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    19 Mile & Garfield Clinton Township, MI 48038
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    19 Mile & Garfield Clinton Township, MI 48038

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    • Retail properties & Spaces
    • 1,610 SF
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 19 Mile & Garfield

    Lot size
    1.50 lot acres
    Property size
    1,610 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional new retail development sits on a prominent 1.5-acre corner lot at the hard corner of 19 Mile and Garfield Roads in Clinton Township, Michigan (zip code 48038). The property offers a range of space options, from smaller shop spaces to larger units capable of accommodating drive-thru facilities, with total square footage ranging from 1,610 to 15,470 square feet. Its strategic location provides excellent visibility and accessibility, boasting significant traffic flow and high residential density. The development benefits from prominent monument and building signage, ensuring maximum brand exposure. Furthermore, its proximity to major retail destinations like Partridge Creek and Lakeside Mall, and its location just one mile south of Hall Road, places it within a thriving commercial corridor. This presents a unique opportunity for businesses seeking high-traffic locations with strong visibility and ample space to establish a successful presence. The entire 1.5-acre hard corner is also available for sale. This development offers a compelling combination of location, size flexibility, and visibility, making it an ideal investment for a variety of retail businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9529
    Latitude
    42.6129

    Comparable in this City

    • Value Estimation by Request
      15,384 SF

      40700-40820 Garfield Rd

      Shopping centers • 15,384 SF
      40700-40820 Garfield Rd, Clinton Township, MI 48038
      View Details
    • Value Estimation by Request
      2,423 SF

      42490 Garfield Rd

      Individual retail properties • 2,423 SF
      42490 Garfield Rd, Clinton Township, MI 48038
      View Details
    • Value Estimation by Request
      23,180 SF

      40280-40522 Hayes Rd

      Office Units • 23,180 SF
      40280-40522 Hayes Rd, Clinton Township, MI 48038
      View Details
    • Value Estimation by Request
      9,000 SF

      42954 Hayes Rd

      Retail properties & Spaces • 9,000 SF
      42954 Hayes Rd, Clinton Township, MI 48038
      View Details
    • Value Estimation by Request

      40821 Garfield Rd

      Office properties & Spaces
      40821 Garfield Rd, Clinton Township, MI 48038
      View Details
    • Value Estimation
      $890,000
      4,500 SF

      22070 Hall Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      22070 Hall Rd, Clinton Township, MI 48038-1543
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Kroger Center

      Prime 2,000 SF space in a Kroger-anchored shopping center.
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      2,000 SF

      Retail Space in Kroger Center

      2,000 SF retail space in Clinton Township.
      41601-41941 Garfield Rd, Clinton Township, MI 48038
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      Turnkey Corned Beef Restaurant

      Thriving carryout restaurant specializing in corned beef for sale.
      21300 Hall Rd, Clinton Township, MI 48038
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      Corner Retail Development Opportunity

      Retail spaces available in Clinton Township, great traffic.
      19 Mile & Garfield, Clinton Township, MI 48038
      View Details
    • Contact for pricing

      Land For Sale

      0.62 acre land available for sale.
      0.62 Acres On Cor Of Clinton Riv Rd, Clinton Township, MI 48038
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Retail Space Available For Rent

      Office/retail space suitable for various businesses.
      44990 Heydenreich Rd, Clinton Township, MI 48038
      View Details
    • $12 SF/Yr
      1,250 SF

      Retail Space Near Lakeside Mall

      Retail space with great visibility and ample parking available for lease.
      40000 Hayes Rd, Clinton Township, MI 48038
      View Details
    • Contact for pricing

      Retail/Office Building For Lease

      Retail or medical/office building with excellent main road exposure.
      41800 Hayes Rd, Clinton Township, MI 48038
      View Details
    • $10 SF/Yr
      2,423 SF

      Prime Medical Office Space Available

      Versatile Office Suites near Henry Ford Hospital
      42490 Garfield Rd, Clinton Township, MI 48038
      View Details
    • Contact for pricing

      Salon/Med Spa Retail Space

      Operating salon/med spa in well-maintained plaza near Hall Road.
      44464 Hayes Rd, Clinton Twp, MI 48038
      View Details
    Request Owner's contact information
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    19 Mile & Garfield
    Clinton Township, MI 48038
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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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