Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18189 Gould Ct Beverly Hills, MI 48025

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18189 Gould Ct Beverly Hills, MI 48025

    View on Map
    • Commercial real estate
    • 0.78 lot acres
    Off-Market
    Property ID
    US43-4914149
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 18189 Gould Ct

    Lot size
    0.78 lot acres
    Property type
    Commercial real estate
    APN
    TH-24-02-427-002; TH-24-02-427-003; TH-24-02-427-004

    Description

    This exceptional 0.78-acre site, located at 18189-18215 Gould Ct in Beverly Hills, Michigan (48025), presents a remarkable redevelopment opportunity. The property, encompassing Parcel IDs TH-24-02-427-002; TH-24-02-427-003; and TH-24-02-427-004, is situated in Oakland County's desirable Beverly Hills/Birmingham area, within the Birmingham Public Schools district. Zoned as B-Business District with a Village Overlay District, this location allows for a variety of uses, including residential, mixed-use, commercial, or office development. Current zoning permits up to three stories, with potential for additional height through design approvals that incorporate high-quality architectural design, barrier-free units, and extensive landscaping. The site's strategic location offers easy access to Southfield Road's retail corridor and is surrounded by a dense residential population. With a median household income exceeding $120,000 within a one-mile radius and median home values of $402,100, this location boasts a strong and affluent demographic. Adjacent parcels are available for assembly, potentially expanding the site to 1.22 acres. The property is conveniently located near Beverly Elementary School, the Beverly Hills Athletic Club, the Beverly Hills Club, and medical offices, and minutes from William Beaumont Hospital in Royal Oak and the walkable community of Birmingham. This is a truly exceptional opportunity to develop a high-value project in a prime location. The asking price is $1,025,000.

    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
    Beverly Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2254421
    Latitude
    42.5220706

    Comparable in this City

    • $1,495,000
      3,866 SF

      Franklin Mixed-Use Property For Sale

      Mixed-use property in Franklin, Michigan, totaling 3,866 square feet.
      32440 Franklin Rd, Franklin, MI 48025
      View Details
    • Contact for pricing
      1,827 SF

      Franklin, MI US Post Office

      1,827 SF building occupied by US Post Office since 1978.
      32406 Franklin Rd, Franklin, MI 48025
      View Details
    • Contact for pricing
      5,960 SF

      Value-Add Opportunity in Franklin Village

      Retail property in affluent Franklin, Michigan, with value-add potential.
      32716 Franklin Rd, Franklin, MI 48025
      View Details
    • $1,375,000

      Franklin Village Commercial Building For Sale

      2,786 SF commercial building in Franklin Village historic district.
      32682 Franklin Rd, Franklin, MI 48025
      View Details
    • $4,500,000
      7.00 Acres

      Residential Land in Bingham Farms

      Rare 7-acre parcel suitable for estate or development.
      23301 W 14 Mile Rd, Franklin, MI 48025
      View Details
    • $749,000
      1.40 Acres

      Bingham Farms 1.4-Acre Residential Lot

      1.4-acre residential lot in Bingham Farms Village.
      Woodlynne Dr, Franklin, MI 48025
      View Details

    Similar Nearby for Sale

    • $1,495,000
      3,866 SF

      Franklin Mixed-Use Property For Sale

      Mixed-use property in Franklin, Michigan, totaling 3,866 square feet.
      32440 Franklin Rd, Franklin, MI 48025
      View Details
    • Contact for pricing
      1,827 SF

      Franklin, MI US Post Office

      1,827 SF building occupied by US Post Office since 1978.
      32406 Franklin Rd, Franklin, MI 48025
      View Details
    • $749,000
      1.40 Acres

      Bingham Farms 1.4-Acre Residential Lot

      1.4-acre residential lot in Bingham Farms Village.
      Woodlynne Dr, Franklin, MI 48025
      View Details
    • Contact for pricing
      5,960 SF

      Value-Add Opportunity in Franklin Village

      Retail property in affluent Franklin, Michigan, with value-add potential.
      32716 Franklin Rd, Franklin, MI 48025
      View Details
    • $1,375,000

      Franklin Village Commercial Building For Sale

      2,786 SF commercial building in Franklin Village historic district.
      32682 Franklin Rd, Franklin, MI 48025
      View Details
    • $4,500,000
      7.00 Acres

      Residential Land in Bingham Farms

      Rare 7-acre parcel suitable for estate or development.
      23301 W 14 Mile Rd, Franklin, MI 48025
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,866 SF

      Executive Office Suite in Beverly Hills

      Prestigious Franklin Road Office Space Available
      32440 Franklin Rd, Franklin, MI 48025
      View Details
    • Contact for pricing

      Move-In Ready Office Suites

      Office suites available for rent with various amenities.
      30600 Telegraph Rd, Bingham Farms, MI 48025
      View Details
    • $17 SF/Yr

      Beverly Hills Office/Medical Space

      Office or medical space with excellent access and storage.
      31000 Lahser Rd, Beverly Hills, MI 48025
      View Details
    • $1,200 /Mo
      177,261 SF

      Modern Office Space For Lease

      Private rooms available in a modern chiropractic and wellness clinic.
      30100 Telegraph Rd, Birmingham, MI 48025
      View Details
    • Contact for pricing

      Move-In Ready Office Suites

      Office suites available for rent with ample parking.
      30700 Telegraph Rd, Bingham Farms, MI 48025
      View Details
    • $15 SF/Yr
      170,610 SF

      Bingham Farms Office Space Available

      Modern Office Suites in Prime Location
      30100 Telegraph Rd, Bingham Farms, MI 48025
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18189 Gould Ct
    Beverly Hills, MI 48025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!