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    Warren Rd Canton, MI 48187
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    Warren Rd, Canton, MI 48187

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    Canton Industrial Land - Warren Rd For Lease
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    Canton Industrial Land - Warren Rd

    3.71-acre lot, build-to-suit options.

    Westland, MI 48187
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Warren Rd

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 3.71-acre parcel in Canton, Michigan, offers a rare opportunity for development. Located on Warren Road, the property boasts significant existing improvements, including a completed stormwater retention system. Zoned for Light Industrial use (APN: 71-046-99-0003-714, Wayne County), this versatile site is ideal for a variety of uses. The seller is open to a build-to-suit arrangement, catering to specific needs. Options include a 22,000 square foot industrial building or a three-story, 52,650 square foot office building. Alternatively, the property is available for outright sale. This prime location provides excellent visibility and accessibility, making it an attractive proposition for both industrial and office tenants seeking a single-tenant space. The property's flexibility and strategic location in Canton, MI (zip code 48187) present a compelling investment opportunity. The land is suitable for warehouse, manufacturing, traditional office, executive office, or flex space development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4469
    Latitude
    42.3339

    Comparable in this City

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      12,000 SF

      7240-7248 Haggerty Rd

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      20,000 SF

      7763 Haggerty Rd

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      $14,435,000
      376,068 SF

      7900 Haggerty Rd

      DISTRIBUTION WAREHOUSE
      7900 Haggerty Rd, Canton, MI 48187-2400
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    • Value Estimation
      $3,155,000
      47,946 SF

      7171 Haggerty Rd

      DISTRIBUTION WAREHOUSE
      7171 Haggerty Rd, Canton, MI 48187-2452
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    • Value Estimation by Request
      1.57 Acres

      Haggerty Rd

      Land
      0 Haggerty Rd, Canton, MI 48187
      View Details

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      1,512 SF

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      Land For Sale Canton, MI

      Land available for sale in Canton, Michigan.
      Warren Rd, Canton, MI 48187
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      Canton Industrial Property - Turnkey Auto Business

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      2.97 Acres of Land Available

      2.97 acres of land for sale.
      7560 Haggerty Rd, Canton, MI 48187
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      Land For Sale

      Land available for sale.
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    Similar Nearby for Lease

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      161,608 SF

      Canton Industrial Land - Warren Rd

      3.71-acre lot, build-to-suit options.
      0 Warren Rd, Canton, MI 48187
      View Details
    • $26 SF/Yr

      Canton Commercial Office and Storage

      Office suites and lower-level commercial space for lease.
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      15,050 SF

      Freestanding Warehouse Space Available

      15,050 SF freestanding building with truckwell and dock.
      7522 Baron Dr, Canton, MI 48187
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      Canton Flex Space For Rent

      Flex space with great I-275 access in Canton, MI.
      8400 Ronda Dr, Canton, MI 48187
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      Pending

      Canton Township Office Suites

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      Medical Office Space Available

      Outpatient medical building with space for lease.
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    Canton, MI 48187
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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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