Add Listing
    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

    5474 W Jefferson Ave Trenton, MI 48183

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

    1.71 acre commercial land in Green Zone.

    Type:Land
    Lot size:
    1.71 Acres
    Added:
    Aug 5, 2023
    Days on Market:
    992
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 5474 W Jefferson Ave

    General Information

    Standard status
    Active
    Lot size
    1.71 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Justin Gaffrey

    Listing agent Justin Gaffrey License #MI 6501317055

    Listing office Signature Associates

    Listing date Aug 5, 2023

    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 Signature Associates

    Overview

    Green Zone Land Opportunity

    This 1.71 +/- acre property is zoned I-2/marijuana, suitable for grow and processing. Currently used as a storage yard, it presents an excellent opportunity for retail, office, or medical use. The property is located at the corner of Holmes Road and Ford Blvd, offering great visibility and ample parking. It is situated near Shoppers Marketplace, Dollar Tree, and Metro by T-mobile.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2178
    Latitude
    42.1337

    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 Avenue, Trenton, MI 48183
      View Details
    • $525,000
      2,100 SF

      Turnkey Ministry Event Center

      Fully equipped ministry event center ready for immediate operation.
      2730 Edsel St, Trenton, MI 48183
      View Details
    • $549,000

      Three-Story Building with Commercial Kitchen

      Three-story building suitable for restaurant, office, or mixed-use development.
      2156 W JEFFERSON Ave, Trenton, MI 48183
      View Details
    • $800,000
      11,024 SF

      Medical Office Building For Sale

      Medical office building for sale or lease in Trenton, Michigan.
      1650 Fort St, Trenton, MI 48183
      View Details
    • $1,350,000
      4,000 SF

      Established Auto Repair Business Opportunity

      Turnkey auto repair business with real estate for sale.
      2401 Fort St, Trenton, MI 48183
      View Details
    • Contact for pricing
      42,400 SF

      Former School Building For Sale

      Former school building with classrooms, gymnasium, kitchen, and play yard.
      4049 Longmeadow Dr - Special Purpose, 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
    • $229,900
      1,554 SF

      Trenton Colonial Multi-Family Property

      Multi-family colonial property in Trenton, Michigan.
      306 Elm Street, Trenton, MI 48183
      View Details
    • $899,000
      8,173 SF

      Trenton Office Building For Sale

      Office building with 8,173 square feet of space available.
      2272 W Jefferson, 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
      42,400 SF

      Former School Building on Large Lot

      42,400 SF school on 6.46 acres in Trenton.
      4049 Longmeadow Dr - Special Purpose, Trenton, MI 48183
      View Details
    • $985,000
      9,350 SF

      Warehouse with Fenced Yard

      9,350 sq. ft. warehouse on 1.86 acres near I-75.
      20380 Van Horn Rd, Trenton, MI 48183
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.71 acre commercial land in Green Zone.
    Where is this commercial land located?
    The property is located at 5474 W Jefferson Ave Trenton, MI.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Zoned I‑2/marijuana, Grow, Process; Green Zone Opportunity; 1.71 +/- Acres
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Gaffrey
    Real Estate License ID: MI 6501317055
    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!