Estimated cap rates are calculated assuming current average market rents, market vacancy, and average costs for each property. Actual cap rates may differ substantially if the property had lower or higher rents than average for the market, or had a higher or lower than market vacancy, or costs
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