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    16482 Tecumseh St Dundee, MI 48131
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    16482 Tecumseh St Dundee, MI 48131

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    • Lifestyle centers
    • 7,235 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 16482 Tecumseh St

    Year built
    2023
    Property size
    7,235 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 2023-built retail space, located at 16482 Tecumseh Street in Dundee, Michigan, presents a fantastic opportunity for businesses seeking a prime location. The property is a single-story, 7,235 square foot shopping center situated on a spacious 1.5-acre lot. Currently, 2,440 square feet of retail space is immediately available for lease, representing a significant portion of the building's total area. The minimum leasable space is 2,440 square feet, and the maximum contiguous space available is also 2,440 square feet. This makes it ideal for a single tenant seeking a substantial footprint or a smaller business looking for a prominent location within a larger center. The property boasts a convenient location in Monroe County, with easy access for customers and excellent visibility. The property's APN is 42-014-002-22 and its zip code is 48131. This newly constructed building offers modern amenities and a fresh, appealing aesthetic, perfect for attracting customers. The property's single-story design ensures easy accessibility and efficient use of space. Don't miss this chance to establish your business in this thriving community. Contact us today to learn more about leasing this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dundee
    County
    Monroe
    State
    Michigan
    Longitude
    -83.6791
    Latitude
    41.9606

    Comparable in this City

    • Value Estimation by Request
      8,859 SF

      107 Cabelas E Blvd

      MINI-MALL • 8,859 SF
      107 Cabelas E Blvd, Dundee, MI 48131-9693
      View Details
    • Value Estimation by Request
      24,800 SF

      119 Waterstradt Commerce Dr

      MINI-MALL • 24,800 SF
      119 Waterstradt Commerce Dr, Dundee, MI 48131-9695
      View Details
    • Value Estimation by Request
      9,000 SF

      16493 Tecumseh St

      Restaurants • 9,000 SF
      16493 Tecumseh St, Dundee, MI 48131
      View Details
    • Value Estimation
      $2,310,000
      22,676 SF

      16497 Tecumseh Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 22,676 SF
      16497 Tecumseh Rd, Dundee, MI 48131-8608
      View Details
    • Value Estimation
      $925,000
      9,065 SF

      14293 Custer Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,065 SF
      14293 Custer Rd, Dundee, MI 48131-1325
      View Details
    • Value Estimation by Request
      4,872 SF

      180 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 4,872 SF
      180 Main St, Dundee, MI 48131-1202
      View Details

    Similar Nearby for Sale

    • $79,000
      1.02 Acres

      Residential Land in Dundee, MI

      Vacant land suitable for building a home.
      6 Covell Rd, Dundee, MI 48131
      View Details
    • $79,000
      1.02 Acres

      Residential Land in Dundee, MI

      Vacant residential land available in Dundee, Michigan.
      5 Covell Rd, Dundee, MI 48131
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    • $362,000

      Commercial Lot in Growing Dundee

      Prime commercial lot in Dundee with high traffic and utilities.
      16488 Tecumseh St, Dundee, MI 48131
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Dundee, Michigan.
      16482 Tecumseh St, Dundee, MI 48131
      View Details
    • $2,650 /Mo
      2,100 SF

      Commercial Land in Dundee, MI

      Commercial land with high traffic exposure in Dundee, Michigan.
      119 Waterstradt Commerce Dr, Dundee, MI 48131
      View Details
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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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