Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    (313) 884-7000
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Residential Multi Family
    • Residential
    • Commercial Sale

    Listings

    For Sale (30)

    View map
    Grosse Pointe Park Remodeled Duplex
    $535,000
    2,604 SF

    Grosse Pointe Park Remodeled Duplex

    Remodeled duplex near waterfront parks, ideal for investors.

    796-798 Harcourt Rd, Grosse Pointe Park, MI 48230
    View details
    Residential Land in Pingree Park
    $30,000
    0.21 Acres

    Residential Land in Pingree Park

    Vacant land with frontage on Van Dyke in Detroit.

    4600 Van Dyke St, Detroit, MI 48214
    View details
    Detroit Retail Space on Eight Mile
    $174,000
    2,000 SF

    Detroit Retail Space on Eight Mile

    Former nail salon on busy Eight Mile Road.

    8235 W 8 Mile Rd, Detroit, MI 48221
    View details
    Harsens Island Vacant Land
    $35,000
    0.61 Acres

    Harsens Island Vacant Land

    Vacant lot on Harsens Island, backs to canal.

    2039 Golf Course Rd, Harsens Island, MI 48028
    View details
    Roseville Office/Medical Space For Sale
    $139,000
    1,525 SF

    Roseville Office/Medical Space For Sale

    Well-maintained 1,525 SF office/medical space near I-94 and I-696.

    25650 Kelly Rd, Roseville, MI 48066
    View details
    Residential Lot in Marine City
    Contact for pricing
    0.15 Acres

    Residential Lot in Marine City

    Vacant land suitable for building a new home.

    Scott St, Marine City, MI 48039
    View details
    Detroit Duplex Investment Opportunity
    $159,000
    988 SF

    Detroit Duplex Investment Opportunity

    Package deal: 5 duplexes, 10 units, same block!

    21800-02 Moross Rd, Detroit, MI 48236
    View details
    Detroit Duplex Investment Opportunity
    $159,000
    1,076 SF

    Detroit Duplex Investment Opportunity

    Package deal: 5 duplexes, 10 units, same block!

    21806-14 Moross Rd, Detroit, MI 48236
    View details
    Waterfront Land on Forest Lake
    $68,000
    0.42 Acres

    Waterfront Land on Forest Lake

    Waterfront lot perfect for a lakefront retreat or weekend getaway.

    S Forest Lake Dr, Alger, MI 48610
    View details
    Detroit Duplex with Garage
    $185,000
    1,092 SF

    Detroit Duplex with Garage

    Well-maintained brick duplex near Henry Ford St. John Hospital.

    21820-28 Moross Rd, Detroit, MI 48236
    View details
    Riverfront Lot with Steel Seawall
    $200,000
    0.54 Acres

    Riverfront Lot with Steel Seawall

    Vacant 0.54-acre riverfront lot with steel seawall ready to build.

    00000 N Channel Dr, Harsens Island, MI 48028
    View details
    Harsens Island Vacant Land
    $149,000
    15.00 Acres

    Harsens Island Vacant Land

    15 acres of vacant land on Harsens Island.

    Harsens Island, MI 48028
    View details
    Renovated Duplex in Grosse Pointe
    $260,000
    1,140 SF

    Renovated Duplex in Grosse Pointe

    Turnkey duplex with access to waterfront parks near Detroit.

    1083 Lakepointe St, Grosse Pointe Park, MI 48230
    View details
    40 Acres Vacant Land
    $299,500
    40.00 Acres

    40 Acres Vacant Land

    40 acres of land with wooded backdrop and tillable area.

    Meisner Vl, East China, MI 48054
    View details
    Vacant Land in Sears, MI
    $185,000
    41.82 Acres

    Vacant Land in Sears, MI

    42 acres of vacant land ideal for hunting and recreation.

    23093 30Th Ave, Sears, MI 49679
    View details
    14 Acres Vacant Land
    $90,000
    14.29 Acres

    14 Acres Vacant Land

    14 acres of vacant land suitable for residential development.

    V/L Michigan, Marysville, MI 48040
    View details
    Grosse Pointe Park Multifamily Property
    $375,000
    2,083 SF

    Grosse Pointe Park Multifamily Property

    Well-maintained duplex with two units in desirable Grosse Pointe Park.

    1163-1165 Maryland St, Grosse Pointe Park, MI 48230
    View details
    East China Vacant Land Parcel
    $100,000
    4.88 Acres

    East China Vacant Land Parcel

    4.88-acre improved property ready for your dream home!

    3283 Mckinley Rd, East China, MI 48054
    View details
    Detroit Duplex with Income Potential
    $75,000
    974 SF

    Detroit Duplex with Income Potential

    Side-by-side duplex with separate utilities and immediate income potential.

    16666 E 8 Mile Rd, Detroit, MI 48205
    View details
    Wooded Vacant Lot Near Lake
    Contact for pricing
    0.35 Acres

    Wooded Vacant Lot Near Lake

    Wooded 0.35-acre vacant lot near Houghton Lake, Michigan.

    00 Breckenridge Dr, Houghton Lake, MI 48629
    View details
    Detroit Development Opportunity Near Grosse Pointe
    $350,000
    0.83 Acres

    Detroit Development Opportunity Near Grosse Pointe

    Large parcel for development bordering Grosse Pointe Park.

    2500 Alter Rd, Detroit, MI 48215
    View details
    Detroit Duplex Investment Opportunity
    $159,000
    875 SF

    Detroit Duplex Investment Opportunity

    Package deal: 5 duplexes, 10 units, same block.

    21718-20 Moross Rd, Detroit, MI 48236
    View details
    Port Huron Vacant Land
    $34,900
    1.40 Acres

    Port Huron Vacant Land

    1.412 acre residential land in Port Huron Township.

    Wall St, Port Huron, MI 48060
    View details
    Saint Clair Vacant Wooded Land
    $99,900
    5.88 Acres

    Saint Clair Vacant Wooded Land

    Almost 6 acres of wooded land to build your dream home.

    Vl S Bartlett, Saint Clair, MI 48079
    View details
    Wooded Acreage Near Township Park
    $149,900
    27.62 Acres

    Wooded Acreage Near Township Park

    27+ acre wooded land parcel ideal for residential development.

    0000 Taft Rd, Clay, MI 48001
    View details
    Residential Lot in Marine City
    Contact for pricing
    0.15 Acres

    Residential Lot in Marine City

    Vacant land suitable for building a new home.

    Chartier, Marine City, MI 48039
    View details
    Commercial Land in Kimball, MI
    $199,000
    6.55 Acres

    Commercial Land in Kimball, MI

    6.55 acre commercial land parcel with frontage on Lapeer Rd.

    0000 V/L Lapeer, Kimball, MI 48074
    View details
    Charming Duplex with Investment Potential
    $200,000
    1,960 SF

    Charming Duplex with Investment Potential

    Townhouse-style duplex with hardwood floors near downtown Wayne.

    35230 Chestnut St, Wayne, MI 48184
    View details
    Side-by-Side Duplex with Income Potential
    $75,000

    Side-by-Side Duplex with Income Potential

    Duplex with separate utilities and immediate income potential.

    16666 E Eight Mile Rd, Detroit, MI 48205
    View details
    Secluded Acreage in Sears Countryside
    $185,000

    Secluded Acreage in Sears Countryside

    42 acres ideal for recreation, hunting, or a retreat.

    23093 30Th Ave, Sears, MI 49679
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Sine & Monaghan, Realtors
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Sine & Monaghan, Realtors
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!