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

    64441 Van Dyke Ave Washington, MI 48095

    • Land
    • 1.06 lot acres
    For Sale
    View listing
    $329,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 64441 Van Dyke Ave

    Lot size
    1.06 lot acres
    Property type
    Land

    Description

    This exceptional 1.059-acre commercial land parcel presents a remarkable development opportunity in the highly sought-after Washington Township, Michigan. Located at 64441 Van Dyke Ave, this property boasts a prime location with Commercial zoning already in place, simplifying the development process. The expansive lot size offers significant flexibility for a variety of commercial ventures, allowing for substantial building potential. The property's address is 64441 Van Dyke Ave, Washington, MI 48095, within Macomb County. Its precise coordinates are latitude 42.76514312816014 and longitude -83.018192138926. The parcel's Assessed Property Number (APN) is 24-04-14-100-010. This is a rare chance to acquire a sizable, commercially zoned lot in a thriving Michigan community. The asking price for this exceptional opportunity is $329,000. Don't miss this chance to secure a valuable asset in a desirable location with significant growth potential. Act quickly, as properties like this are in high demand.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0182
    Latitude
    42.7651

    Comparable in this City

    • Value Estimation by Request
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      25.25 Acres

      67800-67990 Powell Rd

      Land • 25.25 Acres
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      2.31 Acres

      67497 Van Dyke Ave

      Land • 2.31 Acres
      67497 Van Dyke Ave, Washington, MI 48095
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      8.00 Acres

      63920 Mound Rd

      Land • 8.00 Acres
      63920 Mound Rd, Washington, MI 48095
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      0.40 Acres

      Lot #30 Springdale Ct

      Land • 0.40 Acres
      0 Lot #30 Springdale Ct, Washington, MI 48095
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    Similar Nearby for Sale

    • $1,515,000
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      25 Acres Commercial Land, Washington, MI

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    • $329,000
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      Prime Washington Twp Commercial Land

      1.059-Acre Commercial Lot, $329,000
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    • $1,499,000
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      2.31 Acres

      Prime Commercial Land, Washington MI

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    Similar Nearby for Lease

    • Contact for pricing
      165,000 SF

      Industrial Park with Freeway Visibility

      Industrial park in Washington Township with M-53 freeway visibility.
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    • $1,499 /Mo

      Retail Space on Van Dyke

      1,900 SF retail space available for lease.
      64007 Van Dyke Rd, Washington, MI 48095
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    • $12 SF/Yr
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      Van Dyke Ave Retail Space

      Prime 1,734 SF Retail Building in Washington, MI
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    • Contact for pricing
      2,394 SF

      Washington Office Space For Rent

      Office space available for lease in Washington, Michigan.
      64845 Van Dyke Rd, Washington, MI 48095
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    • $500 /Mo

      Warehouse Barns for Lease

      Multiple warehouse-style barns available for equipment storage.
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    • $12 SF/Yr
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      Van Dyke Ave Commercial Building

      14,639 SF Office/Retail Space, MI
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    64441 Van Dyke Ave
    Washington, MI 48095
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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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