Entity Owned Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1946
Total area
9,710 SF
Lot
0.67 ac (29,185 SF)
Zoning code
I3
APN
54 004 99 0011 000
UPID
US43-5190834
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Electrical Service General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$1.11M
Owner & transaction history
since 2021
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
I3 · Trenton, MI
Top alternative use upside
Commercial (general)
$1.2M
+145.8%
Medical building
$915,000
+90.3%
Office building
$850,000
+77.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.11M
Value range
$995k – $1.22M
±10% around blend
Estimated value / SF
$114 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$995k
blend $1.11M
$1.22M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,710 SF
Lot area
0.67 ac
Year built
1946
Stories
2
APN
54 004 99 0011 000
Zoning
I3
Assessed value
$288,400
Annual tax
$18,178
3
Income approach: direct capitalization
Partial preview
Income approach indication
$775k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$840k
@ 6.5% CAP return
$775k
@ 7% CAP return
$720k
4
Sales comparison
Partial preview
Sales approach indication
$694k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.1 mi away · 9,450 SF
17.5 mi away · 10,380 SF
17.6 mi away · 8,504 SF
19.5 mi away · 10,116 SF
20.8 mi away · 11,920 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.11M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$49
+130%
County 380 sales
$50
+126%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $114/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+146%
vs current-use indication
Medical Building
Office Building
Retail Stores
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
4.50%
Implied, in-place cap rate for this industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$77k *
Last sale · Nov 2021
$1.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.71M
Move the market yield to see immediate price impact.
Value / SF
$176
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.00%4.50%5.00%
$69k
$1.73M
$1.54M
$1.39M
$77k
$1.93M
$1.71M
$1.54M
$85k
$2.12M
$1.88M
$1.69M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$340k
14.5 mi · Dec 2025 · $41/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,178
Tax year 2023
Assessed value
$288,400
Assessed 2024
Previous assessed
$266,300
+8.3% YoY
Effective rate
6.30%
On assessed value
Total market value
$576,800
Applied tax rate
82,400.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Stories
2
Total area
9,710 SF
Lot
0.67 ac (29,185 SF)
Zoning code
I3
APN
54 004 99 0011 000
UPID
US43-5190834
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
I3 · Trenton, MIZoning I3 · permitted uses
I3 · Trenton, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Stories
2
Lot
0.67 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I3
Jurisdiction
Trenton, MI
Recorded code
I3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I3 in Trenton, MI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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