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    Property profile & analytics

    11200 Jefferson Ave Detroit, MI 48214-3320

    • Grocery and convenience stores
    • 93,850 SF
    • 6.56 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0549282
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 11200 Jefferson Ave

    Year built
    2003
    Lot size
    6.56 lot acres
    Property size
    93,850 SF
    Property type
    Grocery and convenience stores
    APN
    21000449-55
    APU
    2100044955

    Description

    The Shops at Jefferson Village offers a fantastic opportunity for retailers seeking high-visibility space in a thriving Wayne County neighborhood center. This 92,392 square foot property boasts a strong grocery anchor and excellent retail synergy, attracting a significant customer base. Located within a 5-mile radius of over 200,000 residents, the center benefits from its proximity to Chrysler's Stellantis Assembly Plant, providing a substantial daytime workforce. The property enjoys exceptional visibility from East Jefferson Road, ensuring maximum exposure for your business. Three spaces are currently available, ranging from 2,000 to 10,000 contiguous square feet, with a total of 14,771 square feet currently vacant. Ample parking is provided with 394 spaces available for tenant and customer use. This is an ideal location for businesses seeking a strong presence in a densely populated area with high traffic volume and a proven track record of success. The property's multiple tenancy structure offers a diverse and vibrant shopping environment, creating a synergistic atmosphere that benefits all tenants. Don't miss this chance to establish your business in a prime retail location with excellent visibility and ample parking. Contact us today to learn more about leasing opportunities and secure your space in this thriving retail center.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.971
    Latitude
    42.3654
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $61,192
    $0.00
    $0.00
    $2,886,000
    -
    $0.00
    $0.00
    $5,772,000

    Comparable in this City

    • Value Estimation by Request
      14,389 SF

      11100 Mack Ave

      GROCERY, SUPERMARKET • 14,389 SF
      11100 Mack Ave, Detroit, MI 48214-3515
      View Details
    • Value Estimation by Request
      2,640 SF

      10736 Jefferson Ave

      CONVENIENCE STORE • 2,640 SF
      10736 Jefferson Ave, Detroit, MI 48214-3276
      View Details
    • Value Estimation by Request
      1,680 SF

      10100 Mack Ave

      CONVENIENCE STORE • 1,680 SF
      10100 Mack Ave, Detroit, MI 48214-2132
      View Details
    • Value Estimation by Request
      2,949 SF

      7937 Mack Ave

      CONVENIENCE STORE • 2,949 SF
      7937 Mack Ave, Detroit, MI 48214-1765
      View Details
    • Value Estimation by Request
      2,000 SF

      7353 Kercheval St

      CONVENIENCE STORE • 2,000 SF
      7353 Kercheval St, Detroit, MI 48214-2311
      View Details
    • Value Estimation
      $715,000
      2,948 SF

      9645 Jefferson Ave

      CONVENIENCE STORE • 2,948 SF
      9645 Jefferson Ave, Detroit, MI 48214-2909
      View Details

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    Similar Nearby for Lease

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      Kercheval Street Retail/Office Space

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      Prime Retail Space in Detroit

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      21,600 SF

      Detroit Executive Office Suites

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      Retail Space Near Chrysler Plant

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    11200 Jefferson Ave
    Detroit, MI 48214-3320
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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.

    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
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