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    Second-Floor Fitness Studio Space Title is generated by Realmo AI

    34830 Utica Road, Fraser, MI 48026

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    Picture of Fitness centers & gyms at 34830 Utica Road, Fraser, MI
    For Lease
    $1,950/Mo $9 SF/Yr (calc)

    COMMERCIAL - Fraser, MI

    Property size:
    2,500 SF
    Lot size:
    0.84 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    150
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 34830 Utica Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    03-11-31-201-014
    Size
    2,500 SF
    Lot size
    0.84 Acres

    Utilities

    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft

    Listing agent Boyd C. Kraft License #6506047213

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Jan 5, 2026

    MLS# 50196848

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Former Jazzercise/Dance Studio on the 2nd floor
    • Central air cooling
    • Parking lot included
    • Built in 1985
    • Public water source

    Overview

    This listing offers a second-floor studio space that was previously used for Jazzercise and dance. The property is positioned within a commercial setting and is available for lease, providing a dedicated footprint for an operator seeking an indoor training or instruction environment.

    The space is located near Meijer and many surrounding retailers, supporting convenient access for members and clients. The building’s address is 34830 Utica Road in Fraser, Michigan, within Macomb County.

    As a former dance and fitness use, the layout is generally appropriate for studios that require an open room for classes and rehearsals, as well as related office or prep space that can support ongoing programming. Prospective tenants should confirm specific buildout requirements and any operational needs with the landlord before proceeding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ruffin' It Pet ... Kennel & Boarding Facility Jazzercise Fraser Fitness ... Gym & Fitness Center Free Play Pinball ... Arcade & Gaming Center Kimberly Knox, Milagro ... Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Jazzercise Fraser Fitness Studio — 34830 Utica Rd #201, Fraser, MI 48026
    • FlexIT Personal Training — Medical and Professional Building, 35555 Garfield Rd #5, Clinton Twp, MI 48035
    • CCF Upward Flag Football & Cheer — 34385 Garfield Cir, Fraser, MI 48026
    • MAT Hockey — 34400 Utica Rd, Fraser, MI 48026
    • Motor City Rockers — 34400 Utica Rd, Fraser, MI 48026

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.959568
    Latitude
    42.552172

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    FAQs

    What type of property is this?
    Fitness center & gym - Former dance and fitness studio on the second floor near major retail, suited for instruction and workouts.
    Where is this fitness center & gym located?
    The property is located at 34830 Utica Road Fraser, MI.
    What is the lease rate?
    The lease rate is $1,950 /Mo.
    What are key features of this property?
    This property features: Former Jazzercise/Dance Studio on the 2nd floor; Central air cooling; Parking lot included
    (586) 243-3488
    We can help!
    Listing Contact
    Boyd C. Kraft
    Boyd C. Kraft
    Real Estate License ID: 6506047213
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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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