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
    Back to Search
    Property profile & analytics

    27475-27603 Schoolcraft Rd Livonia, MI 48150

    • Industrial properties
    • 160,446 SF
    For Lease
    View listing
    $7 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 27475-27603 Schoolcraft Rd

    Year built
    1979
    Property size
    160,446 SF
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional industrial property, the Jeffries Commerce Center, presents a compelling investment opportunity in Livonia, Michigan. Located at 27475-27603 Schoolcraft Road, this 11.15-acre site boasts five single-story buildings totaling 160,446 square feet of manufacturing space. The property is classified as Class B and was constructed in 1979. Multiple tenancies are available, with a minimum divisible space of 800 square feet and a maximum contiguous space of 8,000 square feet. Currently, 9,600 square feet is vacant and ready for immediate occupancy. The buildings feature a 16-foot ceiling height, providing ample vertical space for various industrial operations. Loading capabilities include two loading docks and one dock-high door. The property is equipped with 240-volt, 3-phase power, suitable for a range of manufacturing processes. Zoned M-2 General Manufacturing, this property is ideally situated in Wayne County, Michigan, with convenient access to major transportation routes. This is a rare opportunity to secure prime industrial space in a thriving location. Contact us today to learn more about the available units and lease terms.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3168
    Latitude
    42.382

    Comparable in this City

    • Value Estimation by Request
      218,051 SF

      12301 Farmington Rd

      MANUFACTURING (LIGHT) • 218,051 SF
      12301 Farmington Rd, Livonia, MI 48150-1747
      View Details
    • Value Estimation by Request
      94,575 SF

      35901 Schoolcraft Rd

      MANUFACTURING (LIGHT) • 94,575 SF
      35901 Schoolcraft Rd, Livonia, MI 48150-1215
      View Details
    • Value Estimation by Request
      12,400 SF

      35803 Veronica St

      MANUFACTURING (LIGHT) • 12,400 SF
      35803 Veronica St, Livonia, MI 48150-1205
      View Details
    • Value Estimation by Request
      49,248 SF

      12163 Globe St

      MANUFACTURING (LIGHT) • 49,248 SF
      12163 Globe St, Livonia, MI 48150-1142
      View Details
    • Value Estimation by Request
      9,600 SF

      12447 Hartel St

      MANUFACTURING (LIGHT) • 9,600 SF
      12447 Hartel St, Livonia, MI 48150-2379
      View Details
    • Value Estimation by Request
      7,597 SF

      30711 Industrial Rd

      MANUFACTURING (LIGHT) • 7,597 SF
      30711 Industrial Rd, Livonia, MI 48150-2021
      View Details

    Similar Nearby for Sale

    • $5,100,000
      53,855 SF

      Air Conditioned Warehouse with Cranes

      53,855 SF warehouse with cranes for sale.
      12147-12163 Globe St, Livonia, MI 48150
      View Details
    • $1,500,000
      11,298 SF

      Livonia Warehouse with Crane Access

      Move-in ready warehouse with cranes and updated roof.
      33875 Capitol St, Livonia, MI 48150
      View Details
    • $5,654,775
      53,855 SF

      Livonia Warehouse: Prime Location

      53,855 SF Warehouse, Multi-Tenant
      12147 Globe St, Livonia, MI 48150
      View Details
    • Contact for pricing
      2.00 Acres

      Novi Industrial Land - 2 Parcels

      Prime Novi location, retail zoning, high traffic.
      10 Mile And Novi Rd, Livonia, MI 48150
      View Details
    • $369,000
      3,584 SF

      Freestanding Building on Plymouth Road

      3,584 SF building with C-2 zoning and main road exposure.
      29175 Plymouth Rd, Livonia, MI 48150
      View Details
    • $11,950,000
      219,000 SF

      Livonia Industrial Facility - $11.95M

      219,000 SF Warehouse, Freezer, Office
      12301 Farmington Rd, Livonia, MI 48150
      View Details

    Similar Nearby for Lease

    • $3,150 /Mo

      Livonia Industrial End-Unit For Rent

      3,200 SF industrial building with office space in Livonia.
      11897 Belden Ct, Livonia, MI 48150
      View Details
    • $7 SF/Yr
      17,200 SF

      Livonia Warehouse/Manufacturing Space Available

      Warehouse or manufacturing space for lease in Livonia.
      35687 Industrial Rd, Livonia, MI 48150
      View Details
    • $7 SF/Yr
      160,446 SF

      Jeffries Commerce Center: Livonia, MI

      Livonia Industrial Space: Multiple Units Available
      27475-27603 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • $12 SF/Yr
      12,180 SF

      Livonia Office/Industrial Space

      12,180 SF, 2,200 SF Available
      37453 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      40,602 SF

      Manufacturing Building with Cranes

      Manufacturing building featuring cranes, truck docks, and updated office space.
      30111 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • $10 SF/Yr
      2,000 SF

      Industrial Space Available For Lease

      2,000 SF industrial space for lease in Livonia, MI.
      37453-37481 Schoolcraft Rd, Livonia, MI 48150
      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.
    27475-27603 Schoolcraft Rd
    Livonia, MI 48150
    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.

    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
    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.