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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Address Not Disclosed Macomb, MI 48042

    • Retail properties
    • 1,050 SF
    • 5.78 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Address Not Disclosed

    Year built
    2005
    Lot size
    5.78 lot acres
    Property size
    1,050 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This established nail salon in Macomb, Michigan presents a unique owner-user investment opportunity. Located in a C2 zoned shopping plaza on a 5.782-acre lot, this 1,050 square foot storefront boasts 100% occupancy and is available for $179,900 ($171.33/sq ft). Built in 2005, the single-story building is part of a larger complex. The sale includes all equipment, making this a truly turnkey operation. The business operates under a gross lease, simplifying financial management. This is a business-only sale

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9409
    Latitude
    42.6743

    Comparable in this City

    • Value Estimation by Request
      14,462 SF

      21828 23rd Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,462 SF
      21828 23rd Mile Rd, Macomb, MI 48042-4422
      View Details
    • Value Estimation by Request
      12,320 SF

      22230 23rd Mile Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,320 SF
      22230 23rd Mile Rd, Macomb, MI 48042-4402
      View Details
    • Value Estimation by Request
      4,800 SF

      45410 Gratiot Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      45410 Gratiot Ave, Macomb, MI 48042-5443
      View Details
    • Value Estimation by Request
      20,000 SF

      51058-51336 Romeo Plank Rd

      Retail properties • 20,000 SF
      51058-51336 Romeo Plank Rd, Macomb, MI 48042
      View Details
    • Value Estimation by Request
      60,000 SF

      22000 23 Mile Rd

      Medical offices • 60,000 SF
      22000 23 Mile Rd, Macomb, MI 48042
      View Details
    • Value Estimation by Request
      12,970 SF

      50980 North Ave

      Retail properties • 12,970 SF
      50980 North Ave, Macomb, MI 48042
      View Details

    Similar Nearby for Sale

    • $250,000
      0.47 Acres

      Macomb Retail Space - $250K

      Prime Macomb storefront, office, and land.
      16701 25 Mile Rd, Macomb, MI 48042
      View Details
    • $1,700,000
      8,474 SF

      Macomb Industrial Distribution Center

      Net lease investment, 7.41% cap rate, 10-year lease.
      46025 Gratiot Ave, Macomb, MI 48042
      View Details
    • $220,000

      North Avenue Development Opportunity

      Prime commercial land for development with high exposure potential.
      50279 North Ave, Macomb, MI 48042
      View Details
    • $3,250,000
      21.74 Acres

      Prime Gratiot Frontage Land

      21.74 acres of commercial and residential land on Gratiot.
      45729 Gratiot Ave, Macomb Twp, MI 48042
      View Details
    • $3,250,000
      21.74 Acres

      Prime Gratiot Frontage Land

      21.74 acres of prime commercial and residential land.
      45729 Gratiot Ave, Macomb Twp, MI 48042
      View Details
    • $85,000
      1.60 Acres

      Residential Land in Macomb

      Vacant land suitable for building a home near amenities.
      24383 Chapman Rd, Macomb, MI 48042
      View Details

    Similar Nearby for Lease

    • $3,392 /Mo

      Macomb Township Retail/Office Space

      Retail or office space available for lease in Macomb Township.
      24600 Wood Ct, Macomb, MI 48042
      View Details
    • $3,125 /Mo

      Macomb Township Commercial Space Available

      Commercial space for rent in Macomb Township, Michigan.
      17016 25 Mile Rd, Macomb, MI 48042
      View Details
    • $2,000 /Mo
      5,100 SF

      Macomb Retail/Office Space Available

      Prime retail/office space in high-traffic Macomb Township plaza.
      23135 21 Mile Rd, Macomb, MI 48042
      View Details
    • $25 SF/Yr
      6,000 SF

      Macomb County Medical Office Space

      New 6,000 SF medical/commercial building. Four suites available.
      16984 25 Mile Rd, Macomb, MI 48042
      View Details
    • $15 SF/Yr
      60,000 SF

      Macomb, MI Office Space Available

      4,030 SF Medical/Office Suite in Macomb
      22000 23 Mile Rd, Macomb, MI 48042
      View Details
    • Contact for pricing
      20,000 SF

      Macomb Township Retail Space

      Prime Retail Space, Macomb County, MI
      51058-51336 Romeo Plank Rd, Macomb, MI 48042
      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.
    Address Not Disclosed
    Macomb, MI 48042
    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.