Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3090 Carpenter Rd Ypsilanti, MI 48197
    Back to Search
    Property profile & analytics

    3090 Carpenter Rd, Ypsilanti, MI 48197

    View on Map
    • Retail properties & Spaces
    • 12,627 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service
    • Coinhub Bitcoin ATM Teller / Atm
    • Citizens ATM / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 3090 Carpenter Rd

    Property type
    Retail properties & Spaces

    Description

    This exceptional 12,627-square-foot retail space is available for lease at 3090 Carpenter Road in Ypsilanti, Michigan. Located in Washtenaw County, this single-tenant property presents a significant opportunity for businesses seeking a substantial footprint in a vibrant community. The entire building is currently vacant, offering complete flexibility for a new tenant to customize the space to their specific needs. The property's size allows for a wide range of retail concepts, from large-format stores to multi-functional spaces. Its strategic location in Ypsilanti provides excellent access to a diverse customer base and strong regional connectivity. The property is classified as commercial retail and offers a blank canvas for a business looking to establish a prominent presence. With its ample square footage and prime location, this property is ideal for businesses seeking high visibility and significant space to operate. The property is situated at 42.2448877 latitude and -83.682128 longitude, providing easy access for customers and employees. The zip code is 48197. This is a rare opportunity to secure a substantial retail space in a desirable location. Interested parties are encouraged to inquire further to explore the possibilities this property offers. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6821
    Latitude
    42.2449

    Comparable in this City

    • Value Estimation by Request
      27,816 SF

      4003-4039 Carpenter Rd

      Neighborhood centers
      4003-4039 Carpenter Rd, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      0.77 Acres

      617 Hewitt Rd

      Land
      617 Hewitt Rd, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      0.77 Acres

      617 Hewitt & Ellsworth Rd

      Land
      617 Hewitt & Ellsworth Rd, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      25,306 SF

      3725-3785 Carpenter Rd

      Neighborhood centers
      3725-3785 Carpenter Rd, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      2,264 SF

      2835 Washtenaw Ave

      Restaurants
      2835 Washtenaw Ave, Ypsilanti, MI 48197
      View Details
    • Value Estimation by Request
      1.90 Acres

      7200 Kalitta Ct

      Land
      7200 Kalitta Ct, Ypsilanti, MI 48197
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,207 SF

      High-Traffic Corner Redevelopment Opportunity

      Prime corner lot for redevelopment with high visibility and traffic.
      617 S Hewitt Rd, Ypsilanti, MI 48197
      View Details
    • $425,000
      671 SF

      Turnkey Cinnabon & Auntie Anne's Franchise

      Profitable, dual-brand franchise inside Meijer with strong sales and foot traffic.
      3825 Carpenter Rd, Ypsilanti, MI 48197
      View Details
    • Contact for pricing
      2,264 SF

      Freestanding Restaurant with Drive-Thru

      2,264 SF restaurant with drive-thru on 0.66 acres.
      2835 Washtenaw Ave, Ypsilanti, MI 48197
      View Details
    • Contact for pricing

      Retail Space Near Depot Town

      Retail property located near I-94 and Eastern Michigan University.
      1266-1342 Anna J Stepp Dr, Ypsilanti, MI 48197
      View Details
    • $375,000
      3,400 SF

      Downtown Ypsilanti Retail and Residential

      Retail space with upstairs two-bedroom unit in downtown Ypsilanti.
      108 W Michigan Ave, Ypsilanti, MI 48197
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,699 SF

      Retail Space in Ypsilanti

      Retail space in high-traffic Ypsilanti location near universities.
      608 S Hewitt Rd, Ypsilanti, MI 48197
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      3825 Carpenter Rd, Ypsilanti, MI 48197
      View Details
    • $15 SF/Yr
      1,700 SF

      Downtown Ypsilanti Retail and Residential

      Retail space with upstairs residential unit in downtown Ypsilanti.
      108 W Michigan Ave, Ypsilanti, MI 48197
      View Details
    • $1,200 /Mo

      Ypsilanti Arts District Creative Space

      Unique studio/retail space in the heart of Ypsilanti's Arts District.
      56 N Huron St, Ypsilanti, MI 48197
      View Details
    • Contact for pricing
      3,695 SF

      Retail Space in Ypsilanti

      Retail property with high visibility and strong tenant mix.
      2720-2850 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.
    3090 Carpenter Rd
    Ypsilanti, 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

    Thank You for Inquiry
    3090 Carpenter Rd, Ypsilanti, MI, 48197
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!