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    For Sale (13)

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    Commercial/Industrial Building in Clinton Township
    $1,400,000
    9,755 SF

    Commercial/Industrial Building in Clinton Township

    Multi-use commercial building with high traffic and ample parking.

    35850 Utica Rd, Clinton Township, MI 48035
    View details
    Cleared Lot in Farmington Hills
    $50,000
    0.20 Acres

    Cleared Lot in Farmington Hills

    Cleared, ready-to-build lot in a desirable Farmington Hills neighborhood.

    Rockcastle St, Farmington Hills, MI 48336
    View details
    Wooded Land Near Higgins Lake
    Contact for pricing
    0.70 Acres

    Wooded Land Near Higgins Lake

    Vacant 0.7 acre wooded parcel near Higgins Lake State Park.

    Pocahontas Ave, Roscommon, MI 48653
    View details
    Detroit Multi-Family Investment Opportunity
    Contact for pricing
    2,602 SF

    Detroit Multi-Family Investment Opportunity

    Two-story multi-family property with strong rental potential in Detroit.

    5014 Saint Clair St, Detroit, MI 48213
    View details
    Residential Land with Bay Views
    $199,900
    0.16 Acres

    Residential Land with Bay Views

    Vacant lot for building a dream home with lake frontage.

    River Rd N, Harrison Twp, MI 48045
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    Lenox Vacant Agricultural Land
    $525,000
    59.30 Acres

    Lenox Vacant Agricultural Land

    59.3 acres of vacant wooded land with income potential.

    29 29 Mile Rd, Lenox, MI 48050
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    Detroit Duplex: Investment Opportunity
    $74,900
    2,296 SF

    Detroit Duplex: Investment Opportunity

    Two-unit property in Detroit with strong rental income potential.

    1615 Taylor St, Detroit, MI 48206
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    Lenox Vacant Agricultural Land
    $575,000
    59.30 Acres

    Lenox Vacant Agricultural Land

    59.3 acres of vacant wooded land near I-94.

    29 29 Mile Rd, Lenox, MI 48050
    View details
    Marysville Commercial Building on Corner Lot
    $160,000
    1,750 SF

    Marysville Commercial Building on Corner Lot

    Freestanding 1,750 sq ft commercial building on 0.49-acre corner lot.

    10 Gratiot Blvd, Marysville, MI 48040
    View details
    Residential Land in Clinton Township
    $80,000
    0.61 Acres

    Residential Land in Clinton Township

    Wooded residential lot in a desirable Clinton Township location.

    36069 Eaton Dr, Clinton Township, MI 48035
    View details
    Updated Condo in Quiet Wayne
    Contact for pricing

    Updated Condo in Quiet Wayne

    Updated 2-bedroom condo with modern amenities and spacious layout.

    33090 Forest Park Dr, Wayne, MI 48184
    View details
    St. Clair Shores Duplex
    $269,900

    St. Clair Shores Duplex

    Duplex with updated units, great cash flow potential.

    20351 E 8 Mile Rd, St Clair Shores, MI 48080
    View details
    Detroit Multifamily Investment Opportunity
    Contact for pricing

    Detroit Multifamily Investment Opportunity

    Two-unit property in Detroit with strong rental potential.

    5014 Saint Clair St, Detroit, MI 48213
    View details

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    CJV Real Estate
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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
    CJV Real Estate
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