Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Whittaker Rd Ypsilanti Charter Township, MI 48197

    • Land
    • 25.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Whittaker Rd

    Lot size
    25.45 lot acres
    Property type
    Land

    Description

    This exceptional 25.45-acre commercial land parcel presents a remarkable investment opportunity in Ypsilanti Charter Township, Michigan. Strategically located on the northeast corner of Whittaker Road and Willis Road, this property boasts a prime location with high visibility and accessibility. Currently zoned GC (General Commercial), it offers significant development potential. A proposed site plan envisions a vibrant shopping center or a grocery store anchored development, with ample space for outlots. The zoning allows for the construction of a substantial parking area, accommodating up to 625 vehicles, based on a parking ratio of 5.04 spaces per 1,000 square feet. The property's location in Washtenaw County, with a 48197 zip code, places it within a thriving community with strong demographics. The asking price is $1,800,000, translating to $78,585.46 per acre, reflecting the exceptional value and potential of this development site. This is a rare opportunity to acquire a large, well-located commercial parcel ready for immediate development. The property is commonly referred to as being in Ypsilanti, although it's officially located in Augusta Township. Don't miss this chance to capitalize on this prime commercial real estate offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti Charter Township
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6013
    Latitude
    42.1752

    Comparable in this City

    • Value Estimation by Request
      0.47 Acres

      639 Hewitt Rd

      Land • 0.47 Acres
      639 Hewitt Rd, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      2.03 Acres

      2180 Ellsworth Rd

      Farms • 2.03 Acres
      2180 Ellsworth Rd, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      1.30 Acres

      2022 Washtenaw Ave

      Land • 1 SF
      2022 Washtenaw Ave, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      1.33 Acres

      1881 Whittaker Rd

      Land • 1.33 Acres
      1881 Whittaker Rd, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      9.36 Acres

      10800-10850 Rawsonville Rd

      Land • 9.36 Acres
      10800-10850 Rawsonville Rd, Ypsilanti Charter Township, MI 48197
      View Details
    • Value Estimation by Request
      4.00 Acres

      2324 Michigan Ave

      Land • 4.00 Acres
      2324 Michigan Ave, Ypsilanti, MI 48197
      View Details

    Similar Nearby for Sale

    • $60,000
      3.83 Acres

      Vacant Land in Ypsilanti Township

      Almost 4 acres of vacant land near shops and schools.
      7015 Merritt Rd, Ypsilanti, MI 48197
      View Details
    • Contact for pricing

      Ypsilanti Land For Sale

      1.31 acres of land available in Ypsilanti, Michigan.
      2022 Washtenaw Ave, Ypsilanti, MI 48197
      View Details
    • $314,640

      Land in Picturesque Setting

      Land offers ample room for landscaping and outdoor amenities.
      1 Munger Rd, Ypsilanti, MI 48197
      View Details
    • $1,200,000

      Carpenter Road Land Opportunity

      One acre land parcel on Carpenter Road available for purchase.
      4095 Carpenter Rd, Ypsilanti, MI 48197
      View Details
    • Contact for pricing

      Ypsilanti Vacant Land For Development

      4 acres of vacant land available for development in Ypsilanti.
      2023 Whittaker Rd, Ypsilanti, MI 48197
      View Details
    • New
      $37,000
      6.38 Acres

      6.38 Acres Vacant Land

      6.38 acres of vacant land in Ypsilanti Township.
      6700 Willis Rd, Ypsilanti, MI 48197
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease in Ypsilanti, Michigan.
      2022 Washtenaw Ave, Ypsilanti, MI 48197
      View Details
    • Contact for pricing

      Hard-Corner Lot Near I-94

      0.77 acre lot with high traffic and business zoning.
      617 S Hewitt & Ellsworth Rd, Ypsilanti, MI 48197
      View Details
    • $16 SF/Yr
      7,700 SF

      Renovated Retail/Office Space in Ypsilanti

      Renovated commercial space with high ceilings in historic downtown Ypsilanti.
      50 N Huron St, Ypsilanti, MI 48197
      View Details
    • $14 SF/Yr
      4,500 SF

      Ypsilanti Office Space Available

      4,500 square foot office space for lease in Ypsilanti.
      105 Pearl St, Ypsilanti, MI 48197
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office suites available in established medical building near hospital.
      3075 Clark Rd, Ypsilanti, MI 48197
      View Details
    • $15 SF/Yr

      Retail Space on Washtenaw Avenue

      Retail space for rent in well-maintained plaza near US-23.
      2888 Washtenaw Ave, Ypsilanti, MI 48197
      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.
    Whittaker Rd
    Ypsilanti Charter Township, MI 48197
    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.
    Sign Up Successful!
    You now have access to more from Realmo!