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    Six-Figure Earnings At This Franchise For Sale In The Detroit Market Macomb, MI 48044
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    Property profile & analytics

    Six-Figure Earnings At This Franchise For Sale In The Detroit Market Macomb, MI 48044

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    • Retail properties & Spaces
    • 2,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Six-Figure Earnings At This Franchise For Sale In The Detroit Market

    Year built
    2016
    Property size
    2,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9179
    Latitude
    42.6548

    Comparable in this City

    • Value Estimation by Request
      9,580 SF

      20739-20761 Hall Rd

      Lifestyle centers • 9,580 SF
      20739-20761 Hall Rd, Macomb, MI 48044
      View Details
    • Value Estimation by Request
      22,220 SF

      16621 21 Mile Rd

      Office properties & Spaces • 22,220 SF
      16621 21 Mile Rd, Macomb, MI 48044
      View Details
    • Value Estimation by Request
      17,940 SF

      23 Mile And Card Rds

      Automotive properties • 17,940 SF
      23 Mile And Card Rds, Macomb, MI 48044
      View Details
    • Value Estimation by Request
      71,415 SF

      16736 21 Mile Rd

      Retail properties & Spaces • 71,415 SF
      16736 21 Mile Rd, Macomb, MI 48044
      View Details
    • Value Estimation by Request
      31,800 SF

      Nwc Of Hall Rd & Tilch Rd

      Lifestyle centers • 31,800 SF
      0 Nwc Of Hall Rd & Tilch Rd, Macomb, MI 48044
      View Details
    • Value Estimation by Request
      5.22 Acres

      Hall Rd

      Land • 5.22 Acres
      0 Hall Rd, Clinton Township, MI 48044
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Macomb Commercial Land Opportunity

      7.49 acres of commercial land available for development.
      21 Mile Rd & Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Specialty Retail Center For Sale

      Specialty retail center in prominent M-59/Hall Road retail corridor.
      18349 Hall Rd, Macomb Township, MI 48044
      View Details
    • Contact for pricing

      Land in Hall Road Corridor

      Commercial land with scenic views and easy retail access.
      45400 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Development Land in Prime Location

      5.22 acre site primed for new commercial development.
      Hall Rd, Macomb Township, MI 48044
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land in New Development

      6.25 acres of commercial land available for lease/sale.
      21 Mile Rd & Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Specialty Retail Center on Hall Road

      Retail spaces available in a busy shopping center.
      18349 Hall Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Retail Space on Corner Location

      Retail spaces available on a corner in Macomb, Michigan.
      46922 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Prime Retail Anchor Opportunity

      Rare anchor position on Hall Road retail corridor for lease.
      45300 Hayes Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Retail Space in Lakeside Landing

      Retail and office spaces for rent in high-traffic area.
      16621 21 Mile Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Available Retail/Office Unit

      Last available unit suitable for retail or office use.
      21740 21 Mile Rd, Macomb, MI 48044
      View Details
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    Macomb, MI 48044
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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.

    More about this property
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