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    880 Jefferson Trenton, MI 48183
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    880 Jefferson Trenton, MI 48183

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    • Industrial properties
    • 21,705 SF
    • 0.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 880 Jefferson

    Year built
    1981
    Lot size
    0.73 lot acres
    Property size
    21,705 SF
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional 21,705 square foot industrial building, located at 880 W Jefferson in Trenton, Michigan, presents a compelling investment opportunity. Built in 1981 and extensively renovated in 2018, this two-story structure boasts a desirable I-3 heavy industrial zoning, perfect for a variety of manufacturing, fabricating, assembling, and storage operations. The property sits on a 0.73-acre lot and includes 21 parking spaces, two loading docks, and two dock-high doors, ensuring efficient material handling. Ceiling heights range from 10 to 18 feet, providing ample vertical space. The building features heavy power, and an interior truck well. The property's location within Trenton's Green Zone makes it suitable for marijuana cultivation and processing, subject to all applicable regulations and licensing. The Wayne County property (APN: 54 004 99 0002 701) has a current property tax assessment of $22,406. Flexible financing options, including land contract terms and lease options, are available. This turnkey facility is ready for immediate occupancy and offers significant potential for growth and profitability. The asking price for this exceptional property is $1,250,000. Contact to discuss terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1742
    Latitude
    42.1608

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      232 Jefferson Ave

      Manufacturing properties • 2,400 SF
      232 Jefferson Ave, Trenton, MI 48183
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    • Value Estimation by Request
      21,705 SF

      880 Jefferson

      Manufacturing properties • 21,705 SF
      880 Jefferson, Trenton, MI 48183
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    • Value Estimation
      $615,000
      8,910 SF

      26401 Hall Rd

      MANUFACTURING (LIGHT) • 8,910 SF
      26401 Hall Rd, Woodhaven, MI 48183-5110
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    • Value Estimation
      $1,120,000
      26,802 SF

      2331 Toledo St

      MANUFACTURING (LIGHT) • 26,802 SF
      2331 Toledo St, Trenton, MI 48183-4715
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    • Value Estimation
      $16,445,000
      234,443 SF

      25235 Hall Rd

      MANUFACTURING (LIGHT) • 234,443 SF
      25235 Hall Rd, Woodhaven, MI 48183-5111
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    • Value Estimation
      $10,520,000
      207,456 SF

      19050 Allen Rd

      MANUFACTURING (LIGHT) • 207,456 SF
      19050 Allen Rd, Brownstown Twp, MI 48183-1002
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Woodhaven Light Industrial Opportunity

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    • $645,000
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      Brownstown Industrial Land - 1.6 Acres

      Prime Brownstown location, 1.6 acres, rezoning potential.
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    • $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
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    • Contact for pricing

      Land with Existing Utilities

      Green zone land suitable for cultivation facility with existing utilities.
      5647 Hoover St, Trenton, MI 48183
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Opportunity

      Industrial property suitable for a single tenant on 2 acres.
      1 W Jefferson Ave, Trenton, MI 48183
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    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces available, ranging from 2,066 to 4,842 SqFt.
      19725 Allen Rd, Brownstown, MI 48183
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    • Contact for pricing

      Retail Space in Woodhaven Center

      4,200 SF end cap retail space available for lease.
      23500 Allen Rd, Woodhaven, MI 48183
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    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Woodhaven, Michigan.
      21595 Allen Rd, Woodhaven, MI 48183
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    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      22600 Allen Rd, Woodhaven, MI 48183
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    • Contact for pricing
      1,500 SF

      Retail Space Near Ford Plant

      Retail space available near I-75 and Ford Flat Rock.
      20645 Gibraltar Rd, Brownstown Twp, MI 48183
      View Details
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    Trenton, MI 48183
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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.

    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.

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