Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    45467 Market St Shelby Twp, MI 48315

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

    Retail and office units available for lease with on-site parking.

    Type:Retail, Office
    Property size:
    2,382 SF
    Added:
    Feb 23, 2024
    Days on Market:
    784
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 45467 Market St

    General Information

    Standard status
    Active
    Size
    2,382 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 45467 Market St Contact us

    45467 $17 /Mo

    Size
    2,382 SF
    Type
    Retail, Office
    • Join retailers Costco, Osaka Japan, FedEx Kinko’s and more.n• On site parkingn•...
    show more
    Contact us

    45445 $17 /Mo

    Size
    2,025 SF
    Type
    Retail, Office
    • Join retailers Costco, Osaka Japan, FedEx Kinko’s and more.n• On site parkingn•...
    show more
    Contact us

    We can help!

    Listing Contact
    James Diehl

    Listing agent James Diehl License #MI 6501368863

    Listing office Pilot Property Group

    Listing date Feb 23, 2024

    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 Pilot Property Group

    Overview

    Retail and Office Space Available

    Retail and office spaces are available for lease, offering opportunities to join established retailers such as Costco, Osaka Japan, and FedEx Kinko’s. On-site parking is available for customers and employees. There are two units available: one is 2,025 square feet, and the other is 2,382 square feet. These units can be combined to create a larger space of 4,407 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -82.980909
    Latitude
    42.630238

    Nearby Similar for Lease

    • Contact for pricing

      Shelby Twp Retail Opportunity

      Spacious 6,000 SF retail space in a vibrant location.
      49562 Van Dyke Avenue, Shelby Twp, MI 48317
      View Details
    • Contact for pricing

      Shelby Township Office Space Available

      Office space in Shelby Township with reception and multiple rooms.
      49178 VAN DYKE Avenue, Shelby Twp, MI 48317
      View Details
    • $10/mo

      Freestanding Industrial Facility For Lease

      7,133 SF industrial facility with office, parking, and storage.
      13133 West Star Drive, Shelby Twp, MI 48315
      View Details
    • $10/mo

      Freestanding Industrial Building Available

      12,182 SF industrial building with office space for lease.
      50300 Rizzo Drive, Shelby Twp, MI 48315
      View Details
    • $7/mo

      New Industrial Building Opportunity

      New industrial building with purchase option in Shelby Township.
      Simone Industrial Dr., Shelby Twp, MI 48316
      View Details
    • Contact for pricing

      Retail Space on Van Dyke

      Retail space available with existing plumbing infrastructure and signage.
      46260-46370 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • Contact for pricing

      Market Street Commercial Space

      Commercial space available for lease on Market Street.
      45147 - 45231 Market St, Shelby Twp, MI 48315
      View Details
    • Contact for pricing

      Retail, Restaurant, and Office Spaces

      Retail, restaurant, and office spaces available for lease.
      55133 Van Dyke Ave, Shelby Twp, MI 48316
      View Details
    • Contact for pricing

      Shelby Twp Retail Space

      Retail spaces available for lease in Shelby Township, Michigan.
      56265-56293 Van Dyke Ave, Shelby Twp, MI 48316
      View Details
    • Contact for pricing

      Shelby Township Office Space

      Office space available in Shelby Township, Michigan.
      6300 22 Mile Rd, Shelby Twp, MI 48317
      View Details
    • Contact for pricing

      Renovated Office Suite For Rent

      1,000 SF renovated office suite with modern amenities.
      8155 Annsbury Dr, Shelby Twp, MI 48316
      View Details
    • Contact for pricing

      Retail Space in Shelby Township

      Retail space available in a busy Shelby Township shopping center.
      8260 23 Mile Rd, Shelby Twp, MI 48316
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office units available for lease with on-site parking.
    Where is this retail space located?
    The property is located at 45467 Market St Shelby Twp, MI.
    What are key features of this property?
    This property features: Join established retailers Costco, Osaka Japan, and FedEx Kinko’s.; Two units available: **2,025 SF and 2,382 SF.**; Units can be combined into a **4,407 SF unit.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Diehl
    Real Estate License ID: MI 6501368863
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!