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    1240 W Jefferson Ave Trenton, MI 48183
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    Property profile & analytics

    1240 W Jefferson Ave, Trenton, MI 48183

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    • Industrial properties
    • 9,710 SF
    • 0.67 lot acres
    For Sale
    $905,000
    View Listing →
    Commercial Property for Sale For Sale
    $905,000

    Commercial Property for Sale

    Commercial property available for purchase.

    1240 W Jefferson Ave, Trenton, MI 48183
    View Listing
    Property ID
    US43-5190834
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    4.5%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1240 W Jefferson Ave

    Year built
    1946
    Lot size
    0.67 lot acres
    Zone code
    I3
    Property type
    Industrial properties
    APN
    54 004 99 0011 000
    APU
    54004990011000

    Description

    This exceptional 9,753-square-foot warehouse is available for lease at 1240 W Jefferson Ave, Trenton, MI 48183. Located in Wayne County, this single-tenant property offers significant potential for various industrial uses. The building boasts a substantial 16-foot ceiling height, providing ample vertical space for storage or operations. Access is facilitated by one dock-high door, ensuring efficient loading and unloading of goods. The property is zoned I-1, aligning with a range of industrial applications. A key advantage is the installation of new 3-phase power, providing reliable and sufficient electrical capacity for modern industrial equipment. The entire 9,753 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. This prime location in Trenton, Michigan offers easy access to major transportation routes, making it an attractive option for businesses requiring efficient logistics. The property is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore the leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,105,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $840,000
      6.5%
      $775,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $681,000
      Market price range: $254k - $681k
      AI Estimate
      $681,000
      Market price range: $254k - $681k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,180,000
      MEDICAL BUILDING
      $915,000
      OFFICE BUILDING
      $850,000
      RETAIL STORES
      $800,000
      NEIGHBORHOOD: SHOPPING CENTER
      $775,000
      RESTAURANT
      $750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1748
    Latitude
    42.1591
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,178
    $0.00
    $0.00
    $288,400
    -
    $0.00
    $0.00
    $576,800

    Comparable in this City

    • Value Estimation by Request
      11.11 Acres

      20300 Hayden Rd

      INDUSTRIAL (GENERAL)
      20300 Hayden Rd, Woodhaven, MI 48183
      View Details
    • Value Estimation by Request
      2,368 SF

      Allen Rd

      INDUSTRIAL (GENERAL)
      Allen Rd, Woodhaven, MI 48183
      View Details
    • Value Estimation
      $1,350,000
      27,253 SF

      18775 Ww Rd

      INDUSTRIAL (GENERAL)
      18775 Ww Rd, Woodhaven, MI 48183-3316
      View Details
    • Value Estimation by Request
      1,152 SF

      20260 King Rd

      INDUSTRIAL (GENERAL)
      20260 King Rd, Brownstown Twp, MI 48183-5270
      View Details
    • Value Estimation
      $575,000
      12,600 SF

      5621 Hoover St

      INDUSTRIAL (GENERAL)
      5621 Hoover St, Trenton, MI 48183-4734
      View Details
    • Value Estimation by Request
      137.23 Acres

      2000 Van Horn Rd

      INDUSTRIAL (GENERAL)
      2000 Van Horn Rd, Trenton, MI 48183-4204
      View Details

    Similar Nearby for Sale

    • $645,000
      999 SF

      Brownstown Industrial Land - 1.6 Acres

      Prime Brownstown location, 1.6 acres, rezoning potential.
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      View Details
    • Contact for pricing
      2,400 SF

      Romulus Industrial Property For Sale

      2,400 SF industrial property available in Romulus, Michigan.
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      24,517 SF

      Woodhaven Industrial Property on Van Horn

      24,517 SF available on 16 acres in Woodhaven.
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    • $544,900

      Versatile Commercial Property on Acre

      Insulated commercial property with office, warehouse, and ample parking.
      20401 Gudith Rd, Trenton, MI 48183
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Opportunity

      Industrial property suitable for a single tenant on 2 acres.
      1 W Jefferson Ave, Trenton, MI 48183
      View Details
    • Contact for pricing
      2,400 SF

      Industrial Space with Yard

      2,400 SF industrial space with yard for lease.
      232 W Jefferson Ave, Trenton, MI 48183
      View Details
    • Contact for pricing

      Retail Space in Woodhaven Center

      Retail space available in the Village of Woodhaven Shopping Center.
      19850 West Rd, Woodhaven, MI 48183
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      1,210 SF

      Retail Space in West Allen

      Retail space available in a busy Woodhaven shopping center.
      19555 West Rd, Woodhaven, MI 48183
      View Details
    • Contact for pricing

      Prime Corner Land for Lease

      2.25 acre hard corner site available for lease.
      20999 Telegraph Rd, Brownstown Township, MI 48183
      View Details
    View Listing
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    Trenton, MI 48183
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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.

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