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    Nwq Frd Rd & Canton Ctr Rd Canton, MI 48187
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    Nwq Frd Rd & Canton Ctr Rd Canton, MI 48187

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    • Land
    • 3.59 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nwq Frd Rd & Canton Ctr Rd

    Lot size
    3.59 lot acres
    Property type
    Land

    Description

    This exceptional 3.59-acre commercial land parcel presents a rare investment opportunity in the thriving Canton, Michigan market. Located at the intersection of Nwq Ford Road and Canton Center Road in Wayne County, this property boasts a highly desirable C-2 Community Service zoning designation, opening doors to a wide range of commercial development possibilities. Its strategic location offers unparalleled visibility and accessibility, situated directly across from a Kroger Marketplace and the recently opened T.J. Maxx. The proximity to a busy Meijer store further enhances the property's appeal, ensuring high traffic volume and significant consumer exposure. This prime location within Canton's bustling commercial corridor guarantees strong potential for future growth and profitability. The expansive lot size provides ample space for a variety of development projects, catering to diverse business needs. With its ideal zoning, strategic location, and significant size, this property represents a unique chance to establish a thriving commercial venture in a high-demand area. The address is easily accessible from major roadways, ensuring convenient access for both customers and employees. This is an exceptional opportunity for investors and developers seeking a prominent location in a rapidly growing market. The property's potential is undeniable, making it an attractive investment for those seeking a high-return opportunity in a prime commercial location. Don't miss this chance to secure a piece of Canton's vibrant commercial landscape. The zip code is 48187.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4879
    Latitude
    42.322

    Comparable in this City

    • Value Estimation by Request
      66.31 Acres

      Ford Rd

      Land • 66.31 Acres
      0 Ford Rd, Canton, MI 48187
      View Details
    • Value Estimation by Request
      20.00 Acres

      Swc Frd Rd & Al Smith St

      Land • 20.00 Acres
      0 Swc Frd Rd & Al Smith St, Canton, MI 48187
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    • Value Estimation by Request
      3.08 Acres

      Sec Warren & Sheldon Rds

      Land • 3.08 Acres
      0 Sec Warren & Sheldon Rds, Canton, MI 48187
      View Details
    • Value Estimation by Request
      3.08 Acres

      Sec Warren & Sheldon Rd

      Land • 3.08 Acres
      0 Sec Warren & Sheldon Rd, Canton, MI 48187
      View Details
    • Value Estimation by Request
      6.55 Acres

      6.55 Acres – Frd Rd

      Land • 6.55 Acres
      0 6.55 Acres – Frd Rd, Canton, MI 48187
      View Details
    • Value Estimation by Request

      Canton Mi

      Land
      0 Canton Mi, Canton, MI 48187
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      7560 N Haggerty Rd, Canton, MI 48187
      View Details
    • $475,000
      6.55 Acres

      Canton Commercial Land - Ford Road

      6.55 Acres, R-1 Zoning, $475,000
      0 6.55 Acres – Frd Rd, Canton, MI 48187
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Sec Warren & Sheldon Rds, Canton, MI 48187
      View Details
    • Contact for pricing

      2.97 Acres of Land Available

      2.97 acres of land for sale.
      7560 Haggerty Rd, Canton, MI 48187
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease in Canton, Michigan.
      Sec Warren & Sheldon Rd, Canton, MI 48187
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      Commerce Blvd Land For Lease

      Land available for lease on Commerce Boulevard in Canton.
      6882 Commerce Blvd, Canton, MI 48187
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      161,608 SF

      Canton Industrial Land - Warren Rd

      3.71-acre lot, build-to-suit options.
      0 Warren Rd, Canton, MI 48187
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    • Contact for pricing

      Outlots for Lease or Build

      Multiple commercial outlots available for lease or build-to-suit.
      Ford Rd, Canton, MI 48187
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Canton, Michigan.
      45570 Maben Rd, Canton, MI 48187
      View Details
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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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    Nwq Frd Rd & Canton Ctr Rd, Canton, MI, 48187
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