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    49045-49125 Van Dyke Ave Shelby Township, MI 48317
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    49045-49125 Van Dyke Ave, Shelby Township, MI 48317

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    • Shopping centers
    • 22,869 SF
    • 2.85 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shopping centers

    Property Details for 49045-49125 Van Dyke Ave

    Year built
    1996
    Lot size
    2.85 lot acres
    Property type
    Shopping centers
    Property subtype
    Shopping centers

    Description

    This exceptional 1-story, Class B retail plaza, built in 1996 and renovated in 2022, offers a fantastic opportunity for businesses seeking high visibility and strong demographics. Located at 49045-49125 Van Dyke Ave, Shelby Township, MI 48317, this property boasts a total of 22,869 square feet across two suites, with 3,034 square feet currently vacant. The minimum divisible space is 1,130 square feet, and the maximum contiguous space is 1,904 square feet. The plaza benefits from a convenient corner location with dual access points onto Van Dyke Avenue and 22 Mile Road, ensuring high traffic volume. Ample parking is provided with 144 spaces. The property sits on a 2.85-acre lot (APN: 07-21-476-010) and is zoned C-1. Join established tenants including Tubby's, Wild Bill's Tobacco, All Cities Driving School, DuValls HairStyles, and Living Springs. The property is professionally managed and offers a strong investment opportunity in the Macomb West submarket of Macomb County, Michigan. No elevators are present.

    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
    -83.0338
    Latitude
    42.6556

    Comparable in this City

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      18,712 SF

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      16,598 SF

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      5,000 SF

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      33,076 SF

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      45537-45581 Mound Rd, Shelby Township, MI 48317
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    • Value Estimation
      $2,815,000
      42,654 SF

      5227 Auburn Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      5227 Auburn Rd, Shelby Township, MI 48317-4113
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    • Value Estimation
      $840,000
      11,780 SF

      5665 Auburn Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      5665 Auburn Rd, Shelby Township, MI 48317-4121
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    Similar Nearby for Sale

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      103,403 SF

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      17,086 SF

      Mound Road Commercial Building

      17,086 SF building on 4.8 acres with development potential.
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      Mound Road Commercial Building

      High-visibility commercial building on 1.59 acres in Shelby, MI.
      50285 Mound Rd, Shelby, MI 48317
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    • Contact for pricing

      Van Dyke Retail/Office Space

      Retail/Office space on Van Dyke, south of 23 Mile Road.
      49550 Van Dyke Ave, Shelby Township, MI 48317
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    Similar Nearby for Lease

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      16,500 SF

      Retail Space in Shelby Township

      Retail space for lease in a multi-tenant property.
      50940-50980 Shelby Rd, Utica, MI 48317
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    • $5,500 /Mo

      Retail Drive-Thru with Seating

      Retail drive-thru available for lease with outside seating.
      48075 Van Dyke Ave, Utica, MI 48317
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    • $6,000 /Mo
      6,000 SF

      Shelby Twp Retail Opportunity

      Spacious 6,000 SF retail space in a vibrant location.
      49562 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • Contact for pricing

      Retail Space on Van Dyke

      Retail space available with existing plumbing infrastructure and signage.
      46260-46370 Van Dyke Ave, Shelby Twp, MI 48317
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    • $1,600 /Mo

      Retail Space on Van Dyke

      Retail space available for lease in Shelby Charter Township.
      46735 Van Dyke Ave, Utica, MI 48317
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    Shelby Township, MI 48317
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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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