Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3360 Grv St Superior Charter Township, MI 48198

    • Land
    • 4.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3360 Grv St

    Lot size
    4.00 lot acres
    Property type
    Land

    Description

    This exceptional 4-acre commercial land parcel presents a unique opportunity in Ypsilanti Charter Township, Washtenaw County, Michigan. Located at 3360 S Grove St, this single-tenant property is zoned B-3, offering significant flexibility for development. The expansive lot size provides ample space for a variety of commercial ventures. The property's strategic location at the southwest corner of Grove and Rawsonville Roads ensures high visibility and accessibility, making it ideal for businesses seeking strong exposure. With no existing buildings, this site is a blank canvas for a build-to-suit project, allowing for complete customization to meet specific business needs. The property is available for sale, lease, or build-to-suit options, providing flexibility for potential buyers or tenants. This prime location in Washtenaw County offers easy access to major transportation routes and a thriving local economy. The 4-acre lot size (4 acres confirmed by both Lot Size and Land Acres fields) provides substantial space for development, accommodating large-scale projects or allowing for future expansion. The B-3 zoning designation opens doors to a wide range of commercial uses, making this an attractive investment opportunity for developers and businesses alike. The property's address is 3360 S Grove St, Ypsilanti Charter Township, MI 48198.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Superior Charter Township
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.5442
    Latitude
    42.2134

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      2403 Michigan Ave

      Land • 0.23 Acres
      2403 Michigan Ave, Ypsilanti, MI 48198
      View Details
    • Value Estimation by Request
      2.75 Acres

      1501-1539 Prospect Rd

      Land • 2.75 Acres
      1501-1539 Prospect Rd, Superior Charter Township, MI 48198
      View Details
    • Value Estimation by Request
      0.36 Acres

      1150 Watson Ave

      Land • 0.36 Acres
      1150 Watson Ave, Ypsilanti Charter Township, MI 48198
      View Details
    • Value Estimation by Request
      0.68 Acres

      2084 Michigan Ave

      Land • 0.68 Acres
      2084 Michigan Ave, Ypsilanti, MI 48198
      View Details
    • Value Estimation by Request
      1.76 Acres

      3373 Michigan Ave

      Land • 1.76 Acres
      3373 Michigan Ave, Superior Charter Township, MI 48198
      View Details
    • Value Estimation by Request
      1 SF

      1501-1539 Prospect Rd

      Land • 1 SF
      1501-1539 Prospect Rd, Superior Charter Township, MI 48198
      View Details

    Similar Nearby for Sale

    • $1,400,000
      21.76 Acres

      Ypsilanti Township Commercial Land

      21.76 Acres, I-94 Proximity, Light Industrial
      1733 Mcgregor Ave, Ypsilanti Charter Township, MI 48198
      View Details
    • Contact for pricing
      6.59 Acres

      Ypsilanti Commercial Land - 6.59 Acres

      Prime Ypsilanti development opportunity. Ready for your vision.
      953 Michigan Ave, Ypsilanti, MI 48198
      View Details
    • Contact for pricing
      0.36 Acres

      Ypsilanti Industrial Land - $15K

      0.36-acre industrial lot near I-94.
      1150 Watson Ave, Ypsilanti Charter Township, MI 48198
      View Details
    • Contact for pricing
      5.55 Acres

      Ypsilanti Commercial Land - 5.55 Acres

      Prime Ypsilanti commercial land, development ready.
      2590 Michigan Ave, Ypsilanti, MI 48198
      View Details
    • Contact for pricing
      0.68 Acres

      Ypsilanti Commercial Land Opportunity

      0.68-acre development-ready lot.
      2084 Michigan Ave, Ypsilanti, MI 48198
      View Details
    • Contact for pricing
      0.23 Acres

      Ypsilanti Commercial Land - Development Ready

      Vacant .23-acre lot, prime commercial zoning.
      2403 Michigan Ave, Ypsilanti, MI 48198
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Ypsilanti Commercial Land for Lease

      2.75 Acres, Single Tenant Opportunity
      1501-1539 Prospect Rd, Superior Charter Township, MI 48198
      View Details
    • Contact for pricing

      Ypsilanti Executive Office Space

      Modern Office & Warehouse Space Available
      2701 Airport Dr, Ypsilanti, MI 48198
      View Details
    • Contact for pricing
      3,000 SF

      Ypsilanti Auto Service Center For Lease

      Modern 3,000 SF Auto Shop - Excellent Location
      2380 Michigan Ave, Ypsilanti, MI 48198
      View Details
    • $375,000
      2,748 SF

      Former Bank in Bustling Downtown

      Well-maintained former bank with parking in a bustling downtown area.
      123 W Michigan Ave, Ypsilanti, MI 48198
      View Details
    • $1,250 /Mo
      1,000 SF

      Ypsilanti Office Space Available

      Flexible office space ideal for medical or professional services.
      740 Emerick St, Ypsilanti, MI 48198
      View Details
    • $2 SF/Yr
      58,925 SF

      Ypsilanti Industrial Space for Lease

      58,925 SF Warehouse, Prime Location
      12 Forest Ave, Ypsilanti, MI 48198
      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.
    3360 Grv St
    Superior Charter Township, MI 48198
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.