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    16563 22 Mile Rd Macomb, MI 48044
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    16563 22 Mile Rd Macomb, MI 48044

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    • Lifestyle centers
    • 4.08 lot acres
    For Sale
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    4 Acres of Commercial Land For Sale
    Contact for pricing
    4.08 Acres

    4 Acres of Commercial Land

    4 acres of land with retail development potential.

    16563 22 Mile Rd, Macomb, MI
    View Listing
    Property ID
    US43-0006913
    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
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 16563 22 Mile Rd

    Lot size
    4.08 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 4.08-acre parcel of land presents a prime commercial development opportunity in Macomb County, Michigan. Located at 16563 22 Mile Road in Macomb, MI 48044, this single-tenant property is zoned for General Commercial use, offering significant flexibility for a variety of businesses. The expansive lot size provides ample space for new construction or redevelopment, catering to a wide range of commercial ventures. Its strategic location within Macomb County ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving market. The property's existing zoning eliminates the need for lengthy and potentially costly rezoning processes, streamlining the development timeline. With its substantial acreage and favorable zoning, this land parcel represents a rare and valuable investment opportunity for discerning developers and entrepreneurs. The property is ideal for a variety of commercial uses, allowing for significant customization and tailored development to meet specific business needs. Interested parties are encouraged to explore the potential of this exceptional site and its potential to generate significant returns. The property's location offers easy access to major transportation routes, further enhancing its appeal and potential for success. This is a unique chance to acquire a substantial commercial land parcel in a desirable and rapidly developing area.

    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
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9576287
    Latitude
    42.6568835

    Comparable in this City

    • $18 SF/Yr
      31,800 SF

      Tilch Square Retail Space

      Macomb, MI Shopping Center Opportunity
      0 Nwc Of Hall Rd & Tilch Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Specialty Retail Center on Hall Road

      Retail spaces available in a busy shopping center.
      18349 Hall Rd, Macomb, MI 48044
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      Commercial Land in New Development

      6.25 acres of commercial land available for lease/sale.
      21 Mile Rd & Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Prime Retail Anchor Opportunity

      Rare anchor position on Hall Road retail corridor for lease.
      45300 Hayes Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Retail Space on Corner Location

      Retail spaces available on a corner in Macomb, Michigan.
      46922 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Retail Space in Lakeside Landing

      Retail and office spaces for rent in high-traffic area.
      16621 21 Mile Rd, Macomb, MI 48044
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Specialty Retail Center For Sale

      Specialty retail center in prominent M-59/Hall Road retail corridor.
      18349 Hall Rd, Macomb Township, MI 48044
      View Details
    • Contact for pricing

      Development Land in Prime Location

      5.22 acre site primed for new commercial development.
      Hall Rd, Macomb Township, MI 48044
      View Details
    • Contact for pricing

      Land in Hall Road Corridor

      Commercial land with scenic views and easy retail access.
      45400 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Macomb Commercial Land For Sale

      Prime location commercial land available in Macomb, Michigan.
      50601 Executive Dr, Macomb, MI 48044
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    • $250,000

      Macomb Township Industrial Land Parcel

      Industrial land for sale in Macomb Township, Michigan.
      Macomb St, Macomb, MI 48044
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      31,800 SF

      Tilch Square Retail Space

      Macomb, MI Shopping Center Opportunity
      0 Nwc Of Hall Rd & Tilch Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Specialty Retail Center on Hall Road

      Retail spaces available in a busy shopping center.
      18349 Hall Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Commercial Land in New Development

      6.25 acres of commercial land available for lease/sale.
      21 Mile Rd & Card Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Prime Retail Anchor Opportunity

      Rare anchor position on Hall Road retail corridor for lease.
      45300 Hayes Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Retail Space on Corner Location

      Retail spaces available on a corner in Macomb, Michigan.
      46922 Romeo Plank Rd, Macomb, MI 48044
      View Details
    • Contact for pricing

      Retail Space in Lakeside Landing

      Retail and office spaces for rent in high-traffic area.
      16621 21 Mile Rd, Macomb, MI 48044
      View Details
    View Listing
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    16563 22 Mile Rd
    Macomb, MI 48044
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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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