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

    7956 Grand St Dexter, MI 48130

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

    Prime Dexter location, 23-unit condo project.

    Property Features for 7956 Grand St

    General Information

    Property type
    Multifamily properties
    Lot Size
    30,928 SF

    We can help!

    Listing Contact
    Charlie Koenn
    Charlie Koenn

    Listing Agent: Charlie Koenn

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.71-acre parcel (APN: 08-08-06-280-028 & 08-08-06-280-009), located at 7956 - 7960 Grand St in Dexter, Michigan (48130), presents a fully approved site plan for a three-story, 23-unit condominium development. The project boasts a mix of unit sizes to cater to diverse buyer needs: three two-story units with two bedrooms and 2.5 bathrooms; twelve units with two bedrooms and two bathrooms; four units with two bedrooms and one bathroom; and four units with one bedroom and one bathroom. Ample parking is provided with 46 on-site spaces supplemented by street parking. The PUD zoning ensures compliance and facilitates a smooth construction process. This prime location offers unparalleled convenience, situated within walking distance of Dexter's vibrant downtown area, featuring shops, restaurants, parks, schools, and access to the Border to Border Trail. The asking price is $850,000, and owner financing may be considered for qualified buyers. This is a turnkey opportunity for developers seeking a high-demand residential project in a thriving Michigan community. The project is ready for immediate construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dexter
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.888761
    Latitude
    42.334864

    Nearby Similar for Sale

    • $650,000
      1,260 SF

      Dexter, MI Retail Opportunity

      Retail property for sale in Dexter, Michigan with 1.82 acres.
      705 Baker Rd, Dexter, MI 48130
      View Details
    • Contact for pricing

      Downtown Dexter Office Suites Available

      Office suites for sale in downtown Dexter near amenities.
      8005 Main St, Dexter, MI 48130
      View Details
    • Contact for pricing

      Dexter Flex Industrial Suite

      Versatile flex space near Dexter and Ann Arbor with easy access.
      7275 W Joy Rd, Dexter, MI 48130
      View Details
    • Contact for pricing
      9,588 SF

      Adaptable Flex Space in Dexter

      9,588 SF single-story building suitable for various uses.
      2434 Bishop Cir E, Dexter, MI 48130
      View Details
    • Contact for pricing
      2,320 SF

      Spacious Colonial Home with Upgrades

      Colonial in Thornton Farms with open floor plan and upgrades.
      8528 Hawthorn Hl, Dexter, MI 48130
      View Details
    • $110,000

      Turn-Key Restaurant Opportunity in Dexter

      Established Japanese restaurant with loyal customer base and prime location.
      7050 Dexter Ann Arbor Rd, Dexter, MI 48130
      View Details
    • $499,900

      Downtown Dexter Office Space For Sale

      Modern office space in downtown Dexter with high-end finishes.
      150 Jeffords 102, Dexter, MI 48130
      View Details
    • $2,100,000
      1,152 SF

      Retail Property in Dexter, MI

      Retail property for sale in Dexter, Michigan.
      11453 Jackson Rd, Dexter, MI 48130
      View Details
    • $525,000

      Brewery and Coffee Shop Opportunity

      Turnkey brewery and coffee shop with taproom and patio.
      8080 Grand St, Dexter, MI 48130
      View Details
    • Contact for pricing

      Medical/Professional Office Building in Dexter

      Stand-alone medical/professional office building with on-site parking and easy access.
      3060 Baker Rd, Dexter, MI 48130
      View Details
    • Contact for pricing

      Economical Office Space in Dexter

      Office space with amenities in a vibrant Dexter building.
      2319 Bishop Cir E, Dexter, MI 48130
      View Details
    • Contact for pricing

      Move-in Ready Dexter Office Spaces

      Two private office spaces with shared amenities and ample parking.
      8820 Jackson Rd, Dexter, MI 48130
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Dexter location, 23-unit condo project.
    Where is this multifamily property located?
    The property is located at 7956 Grand St Dexter, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price.; 0.71-acre land parcel in Dexter, MI.; Approved PUD zoning for a 23-unit condominium development.
    (734) 926-0230 Call to check price and availability
    Request Owner's contact information
    7956 Grand St Dexter, MI 48130
    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.
    7956 Grand St
    Dexter, MI 48130
    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
    7956 Grand St Dexter, MI 48130
    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 Charlie Koenn
    Charlie Koenn
    Real Estate License ID: #6506040186
    (734) 926-0230 (734) 320-3191 (734) 663-0501
    Learn more
    Google sign-in failed. Please try again or use another login method.