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    Michael Carter, Newport Beach, CA

    License ID: 6501369793
    Exit Deluxe Realty

    Service Locations

    Contact details

    Phone:
    (586) 549-4260
    Office Address:
    4600 N Park Ave Fl Ground, Chevy Chase, MD, 20815

    Performance

    Listings
    42

    Listings

    For Sale (37)

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    • Contact for pricing
      8,216 SF

      Multi-Tenant Retail Investment Opportunity

      Multi-tenant retail property for sale in Joliet, Illinois.
      2901 Plainfield Rd, Joliet, IL 60435
      View Details
    • Contact for pricing
      7,300 SF

      Bourbonnais Retail Investment Opportunity

      Multi-tenant retail property for sale in Bourbonnais, Illinois.
      1601-1605 N State Route 50, Bourbonnais, IL 60914
      View Details
    • Contact for pricing
      1,766 SF

      Detroit Retail Opportunity with Drive-Thru

      Retail property with drive-thru, high visibility, and redevelopment potential.
      16245 Livernois St, Detroit, MI 48221
      View Details
    • Contact for pricing
      2,494 SF

      Livonia Retail Redevelopment Opportunity

      Vacant 2,494 SF retail building suitable for redevelopment.
      28203 Plymouth Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      2,635 SF

      Retail Building with Drive-Thru

      2,635 SF retail building with drive-thru on 0.83 acres.
      737 N Galena Ave, Dixon, IL 61021
      View Details
    • Contact for pricing
      2,413 SF

      Vacant QSR Retail Opportunity

      Vacant 2,413 SF QSR for sale in Detroit.
      20240 Plymouth Rd, Detroit, MI 48228
      View Details
    • Contact for pricing
      1,522 SF

      Vacant Land in Detroit, MI

      0.31-acre vacant land zoned for general business.
      12661 Mack Ave, Detroit, MI 48215
      View Details
    • Contact for pricing
      1,993 SF

      Detroit QSR Opportunity

      Vacant 1,993 SF QSR, ideal for owner-user or redevelopment.
      9239 Gratiot Ave, Detroit, MI 48213
      View Details
    • Contact for pricing
      1,708 SF

      Redevelopment Opportunity on Clio Road

      Retail space with drive-thru, high visibility, and redevelopment potential.
      3801 Clio Rd, Flint, MI 48504
      View Details
    • Contact for pricing
      2,860 SF

      Vacant QSR Retail Opportunity

      2,860 SF vacant QSR for sale in Detroit.
      18021 Kelly Rd, Detroit, MI 48205
      View Details
    • Contact for pricing
      10,640 SF

      New Dollar General Investment Property

      Newly-built Dollar General in Sunfield, MI with corporate guarantee.
      8200 W Grand Ledge Hwy, Sunfield, MI 48890
      View Details
    • Contact for pricing
      5,042 SF

      New Chick-fil-A Investment Property

      New 15-year NNN Chick-fil-A in Joliet, Illinois.
      201 S Larkin Ave, Joliet, IL 60436
      View Details
    • Contact for pricing
      5,706 SF

      Freestanding Carvana Investment Property

      NNN leased Carvana property in Novi, Michigan.
      26890 Adell Center Dr, Novi, MI 48375
      View Details
    • Contact for pricing
      71,791 SF

      Madisonville Town Center Retail Space

      Retail space in high-traffic area near Kroger and Lowe’s.
      575 Whittington Dr, Madisonville, KY 42431
      View Details
    • Contact for pricing
      4,075 SF

      New Retail Property with Drive-Thru

      New 2024 retail property, 100% occupied by Starbucks and Dollar Loan Center.
      101 Frances Ln, Beaver Dam, WI 53916
      View Details
    • $3,375,000
      3,500 SF

      Retail Space For Sale

      Retail space available with a 4.00% CAP rate.
      4735 Mobile Hwy, Pensacola, FL 32506
      View Details
    • Contact for pricing
      25,274 SF

      Freestanding Chewy, Inc. Office Investment

      Freestanding Chewy, Inc. office investment property in Louisville, KY.
      3621 Fern Valley Rd, Louisville, KY 40213
      View Details
    • Contact for pricing
      10,500 SF

      New Family Dollar Investment Property

      Newly built, corporate guaranteed Family Dollar in Mayfield, KY.
      827 E Broadway, Mayfield, KY 42066
      View Details
    • Contact for pricing
      10,640 SF

      New Dollar General Investment Property

      NNN Dollar General in Sunfield, MI, opening July 2023.
      8200 W Grand Ledge Hwy, Sunfield, MI 48890
      View Details
    • Contact for pricing
      33,970 SF

      Pharmacord Investment Property

      NNN leased Pharmacord property in Jeffersonville, IN.
      4550 Town Ctr Blvd, Jeffersonville, IN
      View Details
    • Contact for pricing
      1,708 SF

