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    Listings

    For Sale (19)

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    Residential Land in Inkster, MI
    Contact for pricing

    Residential Land in Inkster, MI

    Residential land for sale in Inkster, Michigan.

    4120 Ash St, Inkster, MI 48141
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    Residential Land in Inkster, MI
    $47,900

    Residential Land in Inkster, MI

    Large lot available for building a dream home.

    0000 Ross Ross, Inkster, MI 48141
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    Residential Land in Highland Twp
    Contact for pricing
    0.10 Acres

    Residential Land in Highland Twp

    Vacant 0.10-acre residential lot in Highland Twp, Michigan.

    White Lake Rd, Highland Twp, MI 48356
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    Detroit Trucking Business Real Estate
    $2,999,000
    30,000 SF

    Detroit Trucking Business Real Estate

    Operating trucking business with warehouses and repair shops on 5.5 acres.

    15800 Tireman St, Detroit, MI 48228
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    Industrial Property in Jackson, MI
    $1,300,000
    66,898 SF

    Industrial Property in Jackson, MI

    Industrial property available for sale in Jackson, Michigan.

    665 Hupp Ave, Jackson, MI 49203
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    Prime Corner Lot in Canton
    $550,000
    0.60 Acres

    Prime Corner Lot in Canton

    Commercial 0.60-acre vacant lot on a hard corner.

    7125 N Lilley Rd, Canton Twp, MI 48187
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    Turnkey Automotive Facility in Detroit
    $1,250,000
    4,500 SF

    Turnkey Automotive Facility in Detroit

    Modernized automotive facility with multiple income streams in a prime location.

    17321 W Mcnichols Rd, Detroit, MI 48235
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    Vacant Land Ready For Development
    Contact for pricing

    Vacant Land Ready For Development

    Prime vacant lot in Detroit, MI, ready for development.

    4518 Pennsylvania St, Detroit, MI 48214
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    Two-Unit Brick Home in Detroit
    $41,900
    1,764 SF

    Two-Unit Brick Home in Detroit

    Two-unit brick home near Coleman A. Young Airport.

    12614 Promenade St, Detroit, MI 48213
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    Detroit Mixed-Use Investment Opportunity
    $429,000
    2,992 SF

    Detroit Mixed-Use Investment Opportunity

    Commercial building with retail storefront and fully leased residential units.

    15811 W Warren Ave, Detroit, MI 48228
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    Commercial Property with Kitchen Infrastructure
    $469,000
    6,745 SF

    Commercial Property with Kitchen Infrastructure

    Commercial property in Taylor, MI, featuring kitchen infrastructure.

    25621 Ecorse Rd, Taylor, MI 48180
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    Detroit Commercial Property with Auto Shops
    $600,000
    12,949 SF

    Detroit Commercial Property with Auto Shops

    Commercial property featuring four auto shops with mechanic and collision licenses.

    7715 Tireman St, Detroit, MI 48204
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    Detroit Commercial/Industrial Multi-Use Property
    $989,000
    6,108 SF

    Detroit Commercial/Industrial Multi-Use Property

    Versatile commercial and industrial property in Detroit, ideal for redevelopment.

    12700 Schaefer Hwy, Detroit, MI 48227
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    Commercial Property on Van Dyke Road
    $240,000
    1,143 SF

    Commercial Property on Van Dyke Road

    Commercial property for sale in a high-traffic location.

    70941 Van Dyke Rd, Bruce, MI 48065
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    Canton Twp Industrial Vacant Land
    $1,900,000

    Canton Twp Industrial Vacant Land

    Industrial vacant land available in Canton Twp, Michigan.

    Yost Rd E, Canton Twp, MI 48188
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    Industrial Land with Hancock Frontage
    Contact for pricing
    182,690 SF

    Industrial Land with Hancock Frontage

    4.194 acre industrial development property with excellent access.

    13400 Hancock Dr, Taylor, MI 48180
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    Tireman Detroit Trucking Business Property
    $2,999,000
    30,000 SF

    Tireman Detroit Trucking Business Property

    7.96 acres with active trucking business and warehouses.

    15800 Tireman St, Detroit, MI 48228
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    Ecorse Road Commercial Kitchen Opportunity
    $469,000
    6,745 SF

    Ecorse Road Commercial Kitchen Opportunity

    Commercial kitchen infrastructure, blank canvas for new business or redevelopment.

    25621 Ecorse Rd, Taylor, MI 48180
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    Land For Sale
    Contact for pricing

    Land For Sale

    Land available for sale.

    18 W Broadway St, Ecorse, MI 48229
    View details

    For Lease (4)

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    Dearborn Commercial Space For Lease
    $2,200 / Mo
    9,500 SF

    Dearborn Commercial Space For Lease

    Commercial space suitable for office, medical, or retail use.

    6307 Schaefer Rd, Dearborn, MI 48126
    View details
    Renovated Corner Building in Detroit
    $2,650 / Mo
    2,910 SF

    Renovated Corner Building in Detroit

    Renovated corner building in Detroit's Warrendale area, approximately 3000 sqft.

    18900 W Warren Ave, Detroit, MI 48228
    View details
    Two-Story Warehouse in Dearborn, MI
    $7,000 / Mo
    7,200 SF

    Two-Story Warehouse in Dearborn, MI

    7200 SF warehouse suitable for contractors, distributors, and storage.

    6255 Schaefer Rd, Dearborn, MI 48126
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    Dearborn Commercial Space for Rent
    $4,500 / Mo
    2,400 SF

    Dearborn Commercial Space for Rent

    2400 sq ft commercial space suitable for office, medical, retail.

    6307-6309 Schaefer Rd, Dearborn, MI 48126
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    Leases and Sales on Map

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    Request Owner's contact information
    Empire Realty Group Inc.
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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
    Empire Realty Group Inc.
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