Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    Eric Banks, Southfield, MI

    License ID: 6502360983
    Dominion Real Estate Advisors
    Association
    Commercial Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (248) 399-9999
    Office Address:
    30100 Telegraph Rd Ste 366, Franklin, MI, 48025

    Performance

    Listings
    35

    Listings

    For Sale (17)

    View map
    • Contact for pricing
      32,330 SF

      Dearborn Heights Office Building

      32,330 SF office building in Dearborn Heights, Michigan.
      8550-8565 N Silvery Ln, Dearborn Heights, MI 48127
      View Details
    • Contact for pricing

      29.3 Acres of Land

      29.3 acres of land available for sale.
      Ecorse Rd, Belleville, MI 48111
      View Details
    • Contact for pricing
      9,600 SF

      Pinewood Industrial Park Warehouse

      Warehouse with air conditioning and corporate office in Pinewood.
      3155 Dallavo Ct, Walled Lake, MI 48390
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Big Beaver Rd, Troy, MI 48084
      View Details
    • Contact for pricing
      15,000 SF

      Pontiac Office Building For Sale

      15,000 SF office building in Pontiac, Michigan.
      18 W Lawrence St, Pontiac, MI 48342
      View Details
    • Contact for pricing
      415,606 SF

      Prime Location Near Detroit Airport

      Office building with excellent freeway access and visibility.
      21001 Van Born Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Land For Sale

      5 acres of land available for purchase.
      M-5 Mile Rd, Novi, MI 48377
      View Details
    • Contact for pricing

      Land for Sale

      Land available for purchase.
      Milford Rd, Holly, MI 48442
      View Details
    • Contact for pricing

      2753 S. Milford, Highland, MI 48357

      Land
      2753 S Milford Rd, Highland, MI 48357
      View Details
    • Contact for pricing

      18 Acres of Land

      18 acres of land available for sale.
      8432 White Lake Rd, Clarkston, MI 48346
      View Details
    • Contact for pricing
      50,000 SF

      Multifamily Property in Detroit

      53-unit multifamily property available for sale in Detroit.
      City Of Detroit, Detroit, MI 48234
      View Details
    • Contact for pricing
      10,654 SF

      Highland Medical Office Complex

      Two-building medical office, 10,654 SF
      2287-2301 Milford Rd, Highland Charter Township, MI 48357
      View Details
    • Contact for pricing
      32,000 SF

      Pontiac Office Building For Sale

      32,000 SF office building available for sale in Pontiac.
      47700 Woodward Ave, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Land Available in Oakland Township

      Retail outlot available at N. Adams and Silverbell Roads.
      N Adams & Silverbell Rd, Rochester, MI 48306
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land available for sale on Ortonville Rd.
      Ortonville Rd, Brandon, MI 48462
      View Details
    • Contact for pricing

      Land For Sale Novi

      Land available for sale in Novi, Michigan.
      Grand Riv & Meadowbrook Rd, Novi, MI 48375
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2753 S Milford Rd, Highland, MI 48357
      View Details

    For Lease (18)

    View map
    • Contact for pricing

      Troy Office Space For Lease

      Office space available for lease in Troy, Michigan.
      1639 E Big Beaver Rd, Troy, MI 48083
      View Details
    • $5 SF/Yr

      Office Space Available For Rent

      Office property available for lease.
      25865 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Pontiac Office Space Available

      Office spaces available in Pontiac, ranging from 2,250 to 5,000 SqFt.
      18 W Lawrence St, Pontiac, MI 48342
      View Details
    • Contact for pricing

      Oakland Twp Office Space Available

      Upscale 2nd generation medical and general office spaces for lease.
      4986 N Adams Rd, Oakland Twp, MI 48306
      View Details
    • $15 SF/Yr
      170,610 SF

      Bingham Farms Office Space Available

      Modern Office Suites in Prime Location
      30100 Telegraph Rd, Bingham Farms, MI 48025
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Flint Township, Michigan.
      1289-1311 South Linden Rd, Flint, MI 48532
      View Details
    • $3 SF/Yr

      Industrial Space with Heavy Power

      Industrial property featuring heavy power, ample parking, and trailer storage.
      20536 N Dixie Hwy, Bowling Green, OH 43402
      View Details
    • $19 SF/Yr
      15,594 SF

      Country Creek Commons Retail Space

      Oakland Township retail center; high visibility, strong anchors.
      4818 Adams Rd, Rochester Hills, MI 48306
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Novi, Michigan.
      25500 Meadowbrook Rd, Novi, MI 48375
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in Taylor, Michigan.
      21001 Van Born Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 20300 W 12 Mile Rd.
      20300 W Twelve Mile Rd, Southfield, MI 48076
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,150 square feet.
      15560 Twelve Mile Rd, Southfield, MI 48076
      View Details
    • Contact for pricing
      415,606 SF

      Large Leased Office Building Available

      415,606 SF office building 100% leased until June 2027.
      21001 Van Born Rd, Taylor, MI 48180
      View Details
    • Contact for pricing

      Retail Space in Oakland Township

      Retail space available in well-maintained shopping center with ample parking.
      4816-4978 N Adams Rd, Oakland Township, MI 48306
      View Details
    • $615 /Mo
      271 SF

      Historic Loft Office Space

      Loft-style office in historic Daisy Air Rifle Factory building.
      340 N Main St, Plymouth, MI 48170
      View Details
    • $8 SF/Yr
      13,194 SF

      Industrial Facility with Corporate Image

      Shop and office space available in Clinton Township, Michigan.
      44810 Vic Wertz Dr, Clinton Township, MI 48036
      View Details
    • Contact for pricing

      Commercial Outlot Near Kroger, CVS

      1.3 acre outlot in neighborhood shopping center.
      4888 N Adams And Silverbell Rds, Oakland Township, MI
      View Details
    • $14 SF/Yr

      Southfield Multi-Tenant Office Building

      Multi-tenant office building available for lease in Southfield, Michigan.
      17251 W Twelve Mile Rd, Southfield, MI 48076
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Eric Banks, Southfield, MI
    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.

    Send Message to
    Eric Banks, Southfield, MI
    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

    (248) 399-9999
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!