Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    54999 Shelby Rd Shelby Township, MI 48316
    Back to Search
    Property profile & analytics

    54999 Shelby Rd Shelby Township, MI 48316

    View on Map
    • Retail properties & Spaces
    • 8,535 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 54999 Shelby Rd

    Year built
    1988
    Property size
    8,535 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Storefront properties

    Description

    This exceptional retail opportunity is located in the thriving Shelby Corner Plaza, situated at 54999 Shelby Rd, Shelby Township, MI 48316. The property, built in 1988, offers a total of 8,535 square feet, with 1,632 square feet currently available for lease. This storefront space is perfect for a variety of retail businesses seeking high visibility and convenient access. The plaza's multiple tenancy structure provides a diverse and vibrant shopping environment, attracting a steady stream of customers. Located in Macomb County, Michigan, this property benefits from excellent accessibility and strong local demographics. The 1,632 square foot space presents a blank canvas for your business, allowing for customization to meet your specific needs. The property's strategic location within Shelby Township ensures high foot traffic and visibility, making it an ideal location for businesses seeking to establish a strong presence in the community. This is a rare opportunity to secure a well-positioned retail space in a thriving commercial center. Don't miss out on this chance to establish your business in a prime location with excellent potential for growth and success. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0701
    Latitude
    42.6973

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      52924 Van Dyke Ave

      Individual retail properties • 1.52 Acres
      52924 Van Dyke Ave, Shelby Township, MI 48316
      View Details
    • Value Estimation by Request
      59,946 SF

      8260 23 Mile Rd

      Neighborhood centers • 59,946 SF
      8260 23 Mile Rd, Shelby Township, MI 48316
      View Details
    • Value Estimation by Request
      7,280 SF

      56028 Van Dyke Ave

      Retail properties & Spaces • 7,280 SF
      56028 Van Dyke Ave, Utica, MI 48316
      View Details
    • Value Estimation by Request
      255,000 SF

      26 Mile Rd & Van Dyke Ave

      Retail properties & Spaces • 255,000 SF
      26 Mile Rd & Van Dyke Ave, Shelby Township, MI 48316
      View Details
    • Value Estimation by Request
      10,174 SF

      56265 Van Dyke Ave

      Retail properties & Spaces • 10,174 SF
      56265 Van Dyke Ave, Shelby Township, MI 48316
      View Details
    • Value Estimation by Request
      12,000 SF

      56736 Van Dyke Ave

      Retail properties & Spaces • 12,000 SF
      56736 Van Dyke Ave, Shelby Township, MI 48316
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Development Land on Van Dyke

      Land available for retail development on Van Dyke Avenue.
      25 Mile And Van Dyke, Shelby Township, MI 48316
      View Details
    • $119,999
      1.33 Acres

      Shelby Twp Wooded Homesite

      Prime 1.3 acre wooded parcel in Shelby Township.
      8480 Rosecrest Ct, Shelby Twp, MI 48316
      View Details
    • $1,899,000

      Land For Sale

      Land available for sale.
      56157 Van Dyke Ave, Shelby Township, MI 48316
      View Details
    • Contact for pricing

      22.6 Acre Commercial Land

      22.6 acre commercial land in Shelby Township, Michigan.
      23 Mile Rd, Shelby Township, MI 48316
      View Details
    • $174,900
      1.00 Acre

      Buildable Lot in Rochester Hills

      Nearly one-acre buildable lot in a convenient location.
      3459 Hazelton Ave, Rochester Hills, MI 48316
      View Details

    Similar Nearby for Lease

    • $3,726 /Mo
      1,600 SF

      Retail/Medical Units in Utica, MI

      Approved site for retail and medical units with drive-thru.
      51921 Van Dyke Ave, Utica, MI 48316
      View Details
    • Contact for pricing
      2,000 SF

      New Retail Center End Cap

      Newly developed retail space with potential drive-thru in Shelby.
      56261-56293 Van Dyke Ave, Shelby Township, MI 48316
      View Details
    • Contact for pricing

      Retail, Restaurant, and Office Spaces

      Retail, restaurant, and office spaces available for lease.
      55133 Van Dyke Ave, Shelby Twp, MI 48316
      View Details
    • Contact for pricing

      Anchored Shopping Center For Lease

      Shopping center anchored by Kroger, T.J. Maxx, and LA Fitness.
      26 Mile Rd & Van Dyke Ave, Shelby Township, MI 48316
      View Details
    • Contact for pricing

      Shelby Twp Retail Space

      Retail spaces available for lease in Shelby Township, Michigan.
      56265-56293 Van Dyke Ave, Shelby Twp, MI 48316
      View Details
    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.
    54999 Shelby Rd
    Shelby Township, MI 48316
    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
    54999 Shelby Rd, Shelby Township, MI, 48316
    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!