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    Storefront Retail & Office Space Title is generated by Realmo AI

    35628 Jefferson Common, Harrison Twp, MI 48045

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    For Lease
    $2,200/Mo $16 SF/Yr (calc)

    COMMERCIAL - Harrison Twp, MI

    Property size:
    1,560 SF
    Added:
    May 26, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 35628 Jefferson Common

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    17-90-02-000-032-00
    Size
    1,560 SF

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1970
    Roof type
    Flat

    We can help!

    Listing Contact
    Mark Lagana
    Mark Lagana

    Listing agent Mark Lagana License #6501413591

    Listing office Berkshire Hathaway HomeServices Kee Realty SCS 19900 E 10 Mile Rd Ste 104, MI

    Listing date May 26, 2026

    MLS# 50208848

    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

    • Commercial space with forced‑air heating and flat roof
    • Street‑level digital billboard plus large storefront windows for visibility
    • Signage opportunities available at the storefront
    • New double‑wide door for flexible access and loading
    • Parking lot included for customers and staff
    • Building year built: 1970

    Overview

    This for-lease commercial storefront suite offers a flexible, open layout that can work for retail, professional office use, service businesses, or other neighborhood-oriented concepts. The space is presented with large storefront windows and signage visibility, and the property includes a digital billboard at street level. For flexible access and loading, the suite features a new double-wide door, complementing customer and staff parking.

    The space is located in an established plaza setting in Harrison Twp, MI (Macomb County). Public remarks highlight high visibility with strong day-to-day activity in the surrounding corridor, with nearby businesses supporting a steady flow of local customers. Access is described as convenient, with easy connections to major roads.

    From a tenant-fit perspective, the combination of storefront presentation, an open interior configuration, and the presence of a digital billboard makes the suite well-suited for businesses that rely on walk-in traffic and clear street-level branding. The double-wide door also adds operational practicality for deliveries, small-scale move-ins, or service setups that benefit from straightforward loading access. Exterior upkeep and a thriving plaza environment round out the offering for companies looking to establish or relocate in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Harrison Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8519538
    Latitude
    42.5563057

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    FAQs

    What type of property is this?
    Storefront property - Versatile retail and office suite with large storefront windows, a double-wide door, and customer parking in an established plaza.
    Where is this storefront property located?
    The property is located at 35628 Jefferson Common Harrison Twp, MI.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: Commercial space with forced‑air heating and flat roof; Street‑level digital billboard plus large storefront windows for visibility; Signage opportunities available at the storefront
    (313) 391-3966
    We can help!
    Listing Contact
    Mark Lagana
    Mark Lagana
    Real Estate License ID: 6501413591
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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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