Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Opportunity in Growing Community Title is generated by Realmo AI

    57951 Grand River Ave, New Hudson, MI 48165

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Build-to-suit retail opportunity in a rapidly growing community.

    Type:Retail, Office, Land
    Added:
    May 20, 2024
    Days on Market:
    747
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 57951 Grand River Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Land

    Building Details

    Year Built
    1940

    Spaces For Lease

    at 57951 Grand River Ave Contact us

    We can help!

    Listing Contact
    Mojahed Abubars

    Listing agent Mojahed Abubars License #6506046863

    Listing office Insite Commercial

    Listing date May 20, 2024

    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 Insite Commercial

    HighLights

    • Build‑to‑suit retail opportunity
    • Located in a fast‑growing community
    • B‑2 District zoning allows for various retail and office uses
    • Permitted uses include restaurants
    • Permitted uses include auto repair and oil change services
    • Permitted uses include veterinary clinics

    Overview

    This property presents a build-to-suit retail opportunity situated within a rapidly expanding community. Zoned B-2 District, the site accommodates a variety of retail and office applications. Permitted uses include restaurants, auto repair facilities, oil change services, and veterinary clinics.
    Property Profile Location Intelligence

    Current Use by Public Records

    One11 Residences - New ... Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hudson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6255083
    Latitude
    42.5128946

    Nearby Similar for Lease

    • Contact for pricing
      42,922 SF

      New Industrial Building in Oakland

      New construction industrial building available for occupancy in 2024.
      30180 Research Drive, New Hudson, MI, 48165
      View Details
    • Contact for pricing
      81,745 SF

      Lyon Township Industrial Space

      81,745 SF warehouse/industrial space for lease.
      55285 Lyon Industrial Drive, Lyon Charter Township, MI, 48165
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in New Hudson, Michigan.
      30165 South Hill Road, New Hudson, MI, 48165
      View Details
    • Contact for pricing
      150,000 SF

      New Class A Industrial Facility

      150,000 SF Class A industrial facility for lease.
      54363 Grand River Avenue, New Hudson, MI
      View Details
    • Contact for pricing

      Corner Lot in New Hudson

      1.33 acre corner lot available for ground lease.
      57017 Grand River Ave, New Hudson, MI 48165
      View Details
    • $20 SF/Yr

      Commercial Space for Lease

      Commercial space available for lease in Lyon Charter Township.
      56270 Grand River Ave, Lyon Charter Township, MI 48165
      View Details
    • Contact for pricing

      New Hudson Commercial Land Available

      1.81-acre commercial land for lease in New Hudson, Michigan.
      57036 Grand River Ave, New Hudson, MI 48165
      View Details
    • Contact for pricing

      Grand River Avenue Land Available

      1.04 acre commercial land for lease on Grand River.
      57445 Grand River Ave, New Hudson, MI 48165
      View Details

    FAQs

    What type of property is this?
    Commercial land - Build-to-suit retail opportunity in a rapidly growing community.
    Where is this commercial land located?
    The property is located at 57951 Grand River Ave New Hudson, MI.
    What are key features of this property?
    This property features: Build‑to‑suit retail opportunity; Located in a fast‑growing community; B‑2 District zoning allows for various retail and office uses
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mojahed Abubars
    Real Estate License ID: 6506046863
    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

    Thank You for Inquiry
    57951 Grand River Ave, New Hudson, MI 48165
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!