Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    4725 Leisure Ln Trenton, MI 48183

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $149,900

    Two-bedroom condo with finished basement, patio, and carport.

    Property size:
    1,101 SF

    Property Features for 4725 Leisure Ln

    General Information

    Size
    1,101 SF

    Building Details

    Year built
    1971

    We can help!

    Listing Contact
    Mario Ferrante
    Mario Ferrante
    Source: Kw

    Listing Agent: Mario Ferrante

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

    Learn more

    Property Insight Report

    Overview

    Ranch Condo with Finished Basement

    This ranch condo features 2 bedrooms and 1.5 bathrooms. The unit offers 1100 square feet of living space with a full basement providing an additional 1094 square feet. The property includes an extra-size patio that overlooks a park-like setting. The condo has neutral decor throughout. It also includes appliances, a newer furnace, and central air. Two carport parking spots are included. The condo complex provides a pool and grounds. Association fees cover outside insurance, maintenance, water, and gas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2154446
    Latitude
    42.1235914

    Nearby Similar for Sale

    • $549,000
      4,236 SF

      Three-Story Building in Trenton, MI

      Three-story building suitable for a restaurant, office, or mixed-use venture.
      2156 W Jefferson Ave, Trenton, MI 48183
      View Details
    • $229,900
      1,554 SF

      Trenton Multifamily Residential Income Property

      Multifamily residential income property in Trenton, Michigan.
      306 Elm St, Trenton, MI 48183
      View Details
    • Contact for pricing
      42,400 SF

      Former School Building on Large Lot

      42,400 SF school on 6.46 acres in Trenton.
      4049 Longmeadow Dr, Trenton, MI 48183
      View Details
    • $79,900

      Main Level Ranch Condo

      983 sq ft condo with updated features and storage.
      3911 Ft St, Trenton, MI 48183
      View Details
    • $749,000
      2,376 SF

      Former Restaurant with Drive-Thru

      2,376 SF former restaurant with drive-thru for sale.
      1581 Van Horn Rd, Trenton, MI
      View Details
    • $800,000
      11,024 SF

      Medical Office Building For Sale

      Medical office building for sale or lease in Trenton, Michigan.
      1650 Ft St, Trenton, MI 48183
      View Details
    • Contact for pricing
      35,500 SF

      Former Athletic Club For Sale

      35,500 SF former athletic club with many possible uses.
      1630 Ft St, Trenton, MI 48183
      View Details
    • Contact for pricing
      9,740 SF

      Established Landscape Company on 19 Acres

      Long-established landscape supply company for sale in Trenton, Michigan.
      2805 Van Horn, Trenton, MI 48183
      View Details
    • Contact for pricing
      2,088 SF

      Former Bank Branch For Sale

      Former bank branch on Telegraph Rd with drive-thru.
      Browntown, Trenton, MI 48183
      View Details
    • Contact for pricing
      8,920 SF

      Retail and Warehouse Space Available

      8,920 SF building for retail and warehouse use.
      1595 Rd West, Trenton, MI
      View Details
    • $130,000

      Retail Building on West Road

      Well-maintained building suitable for a salon in Trenton, MI.
      2027 Rd West, Trenton, MI 48183
      View Details
    • $229,900

      Trenton Specialty Property for Sale

      Specialty property available in Trenton, Michigan.
      306 Elm St, Trenton, MI 48183
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two-bedroom condo with finished basement, patio, and carport.
    Where is this apartment building located?
    The property is located at 4725 Leisure Ln Trenton, MI.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Ranch condo with full basement nearly doubling living space (1100 sq.ft. unit + 1094 sq.ft. basement).; - Secluded location within the complex with an **extra-large patio overlooking a park-like setting.**; - Includes 2 carport parking spots.
    (313) 701-6392
    Request Owner's contact information
    4725 Leisure Ln Trenton, MI 48183
    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.
    4725 Leisure Ln
    Trenton, MI 48183
    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
    4725 Leisure Ln Trenton, MI 48183
    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

    We can help!
    Listing Contact
    Mario Ferrante
    Mario Ferrante
    Real Estate License ID: MCAR-6506014287
    (313) 701-6392
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.