601 W Hoffman St, Three Rivers, MI 49093 - Valuation report, cap rates, free data
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601 W Hoffman St, Three Rivers, MI 49093

Indicative value *
$0.2M - $0.2M
* 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
47
Value decline
risk score
9
Value growth
potential score
  • Gentrifying area
  • On a highway, highway score is 99 (out of 100)
  • Large-sized business tenants in the area, including Armstrong - Veris Flow Measurement Group
  • Neighbors include: Bank Of America
  • Mix of residential and commercial buildings with 45% of people residing in the area and 55% commuting here for work
  • A number of amenities in the area, but not many
  • Medium household income of $45,546/year in 0.3mi and $45,521/year in 3mi
  • A number of amenities within walking distance but not many, including restaurants Spencer's Grill
  • Not popular area with foot traffic score of 0 (out of 100)
  • Low retail growth
  • Low population density of 743/sq.mi. in 0.3mi and 371/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 17% of people with bachelor degrees
  • USA / Michigan / 49093 / 601 W Hoffman St, Three Rivers, MI 49093, USA Sign up for free property alerts
    Size
    Price
    $/SF
    Estimated
    cap rate
    Date
    Type
    4500
    53
    07/22/19
    Retail
    2344
    51
    23.73
    05/30/19
    Retail
    4240
    11
    104.56
    03/12/18
    Retail
    2296
    119
    08/24/17
    Retail
    4020
    18
    67.21
    07/18/17
    Retail
    4920
    56
    22.04
    07/18/17
    Retail
    3360
    83
    15.05
    07/18/17
    Retail
    2640
    56
    19.16
    05/26/17
    Retail
    2800
    250
    4.95
    04/03/17
    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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    Retail Landscape

    Foot traffic

    Population Density

    Income

    Business Density

    Salaries

    Highways

    Public Transit

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