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    Remerica Integrity II Realty

    41000 7-Mile Rd ste 105, Northville, MI 48167
    (734) 216-9333
    Web Site
    Size: 10+ agents

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    Property Types

    • Commercial Sale
    • Land
    • Residential
    • Commercial Lease

    Listings

    For Sale (11)

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    Walled Lake Commercial Opportunity
    $275,000
    1,132 SF

    Walled Lake Commercial Opportunity

    Commercial building and established business for sale in Walled Lake.

    121 E Walled Lake Dr, Walled Lake, MI 48390
    View details
    Farmington Hills Multi-Family Investment
    $760,000
    6,555 SF

    Farmington Hills Multi-Family Investment

    Fully occupied 6-unit apartment building in Farmington Hills.

    21304 Ontaga St, Farmington Hills, MI 48336
    View details
    Detroit Mixed-Use Property For Sale
    $200,000
    3,150 SF

    Detroit Mixed-Use Property For Sale

    Versatile mixed-use property with high-traffic location and ample parking.

    23806 Grand River Ave, Detroit, MI 48219
    View details
    Waterfront Land on Strawberry Lake
    $589,000
    3.00 Acres

    Waterfront Land on Strawberry Lake

    3-acre waterfront parcel with utilities on Strawberry Lake.

    10239 Kress Rd, Pinckney, MI 48169
    View details
    Vacant Land in Prime Location
    $1,475,000

    Vacant Land in Prime Location

    Exceptional vacant parcel in Northville with serene water features.

    607 Fairbrook St, Northville, MI 48167
    View details
    Commercial Land on High-Traffic Road
    $149,900
    0.38 Acres

    Commercial Land on High-Traffic Road

    Commercial-zoned land with high visibility and frontage.

    N Middlebelt Rd, Westland, MI 48185
    View details
    Residential Land in Green Oak
    Contact for pricing
    0.68 Acres

    Residential Land in Green Oak

    0.68 acre residential lot in Green Oak Township, Michigan.

    12192 Doane Rd, Green Oak Twp, MI 48178
    View details
    Prime Corner Land Opportunity
    $1,199,900
    15.90 Acres

    Prime Corner Land Opportunity

    15.9 acres at a busy intersection with commercial/residential zoning.

    7 7 Mile Rd, South Lyon, MI 48178
    View details
    Canton Township Industrial Land
    $200,000
    3.83 Acres

    Canton Township Industrial Land

    3.83 acres of light industrial land in Canton Township.

    Lotz Rd S, Canton Twp, MI 48188
    View details
    Rare 160+ Acre Land Parcel
    $2,949,900
    160.00 Acres

    Rare 160+ Acre Land Parcel

    160+ acre land with woods, ponds, house, and barn.

    9343 5 Mile Rd, South Lyon, MI 48178
    View details
    Downtown Brighton Development Opportunity
    $700,000
    0.19 Acres

    Downtown Brighton Development Opportunity

    Three Parcels, Mixed-Use Potential

    212 East St, Brighton, MI 48116
    View details

    For Lease (1)

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    Westland Retail/Office/Medical Space Available
    $2,300 / Mo
    1,500 SF

    Westland Retail/Office/Medical Space Available

    1500 sq ft retail/office/medical space for lease in Westland.

    36403 Warren Rd, Westland, MI 48185
    View details

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    Remerica Integrity II Realty
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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
    Remerica Integrity II Realty
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