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    25940-26200 Greenfield Rd Oak Park, MI 48237

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    25940-26200 Greenfield Rd Oak Park, MI 48237

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    • Retail properties & Spaces
    • 10,880 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 25940-26200 Greenfield Rd

    Property size
    10,880 SF
    Property type
    Retail properties & Spaces

    Description

    Lincoln Center, located at 25940-26200 Greenfield Rd in Oak Park, Michigan (zip code 48237), presents a unique retail investment opportunity. This multi-tenant commercial property boasts a total of 10,880 square feet, with 10,680 square feet currently available for lease. Spaces range from a minimum of 2,280 square feet to a maximum contiguous space of 5,200 square feet, offering flexibility for various business needs. The property enjoys a highly visible location at the intersection of Greenfield and Lincoln Street, providing excellent accessibility. Its strategic position offers easy access to major thoroughfares including I-696, US-39/Southfield Road, and M-10/John C Lodge Freeway, ensuring high traffic volume and convenient commutes for both employees and customers. Further enhancing its appeal, Lincoln Center benefits from the proximity of newly constructed Kroger and Aldi stores, drawing significant foot traffic from Oak Park and surrounding communities. Ample parking is available, making it an ideal location for a variety of businesses, including service-oriented enterprises, clothing retailers, and discount stores. This property, situated in Oakland County, presents a compelling opportunity for businesses seeking a well-located and accessible retail space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oak Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2006
    Latitude
    42.4826

    Comparable in this City

    • Value Estimation by Request
      7,930 SF

      13770 9 Mile Rd

      Retail properties & Spaces • 7,930 SF
      13770 9 Mile Rd, Oak Park, MI 48237
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      9,456 SF

      Troy St

      Individual retail properties • 9,456 SF
      0 Troy St, Oak Park, MI 48237
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    • Value Estimation by Request
      33,814 SF

      23100-23300 Coolidge Hwy

      Medical Office Space • 33,814 SF
      23100-23300 Coolidge Hwy, Oak Park, MI 48237
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      19,288 SF

      15301-15475 Miller St

      Multifamily properties • 19,288 SF
      15301-15475 Miller St, Oak Park, MI 48237
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    • Value Estimation by Request

      24800 Greenfield Rd

      Specialty properties
      24800 Greenfield Rd, Oak Park, MI 48237
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    • Value Estimation by Request
      13,802 SF

      13550 9 Mile Rd

      Individual retail properties • 13,802 SF
      13550 9 Mile Rd, Oak Park, MI 48237
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,088 SF

      High-Visibility Commercial Space on 9 Mile

      5,088 SF commercial space on 9 Mile Road.
      10160 w Nine Mile Rd, Oak Park, MI 48237
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    • $225,000

      Oak Park Retail/Office Opportunity

      Vacant building in the heart of Oak Park, Michigan.
      10140-10150 W Nine Mile Rd, Oak Park, MI 48237
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      2,840 SF

      Retail Space in Oak Park

      Established strip center location on Coolidge Hwy and Nine Mile.
      22121 Coolidge Hwy, Oak Park, MI 48237
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    • $889,000

      Oak Park Commercial Building Opportunity

      High-potential commercial building in a booming business location.
      20800 Greenfield Rd, Oak Park, MI 48237
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    • $450,000
      1,519 SF

      Retail Corner Location For Sale

      Retail property at a signalized corner location.
      25761 Coolidge Hwy, Oak Park, MI 48237
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    Similar Nearby for Lease

    • Contact for pricing

      Oak Park Commercial Space Available

      Commercial space for lease in Oak Park, Michigan.
      23100-23300 Coolidge Hwy, Oak Park, MI 48237
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    • $2,200 /Mo

      Retail Space on Coolidge Avenue

      Retail space for lease in Oak Park, near I-696.
      26001 Coolidge Hwy, Oak Park, MI 48237
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      Retail Space For Lease

      Retail space available for lease in Oak Park, Michigan.
      23300 Greenfield Rd, Oak Park, MI 48237
      View Details
    • $750 /Mo

      Retail Space on Greenfield Road

      Second-floor retail space suitable for various business types.
      21600 Greenfield Rd, Oak Park, MI 48237
      View Details
    • Contact for pricing

      Greenfield Plaza Commercial Space Available

      Flexible commercial spaces for retail, offices, and specialty businesses.
      21700 Greenfield Rd, Oak Park, MI 48237
      View Details
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    Oak Park, MI 48237
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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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