Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Office Space with High Visibility Title is generated by Realmo AI

    15210 15 Mile Rd, Fraser, MI 48026

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office spaces available in Fraser Square Plaza.

    Type:Retail, Office, Restaurant
    Added:
    May 12, 2020
    Days on Market:
    2192
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 15210 15 Mile Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 15210 15 Mile Rd Contact us

    Suite 15210 $20 /Mo

    Size
    1,651 SF
    Type
    Retail
    FRASER SQUARE PLAZA | Neighborhood Plaza | FOR LEASE | RETAIL - OFFICE - MEDICAL...
    show more
    Contact us

    We can help!

    Listing Contact
    Wendy Acho
    Wendy Acho

    Listing agent Wendy Acho License #MI 6501411463

    Listing office NAI Farbman

    Listing date May 12, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman

    HighLights

    • Exceptional visibility at the signalized intersection of 15 Mile Rd & Hayes Rd.
    • End cap with drive‑thru possible.
    • Building & monument signage available.
    • Located in an area of strong commercial growth and new residential developments.
    • Suitable for retail, office, and medical users.
    • Aggressive rates.

    Overview

    Located at the signalized intersection of 15 Mile Road and Hayes Road, Fraser Square Plaza offers retail and office spaces for lease. Situated on the north side of Fraser and the south side of Clinton Township, this neighborhood center benefits from a central location amidst commercial growth and new residential developments. The property provides an opportunity for retailers, office users, and medical users seeking visibility. Building and monument signage are available. An end cap with drive-thru potential is possible, and aggressive rates are offered.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Fantastic Sam Hair Salon Salon Inspire & Day ... Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.969315
    Latitude
    42.552668

    Nearby Similar for Lease

    • $2,392/Mo

      Fraser Office Space For Rent

      Office space for rent in high-traffic Fraser location.
      16000-16078 15 Mile, Fraser, MI 48026
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease with building and monument signage.
      15210-15260 15 Mile Road, Fraser, MI 48026
      View Details
    • Contact for pricing

      Fraser Warehouse with Office Space

      4,900 SF warehouse with office space for lease.
      17505 Helro Drive, Fraser, MI 48026
      View Details
    • $9 SF/Yr

      Multi-Tenant Retail Center For Lease

      9,768 SF retail center with high visibility and traffic.
      32008-32056 Utica Rd, Fraser, MI 48026
      View Details
    • $22 SF/Yr

      Retail Space in High-Traffic Area

      1,167 SF retail space with excellent parking and high visibility.
      Fraser, MI 48026
      View Details
    • $8 SF/Yr

      Fraser Warehouse Space Available

      5,130 SF warehouse space for lease in Fraser, Michigan.
      17560 Helro, Fraser, MI
      View Details
    • $8 SF/Yr

      Fraser Flex/Industrial Space Available

      Flex/Industrial space available for lease in Fraser, Michigan.
      32205 Groesbeck Hwy, Fraser, MI
      View Details
    • Contact for pricing

      Retail/Office Space on Groesbeck Hwy

      1,250 SF retail/office space with high traffic visibility.
      33810 Groesbeck Hwy, Fraser, MI 48035
      View Details
    • Contact for pricing

      Renovated Flex Space with Office

      4,800 SF flex space with office and grade-level door.
      33155 Groesbeck Highway, Fraser, MI 48026
      View Details
    • $10 SF/Yr

      Renovated Retail Center on Groesbeck

      Up to 10,773 SF available in renovated retail center.
      33100-33192 Groesbeck Hwy, Fraser, MI
      View Details
    • Contact for pricing

      Fraser Office Space Available

      Office space available for rent in Fraser, Michigan.
      33419 Kelly Road, Fraser, MI 48026
      View Details
    • Contact for pricing

      Versatile Space on Groesbeck Highway

      Adaptable commercial space suitable for office, retail, medical, or warehouse.
      33080-33196 Groesbeck Highway, Fraser, MI, USA, Fraser, MI 48026
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces available in Fraser Square Plaza.
    Where is this retail space located?
    The property is located at 15210 15 Mile Rd Fraser, MI.
    What are key features of this property?
    This property features: Exceptional visibility at the signalized intersection of 15 Mile Rd & Hayes Rd.; End cap with drive‑thru possible.; Building & monument signage available.
    (248) 563-0739 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Wendy Acho
    Wendy Acho
    Real Estate License ID: MI 6501411463
    Learn More
    Request Owner's contact information
    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
    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
    15210 15 Mile Rd, Fraser, MI 48026
    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!