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

    19366 Allen Rd Trenton, MI 48183

    • Commercial real estate
    • 10,991 SF
    • 3.30 lot acres
    For Lease
    View listing
    $4,400 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0993768
    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.

    Current Use by Public Records

    • Monica Hillman, Real Estate RE/MAX MOVES / Real Estate Agency

    Property Details for 19366 Allen Rd

    Year built
    1966
    Lot size
    3.30 lot acres
    Property size
    10,991 SF
    Zone code
    B-3
    Property type
    Commercial real estate
    APN
    70 031 99 0003 005
    APU
    70031990003005

    Description

    This 4,000 square foot medical office suite, located at 19366 Allen Rd, Brownstown Charter Township, MI 48183, is available for lease. Situated in a desirable commercial area near Sibley, this space is part of a larger 13,947 square foot building constructed in 1966 and zoned for commercial use. The suite, previously occupied by Apex Health, offers ample on-site parking with convenient access. The all-inclusive gross lease covers exterior common area maintenance, real estate taxes, water, gas, and electricity. The space is highly divisible, offering the flexibility of two separate units (approximately 1,000 sq ft and 3,000 sq ft). The building is currently multi-tenant, housing other businesses. This presents a unique opportunity to lease at a below-market rate in a prime location, with building owners motivated to achieve full occupancy. The property features a single suite within the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,351,000
      Market price range: $546k - $2.57M
      AI Estimate
      $1,351,000
      Market price range: $546k - $2.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,335,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownstown Twp
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2283
    Latitude
    42.1632
    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
    $16,568
    $0.00
    $0.00
    $452,200
    -
    $0.00
    $0.00
    $904,400

    Comparable in this City

    • Value Estimation by Request
      3,040 SF

      23115 Telegraph Rd

      Retail properties • 3,040 SF
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      View Details
    • Value Estimation by Request

      20354 Allen Rd

      COMMERCIAL (GENERAL)
      20354 Allen Rd, Brownstown Twp, MI 48183-1020
      View Details
    • Value Estimation by Request
      0.36 Acres

      26796 Allen Rd

      COMMERCIAL (GENERAL) • 0.36 Acres
      26796 Allen Rd, Woodhaven, MI 48183-5308
      View Details
    • Value Estimation by Request
      21.10 Acres

      22662 Oriole Dr

      COMMERCIAL (GENERAL) • 21.10 Acres
      22662 Oriole Dr, Brownstown, MI 48183-1377
      View Details
    • Value Estimation by Request
      0.26 Acres

      Alvord Ave

      COMMERCIAL (GENERAL) • 0.26 Acres
      Alvord Ave, Trenton, MI 48183
      View Details
    • Value Estimation by Request

      3029 Van Horn Rd

      COMMERCIAL (GENERAL)
      3029 Van Horn Rd, Trenton, MI 48183-4002
      View Details

    Similar Nearby for Sale

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      Woodhaven Commercial Land - $300K

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      Dix-Toledo Road Commercial Land

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      3.00 Acres

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      Prime MI land, multiple parcels available.
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      Woodhaven Commercial Land - 1.52 Acres

      Prime Commercial Land, B-2 Zoning, Excellent Location
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      Prime Brownstown Land Development

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    Similar Nearby for Lease

    • $16 SF/Yr
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      Woodhaven Retail End Cap Space

      Prime 4,200 SF retail space in thriving center.
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      Prime Medical Office Space in Brownstown

      Modern medical suites, ample parking.
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      View Details
    • $35 SF/Yr
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      Shoppes of Woodhaven Medical Office Space

      Prime Medical Office Space in Woodhaven, MI. Large footprint available.
      21595 Allen Rd, Woodhaven, MI 48183
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    • Contact for pricing

      Woodhaven Commercial Property for Lease

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      Industrial Building with Fenced Yard

      Move-in ready industrial building with fenced yard near I-75.
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      View Details
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    19366 Allen Rd
    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.

    More about this property
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