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    Brokers
    • For Sale
    • For Lease
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    • Property Lookup
    • Brokers

    Keith Brandt, Northville, MI

    License ID: 6502406949
    Years of Experience
    19
    Association
    Greater Metropolitan Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (248) 756-2844
    Office Address:
    104 W. Main Street, Suite 301, Northville, MI

    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land

    Performance

    Listings
    25
    Total transactions
    211
    Total transactions amount
    $77M
    Price range
    $92k - 3.3M
    Average price
    $365k

    Listings

    For Sale (23)

    View map
    • $889,000
      0.26 Acres

      Northville Land: Prime Build Site

      Large lot in downtown Northville, ideal for building a home.
      248 S Center St, Northville, MI 48167
      View Details
    • $99,000
      0.86 Acres

      Residential Land in Milford, MI

      Single-family home build site near downtown Milford with river frontage.
      114 River Dr, Milford, MI 48381
      View Details
    • $299,900
      3.43 Acres

      Commercial Land on Adrian Highway

      Commercial Highway Zoned lot with high traffic counts on M-52.
      3264 N Adrian Hwy, Adrian, MI 49221
      View Details
    • $99,000
      0.70 Acres

      Residential Land in Milford, MI

      Residential land for sale in Milford, Michigan, near downtown.
      124 River Dr, Milford, MI 48381
      View Details
    • $945,000
      5.50 Acres

      South Lyon Multi-Family Zoned Land

      5.5 acres in Lyon Township with South Lyon Schools.
      27487 Pontiac Trl, South Lyon, MI 48178
      View Details
    • $595,000
      3.30 Acres

      South Lyon Multi-Family Zoned Land

      3.30 acre multi-family zoned build-site in South Lyon, MI.
      27491 Pontiac Trl, South Lyon, MI 48178
      View Details
    • New
      $595,000
      2.20 Acres

      Multi-Family Zoned Land Opportunity

      2.20 acre multi-family zoned property in Lyon Township.
      27483 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • $498,500
      0.85 Acres

      Northville Commercial Land For Sale

      Commercially zoned 0.85-acre lot in Northville Township.
      41628 6 Mile Rd, Northville, MI 48168
      View Details
    • $492,000
      0.40 Acres

      Northville Land: Prime Build Site

      Large single-family home build-site in downtown Northville.
      621 N Center St, Northville, MI 48167
      View Details
    • $495,000
      0.40 Acres

      Large Northville Build-Site Opportunity

      Spacious lot in downtown Northville, ideal for building a home.
      635 N Center St, Northville, MI 48167
      View Details
    • $99,000
      1.03 Acres

      Milford Land with River Frontage

      Single-family home build site near downtown Milford with river frontage.
      144 River Dr, Milford, MI 48381
      View Details
    • $295,000
      2.22 Acres

      Milford Land: Three Build Sites

      Three single-family home build sites in Milford, Michigan.
      130 River Dr, Milford, MI 48381
      View Details
    • $1,875,000
      11.09 Acres

      Land in New Hudson, MI

      Land for sale in New Hudson, Michigan.
      56000 Pontiac Trail Ct, New Hudson, MI 48165
      View Details
    • $370,000
      10.35 Acres

      Spacious Land Parcel in Northville

      10.35 acre build-site in Salem Township with South Lyon schools.
      8150 Pine Ridge Ct, Northville, MI 48168
      View Details
    • $1,500,000
      28.00 Acres

      Land in South Lyon, MI

      28 acre land parcel in South Lyon, Michigan.
      24600 Johns Rd, South Lyon, MI 48178
      View Details
    • New
      $999,980
      9.54 Acres

      Novi Land with Northville Schools

      9.54 acre lot in Novi with Northville schools.
      48000 8 Mile Rd, Northville, MI 48167
      View Details
    • $380,000
      3.00 Acres

      West Bloomfield 3-Acre Build Site

      3-acre West Bloomfield single-family home build site with utilities available.
      5835 Drake Rd, West Bloomfield, MI 48322
      View Details
    • $288,500
      38.00 Acres

      Large Acreage Land Parcel

      38-acre lot perfect for building, hunting, or nature enthusiasts.
      21433 N Dixboro Rd, South Lyon, MI 48178
      View Details
    • $165,000
      5.55 Acres

      South Lyon 5.5 Acre Build-Site

      5.5 acre lot with mature trees, suitable for building.
      20955 N Dixboro Rd, South Lyon, MI 48178
      View Details
    • $984,500
      0.81 Acres

      Large Northville Build-Site Opportunity

      Spacious lot in downtown Northville ideal for building a home.
      627 N Center St, Northville, MI 48167
      View Details
    • $1,395,000
      154.98 Acres

      Expansive Agricultural Land with Mineral Rights

      154.98 acres of agricultural land with development potential.
      10000 Meads Hwy, Clinton, MI 49236
      View Details
    • $648,000
      7.79 Acres

      Ann Arbor Commercial Land

      7.79 acre commercial property in Ann Arbor, Michigan.
      5860 Ford Rd, Ann Arbor, MI 48105
      View Details
    • $1,395,000

      Expansive Agricultural Land with Barn

      154.98-acre agricultural land with mineral rights and pole barn.
      10000 Meads Hwy, Clinton, MI 49236
      View Details

    For Lease (2)

    View map
    • $80 SF/Yr
      130 SF

      Farmington Hills Commercial Space

      Commercial space available for rent in Farmington Hills, Michigan.
      22710 Haggerty Rd, Farmington Hills, MI 48335
      View Details
    • $3,500 /Mo
      700 SF

      Northville Office Space Available

      Office space for rent in Northville, Michigan.
      104 W Main St, Northville, MI 48167
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Keith Brandt, Northville, 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.

    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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    Keith Brandt, Northville, MI
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