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    Brokers
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    • Property Lookup
    • Brokers

    Emil Cherkasov, Keego Harbor, MI

    License ID: 6502392741
    Forward Commerical Group
    Years of Experience
    7
    Association
    Greater Metropolitan Association Of Realtors

    Contact details

    Phone:
    (248) 662-5066
    Office Address:
    6785 Telegraph Rd Ste 250, Bloomfield Hills, MI, 48301

    Performance

    Listings
    27
    Total transactions
    18
    Total transactions amount
    $13M
    Price range
    $481k - 1.1M
    Average price
    $722k

    Listings

    For Sale (2)

    View map
    • $458,000

      Land For Sale Monroe

      Land available for sale in Monroe, Michigan.
      Monroe, MI
      View Details
    • $1,900,000

      Renovated Retail Center For Sale

      Fully occupied, renovated retail center on 14 Mile Road.
      1800 W 14 Mile Rd, Royal Oak, MI 48073
      View Details

    For Lease (25)

    View map
    • $15 SF/Yr
      1,983 SF

      Rochester Hills Office Space Available

      Well-maintained office building near shopping, restaurants, and Ascension Hospital.
      1460 Walton Blvd, Rochester Hills, MI 48309
      View Details
    • $500 /Mo
      250 SF

      Renovated Office Building For Rent

      Newly renovated office building with move-in ready suites available.
      1985 W Big Beaver Rd, Troy, MI 48084
      View Details
    • $500 /Mo
      888 SF

      Warren Office Building For Rent

      Three-story office building with convenient access and ample parking.
      31201 Chicago Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      10,000 SF

      Southfield Retail Space For Rent

      Centrally located retail space with direct highway access.
      21650 W 11 Mile Rd, Southfield, MI 48076
      View Details
    • $30 SF/Yr
      900 SF

      Professionally Managed Office Building

      Well-maintained three-level office building with ample parking.
      1025 E Maple Rd, Birmingham, MI 48009
      View Details
    • $12 SF/Yr
      3,302 SF

      Renovated Medical/Office Complex For Rent

      Newly renovated medical/office complex with synergy and professional management.
      17940 Farmington Rd, Livonia, MI 48152
      View Details
    • $12 SF/Yr
      1,250 SF

      Retail Space Near Lakeside Mall

      Retail space with great visibility and ample parking available for lease.
      40000 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $28 SF/Yr
      1,030 SF

      Retail Space on Woodward Avenue

      Retail space for lease with easy access and great exposure.
      33273-33277 Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing
      5,000 SF

      Retail/Multifamily Development on Big Beaver

      New retail and multifamily development with plentiful parking and easy access.
      1787 W Big Beaver Rd, Troy, MI 48084
      View Details
    • $752 /Mo

      Retail Space in Village Green Plaza

      Retail spaces available in renovated Marysville shopping center.
      2055-2323 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $3,779 /Mo

      Freestanding Retail Building Hard Corner

      Freestanding retail building in a densely populated area.
      3001 Rochester Rd, Royal Oak, MI 48073
      View Details
    • $1,188 /Mo

      Renovated Retail Space on Fort

      Retail spaces available in renovated shopping center on Fort Street.
      1071-1119 Fort St, Lincoln Park, MI 48146
      View Details
    • $1,860 /Mo

      Renovated Medical/Office Center Space

      Newly renovated medical/office center with general office space available.
      33200 Dequindre Rd, Sterling Heights, MI 48310
      View Details
    • $5,010 /Mo

      Downtown Birmingham Retail Space Available

      Retail space in luxury mixed-use building, downtown location.
      856 N Old Woodward Ave, Birmingham, MI 48009
      View Details
    • $2,682 /Mo

      Retail and Office Space Available

      Retail and medical/office space in busy plaza near M-59.
      2124 W Auburn Rd, Rochester Hills, MI 48309
      View Details
    • $300 /Mo

      Updated Office Space For Rent

      Updated office space in downtown Mt Clemens. Shared amenities.
      75 N Main St, Mount Clemens, MI 48043
      View Details
    • $1,563 /Mo

      Retail Center For Lease

      Centrally located retail center with high traffic and visibility.
      4171-4243 Old Canton Ctr Rd, Canton, MI 48188
      View Details
    • $1,875 /Mo

      Busy Retail Center For Rent

      Centrally located retail center with easy access and high traffic.
      4171-4243 Old Canton Ctr Rd, Canton, MI 48188
      View Details
    • $25,000

      Retail Space on Corner Lot

      Former Rite Aid available for ground lease or sale.
      3273 W Huron St, Waterford, MI 48328
      View Details
    • $3,438 /Mo

      Renovated Office/Medical Building Space

      Recently updated office/medical space with ample parking.
      3133 Flr Full, Commerce Township, MI 48382
      View Details
    • $4,622 /Mo

      Move-in Ready Office/Medical Space

      Newly built office/medical space with high-end finishes in Livonia.
      37500 W 7 Mile Rd, Northville, MI 48152
      View Details
    • $2,629 /Mo

      Office and Medical Suites Available

      Move-in ready office and medical suites in a desirable location.
      42450 W 12 Mile Rd Rd, Novi, MI 48377
      View Details
    • $4,050 /Mo

      Novi Office and Medical Suites

      Move-in ready office and medical suites in a desirable location.
      42450 W 12 Mile Rd Rd, Novi, MI 48377
      View Details
    • $13,067 /Mo

      Former Rite Aid with Drive-Thru

      Hard-corner retail space with drive-thru, excellent visibility and access.
      3000 Orchard Lake Rd, Keego Harbor, MI 48320
      View Details
    • $4,778 /Mo

      Industrial Flex Space For Rent

      Well-maintained flex space with ample parking and easy freeway access.
      29561 Costello Dr, New Hudson, MI 48165
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Request Owner's contact information
    Emil Cherkasov, Keego Harbor, MI
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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.

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    Emil Cherkasov, Keego Harbor, MI
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