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

    Lee Rd / Whitmore Lk Rd Brighton, MI 48116

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.6 acre fast food site with high visibility.

    Lot size:
    1.60 Acres

    Property Features for Lee Rd / Whitmore Lk Rd

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Lot size
    1.60 Acres

    We can help!

    Listing Contact
    Steve Gronow
    Source: Crexi

    Listing Agency: Chestnut Real Estate Listing Agent: Steve Gronow

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

    Learn more

    Overview

    Prime Commercial Land Near Costco

    This is a 1.6-acre commercial land site suitable for fast food development. The property benefits from high visibility and is located near a Costco store and next to a McDonald's restaurant.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7625
    Latitude
    42.54

    Nearby Similar for Sale

    • $450,000
      2,695 SF

      Brighton Commercial Property on 3.88AC

      2,695 SF building on 3.88 acres near I-96 and US-23.
      3600 S Old Us Highway 23, Brighton, MI 48114
      View Details
    • $900,000
      7,031 SF

      Brighton Commercial Property on Grand River

      7,031 sq ft commercial property between Brighton and Howell.
      7475 Grand River Rd, Brighton, MI 48114
      View Details
    • $900,000

      Grand River Commercial Property Opportunity

      7,031 sq. ft. commercial property on high-traffic Grand River Avenue.
      7475 Grand River Rd, Brighton, MI 48114
      View Details
    • $450,000

      Brighton Property with Development Potential

      3.88 AC property near I-96 and US-23.
      3600 S Old Us Highway 23, Brighton, MI 48114
      View Details
    • $2,600,000

      High-Bay Industrial Property For Sale

      18,000 SF industrial property with outdoor storage and high-bay.
      12805 Silver Lake Rd, Brighton, MI 48116
      View Details
    • Contact for pricing
      9,007 SF

      Brighton Office Investment Opportunity

      Well-maintained office building in Brighton's professional corridor.
      10484 Citation Dr, Brighton, MI 48116
      View Details
    • $389,000

      Hunter Rd, Brighton Land Opportunity

      Land available for sale in Brighton, Michigan.
      1290/2 Hunter Rd, Brighton, MI 48114
      View Details
    • Contact for pricing

      Dominant Power Center in Brighton

      Premier power center in Livingston County with high visibility.
      8365 Grand River Ave, Brighton, MI 48116
      View Details
    • $350,000
      1,777 SF

      Brighton Industrial Space - Grand River Ave

      High-visibility Brighton office, ample parking.
      1020 Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing

      Retail Pad Site Opportunity

      Retail pad site shadow-anchored by Kroger Marketplace.
      9912 East Grand River Ave, Brighton, MI 48116
      View Details
    • $700,000
      0.19 Acres

      Downtown Brighton Development Opportunity

      Three Parcels, Mixed-Use Potential
      212 East St, Brighton, MI 48116
      View Details
    • Contact for pricing

      Professional Office Building Near Main

      Renovated office suites near Brighton's shopping and entertainment district.
      324 W Grand River Ave, Brighton, MI 48116
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.6 acre fast food site with high visibility.
    Where is this commercial land located?
    The property is located at Lee Rd / Whitmore Lk Rd Brighton, MI.
    What are key features of this property?
    This property features: - 1.6 Acre Fast Food Site; - Near Costco; - Great Visibility
    Request Owner's contact information
    Lee Rd / Whitmore Lk Rd Brighton, MI 48116
    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.
    Lee Rd / Whitmore Lk Rd
    Brighton, MI 48116
    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
    Lee Rd / Whitmore Lk Rd Brighton, MI 48116
    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
    Steve Gronow
    Real Estate License ID: 6500223326
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!