      Retail Opportunity on Clio Road

      Former QSR tenant, redevelopment potential in desirable trade area.
      3801 Clio Rd, Flint, MI 48504
      View Details
    • Contact for pricing
      8,283 SF

      Grand Rapids Retail Investment Opportunity

      NN leased, three-tenant investment property in Grand Rapids, Michigan.
      2135 E Beltline Ave NE, Grand Rapids, MI 49525
      View Details
    • Contact for pricing
      5,978 SF

      Retail Property in Calhoun, GA

      Retail property available for sale in Calhoun, Georgia.
      613 Highway 53, Calhoun, GA 30701
      View Details
    • Contact for pricing
      6,532 SF

      Retail Property on Mall Drive

      Retail property available for sale, totaling 6,532 square feet.
      450 Mall Dr, Danville, VA 24540
      View Details
    • Contact for pricing
      1,993 SF

      Retail Property with Drive-Thru

      1,993 SF retail building with drive-thru on 0.55 acres.
      9229 Gratiot Ave, Detroit, MI 48213
      View Details
    • Contact for pricing
      1,522 SF

      Detroit Retail Opportunity For Sale

      Retail property in Detroit, suitable for various business uses.
      12661 Mack Ave, Detroit, MI 48215
      View Details
    • Contact for pricing
      2,635 SF

      Retail Building with Drive-Thru

      2,635 SF retail building with drive-thru on 0.83 acres.
      737 N Galena Ave, Dixon, IL 61021
      View Details
    • Contact for pricing
      8,500 SF

      Vacant Restaurant in Benton Harbor

      Freestanding 8,500 SF vacant restaurant on 1.93 acres.
      1830 Pipestone Rd, Benton Harbor, MI 49022
      View Details
    • Contact for pricing
      2,860 SF

      Detroit Retail Opportunity For Sale

      2,860 SF retail property in Detroit, Michigan.
      18001 Kelly Rd, Detroit, MI 48224
      View Details
    • Contact for pricing
      3,689 SF

      Retail Space on Dort Highway

      Retail space with high traffic and excellent visibility.
      3625 S Dort Hwy, Flint, MI 48506
      View Details
    • Contact for pricing
      2,413 SF

      Detroit Retail Opportunity For Sale

      Retail property available for sale in Detroit, Michigan.
      20250 Plymouth Rd, Detroit, MI 48228
      View Details
    • Contact for pricing
      1,766 SF

      Retail Property with Drive-Thru

      Retail property featuring a drive-thru in a desirable location.
      16257 Livernois Ave, Detroit, MI 48221
      View Details
    • Contact for pricing
      7,303 SF

      Leavenworth Net Leased Investment Property

      Two-tenant, corporate guaranteed investment property in Leavenworth, Kansas.
      1100 N 4Th St, Leavenworth, KS 66043
      View Details
    • Contact for pricing
      5,042 SF

      New Chick-fil-A Drive-Thru Investment

      New 15-year NNN Chick-fil-A in Chicago MSA.
      201 S Larkin Ave, Joliet, IL 60436
      View Details
    • Contact for pricing
      7,163 SF

      Texas Roadhouse Investment Opportunity

      NNN leased Texas Roadhouse with over 10 years remaining.
      4140 Miller Rd, Flint, MI 48507
      View Details
    • Contact for pricing
      2,230 SF

      Retail Space For Sale

      Retail space with a new 10-year corporate-backed lease.
      456 Hudson Park Dr, Madisonville, KY 42431
      View Details
    • Contact for pricing
      19,361 SF

      New Construction NNN Property

      New 15-year lease with scheduled rental increases.
      535 Whittington Dr, Madisonville, KY 42431
      View Details

    For Lease (5)

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    • Contact for pricing
      3,500 SF

      Medical Office Space Available

      Built-out medical office/clinic space in a central business district.
      11921 Fulton St E, Lowell, MI 49331
      View Details
    • Contact for pricing
      3,500 SF

      Office Space Near Dutch Village

      Office space for rent adjacent to Nelis' Dutch Village.
      12344 James St, Holland, MI 49424
      View Details
    • Contact for pricing
      3,532 SF

      Freestanding Retail Building in Gaylord

      Retail building in Gaylord's retail hub, near I-75.
      1388 W Main St, Gaylord, MI 49735
      View Details
    • Contact for pricing
      3,732 SF

      Retail Property with Drive-Thru

      3,542 SF retail space with drive-thru on 1.18 acres.
      606 E Baldwin St, Cameron, MO 64429
      View Details
    • Contact for pricing
      3,500 SF

      Office Space Near Dutch Village

      Office space for rent, adjacent to Nelis' Dutch Village.
      12350 James St, Holland, MI 49424
      View Details

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    Michael Carter, Newport Beach, CA
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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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    Michael Carter, Newport Beach, CA
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