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

    Pearson Rd Shelby Township, MI 48315

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Shelby Township development land, R-1-B zoning.

    Property Features for 0 Pearson Rd

    General Information

    Property type
    Land
    Lot Size
    173,804 SF

    We can help!

    Listing Contact
    Dave Tesch
    Dave Tesch

    Listing Agency: Thomas Duke Company Listing Agent: Dave Tesch

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

    Learn more

    Overview

    This exceptional 3.99-acre commercial land parcel presents a unique investment opportunity in Shelby Township, Michigan. Located at 0 N Pearson Rd, this property boasts convenient access to major thoroughfares, including the 26 Mile Rd and M-53 interchange, providing seamless connectivity to a wide range of businesses and amenities. The site's strategic position offers easy access to numerous national retailers, making it an ideal location for various commercial ventures. Furthermore, its proximity to Stoney Creek Metro Park adds to its appeal. The property is zoned R-1-B, allowing for the development of residential lots, with zoning permitting lots of 1/3 of an acre and 90 feet wide. The parcel's size and zoning flexibility offer significant potential for diverse development projects. With an asking price of $475,000, this translates to $119,048 per acre. The property's location within the Romeo community school district is an added advantage. The APN is 23-07-03-201-007. This represents one of the last remaining undeveloped areas in Shelby Township, making this a truly rare and valuable opportunity. The property is situated in Macomb County, Michigan, with a zip code of 48315. This prime location offers exceptional visibility and accessibility, making it an attractive proposition for discerning investors and developers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0240538
    Latitude
    42.7122685

    Nearby Similar for Sale

    • $75,000
      1,280 SF

      Turnkey Boutique Business Opportunity

      Established clothing boutique in Shelby Twp, ready for new ownership.
      47331 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • $399,900
      0.26 Acres

      Renovated Multi-Unit Investment Property

      Income-generating duplex in Shelby Township, completely renovated in 2021/2022.
      8820 Russell St, Shelby Twp, MI 48317
      View Details
    • $539,000
      2,550 SF

      Shelby Twp Professional Office Building

      Freestanding office building with full basement on 0.75 acre lot.
      4461 24 Mile Rd, Shelby Twp, MI 48316
      View Details
    • $4,900,000
      39,388 SF

      Industrial Facility with Expansion Potential

      Well-maintained 38,388 SF industrial facility with expansion and outside storage.
      51455 Schoenherr Rd, Shelby Twp, MI 48315
      View Details
    • Contact for pricing
      3,000 SF

      Well-Maintained Condo Near Stoney Creek

      3 bed, 3 bath condo with finished basement and garage.
      5187 Mesa Dr, Shelby Township, MI 48316
      View Details
    • Contact for pricing
      4,370 SF

      New Heartland Dental NNN Lease

      New 10-year NNN lease with corporate guaranty.
      56074 Van Dyke Ave, Shelby Township, MI 48316
      View Details
    • $59,900

      Spacious Lakeside Manufactured Home

      Double-wide home with lake access, updated features, and included appliances.
      2053 Marmoor Dr, Shelby Township, MI 48317
      View Details
    • $350,000

      High-Quality Office Condo in Shelby

      Beautifully finished office condo with high-quality build-out and versatile space.
      45679 Village Blvd, Shelby Township, MI 48315
      View Details
    • Contact for pricing
      14,440 SF

      Turnkey Medical Condo For Sale

      3,200 SF medical condo ideal for various medical practices.
      51863 Schoenherr Rd, Shelby Township, MI 48315
      View Details
    • Contact for pricing
      20,000 SF

      Van Dyke Retail/Office Space

      Retail/Office space on Van Dyke, south of 23 Mile Road.
      Shelby Township, MI 48317
      View Details
    • $2,300,000
      19,635 SF

      M-59 & Mound Road Frontage

      Retail property with frontage on M-59 and Mound Road.
      45100 Mound Rd, Shelby Township, MI 48317
      View Details
    • Contact for pricing
      6,932 SF

      Hall Road Restaurant Opportunity

      Prime Shelby Twp location, 6,932 SF vacant restaurant.
      15133 Hall Rd, Shelby Township, MI 48315
      View Details

    FAQs

    What type of property is this?
    Land - Prime Shelby Township development land, R-1-B zoning.
    Where is this land located?
    The property is located at Pearson Rd Shelby Township, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 3.99-acre parcel zoned R-1-B for residential development.; Zoning permits 1/3-acre lots, 90 feet wide.; Excellent access to M-53 expressway.
    (248) 476-3700 Call to check price and availability
    Request Owner's contact information
    Pearson Rd Shelby Township, MI 48315
    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.
    Pearson Rd
    Shelby Township, MI 48315
    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
    Pearson Rd Shelby Township, MI 48315
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dave Tesch
    Dave Tesch
    Real Estate License ID: 6501378844
    (248) 476-3700
    Learn more
    Google sign-in failed. Please try again or use another login method.