Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lotz Rd Canton, MI 48188
    Back to Search
    Property profile & analytics

    Lotz Rd Canton, MI 48188

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Lotz Rd

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 12.55-acre industrial land parcel presents a compelling development opportunity in Canton, Michigan. Strategically located south of Michigan Avenue on the west side of Lotz Road, this property boasts convenient access to I-275. The site comprises two parcels: Parcel Item No. 71-143-99-0009-000 (approximately 8.61 acres) and Parcel Item No. 71-142-99-0013-000 (approximately 3.94 acres). The combined acreage totals approximately 12.55 acres. This land is zoned L12: Light Industrial, offering flexibility for a variety of development projects. The asking price is $439,250, representing a below-market value proposition for this prime location and significant acreage. All measurements are approximate and should be independently verified. Ownership is conveyed via deed. This property is ideal for investors and developers seeking a high-potential investment in a thriving industrial area. The property's I-275 frontage provides excellent visibility and accessibility, making it an attractive location for businesses seeking a strategic presence in the region. Don't miss this chance to acquire this exceptional industrial land parcel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4369
    Latitude
    42.272

    Comparable in this City

    • Value Estimation by Request
      2.68 Acres

      2.68 Ac Belleville Rd

      Land • 2.68 Acres
      0 2.68 Ac Belleville Rd, Canton, MI 48188
      View Details
    • Value Estimation by Request
      7.72 Acres

      Lotz Rd

      Land • 7.72 Acres
      0 Lotz Rd, Canton, MI 48188
      View Details
    • Value Estimation
      $2,530,000
      27,582 SF

      5011 Lilley Rd

      INDUSTRIAL (GENERAL) • 27,582 SF
      5011 Lilley Rd, Canton, MI 48188-2736
      View Details
    • Value Estimation
      $1,800,000
      19,620 SF

      5601 Belleville Rd

      INDUSTRIAL (GENERAL) • 19,620 SF
      5601 Belleville Rd, Canton, MI 48188-2425
      View Details
    • Value Estimation by Request
      4,200 SF

      Yost Rd

      INDUSTRIAL (GENERAL) • 4,200 SF
      Yost Rd, Canton, MI 48188
      View Details
    • Value Estimation
      $2,910,000
      31,701 SF

      42770 Executive Dr

      INDUSTRIAL (GENERAL) • 31,701 SF
      42770 Executive Dr, Canton, MI 48188-3600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1 SF

      Land For Sale

      Land available for sale.
      Michigan Ave & Old Canton Ctr Rd, Canton, MI 48188
      View Details
    • Contact for pricing
      55,000 SF

      Canton Industrial Property For Sale

      55,000 sqft industrial property available in Canton, Michigan.
      44052 Yost Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Land Available in Canton, MI

      Land for sale at 50166 Cherry Hill Rd, Canton, MI.
      50166 Cherry Hill Rd, Canton, MI 48188
      View Details
    • $331,000

      Vacant Land on Cherry Hill

      2.81 acres of vacant land in Canton, Michigan.
      41983 Cherry Hill Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Land For Sale I-275 Frontage

      Land with frontage along I-275 Expressway, north of Van Born.
      Lotz Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      44927 Michigan Ave, Canton, MI 48188
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease at Michigan Ave & Beck Rd.
      Nec Michigan Ave & Beck Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      New Construction Flex Space Available

      Premium flex space in established park, quick access to I-275.
      41721 Haggerty Cir S, Canton, MI 48188
      View Details
    • Contact for pricing

      Land Ready for Development

      Land with building approval for retail/office in Cherry Hill.
      50377 Cherry Hill Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease.
      Michigan Ave & Old Canton Ctr Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Canton Crossings Retail Development Outlots

      Prime retail outlots in high-traffic Canton Crossings development.
      4315 Old Canton Ctr Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Canton Retail and Automotive Space

      Retail and automotive spaces available for lease in Canton, MI.
      50409-50469 Independence St, Canton, MI 48188
      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.
    Lotz Rd
    Canton, MI 48188
    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
    Lotz Rd, Canton, MI, 48188
    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!