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    12100 Inkster Rd Livonia, MI 48150
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    12100 Inkster Rd, Livonia, MI 48150

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    • Retail properties & Spaces
    • 15,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 12100 Inkster Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.85-acre commercial land parcel presents a unique investment opportunity in the thriving Redford, MI submarket of Wayne County. Ideally situated on the east side of Inkster Road, between I-96 and Plymouth Roads, this property boasts high visibility and accessibility. Zoned C2, it allows for a diverse range of uses, including medical, office, and retail developments. With a total buildable area of up to 15,000 square feet, this site offers significant potential for developers seeking to capitalize on a high-traffic location. The property includes ample parking with 183 spaces to accommodate customers and employees. Placer AI traffic data indicates over 33,000 vehicles pass by daily, ensuring substantial exposure for any business established here. The site's strategic location within a 5-mile radius of a population exceeding 318,997 residents guarantees a robust customer base. Currently vacant, this 15,000 square foot site is ready for immediate development, making it an attractive proposition for investors seeking a prime location with high growth potential in a densely populated area. The single-tenant zoning provides flexibility for a variety of development plans. This is a rare opportunity to acquire a well-positioned commercial property in a rapidly growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3135
    Latitude
    42.3694

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      8959 Wayne Rd

      Neighborhood centers
      8959 Wayne Rd, Livonia, MI 48150
      View Details
    • Value Estimation by Request
      34,964 SF

      36083 Plymouth Rd

      Lifestyle centers
      36083 Plymouth Rd, Livonia, MI 48150
      View Details
    • Value Estimation by Request
      750 SF

      13830 Merriman Rd

      Restaurants
      13830 Merriman Rd, Livonia, MI 48150
      View Details
    • Value Estimation by Request
      2.00 Acres

      10 Mile And Novi Rd

      Land
      10 Mile And Novi Rd, Livonia, MI 48150
      View Details
    • Value Estimation
      $975,000
      17,957 SF

      29055 Plymouth Rd

      SHOW ROOM, WAREHOUSE
      29055 Plymouth Rd, Livonia, MI 48150-2338
      View Details
    • Value Estimation
      $1,135,000
      20,870 SF

      30850 Plymouth Rd

      SHOW ROOM, WAREHOUSE
      30850 Plymouth Rd, Livonia, MI 48150-2102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,110 SF

      Livonia Retail Opportunity

      24,110 SF retail building in Livonia, Michigan.
      35555 Plymouth Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      1,500 SF

      High-Visibility Retail Space on Plymouth

      1,980 SF retail building with high traffic exposure.
      31507 Plymouth Rd, Livonia, MI 48150
      View Details
    • New
      $369,000
      3,584 SF

      Freestanding Retail Building with Signage

      Freestanding C-2 building offers prime main road exposure and signage with flexible commercial and industrial use potential.
      29175 Plymouth Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      6,225 SF

      Livonia Retail Building For Sale

      6,225 SF retail building in Livonia with investment potential.
      28663 Plymouth Rd, Livonia, MI 48150
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Inkster Road Outparcel For Lease

      1.85 acre outparcel for lease on Inkster Road.
      12100 Inkster Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      9 SF

      Land for Lease

      9 acres of land available for lease.
      Levan Rd, Livonia, MI 48150
      View Details
    • Contact for pricing

      Retail Space on 3 Acres

      Single tenant retail space on a 3-acre lot.
      13301 Inkster Rd, Livonia, MI 48150
      View Details
    • $3,000 /Mo
      1,750 SF

      Remodeled Retail/Office Space Available

      Completely remodeled retail/office space with upgrades and ample parking.
      34788 Plymouth Rd, Livonia, MI 48150
      View Details
    • Contact for pricing

      Retail Space in Red Awning Plaza

      Retail space for lease in Livonia's Red Awning Plaza.
      33760 Plymouth Rd, Livonia, MI 48150
      View Details
    • $3,000 /Mo

      Remodeled Retail Space with Patio

      Completely remodeled retail space with upgrades and inviting patio.
      34800 Plymouth Rd, Livonia, MI 48150
      View Details
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    Livonia, MI 48150
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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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