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

    2408 Grange Hall Rd Fenton, MI 48430-1634

    • Auto shops
    • 4,800 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4852653
    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

    • Parker Engineering & Design, LLC / Solar Energy Equipment Supplier / Engineering Consultant

    Property Details for 2408 Grange Hall Rd

    Year built
    2001
    Lot size
    2.00 lot acres
    Property size
    4,800 SF
    Zone code
    C2
    Property type
    Auto shops
    APN
    I -01-29-427-001
    APU
    I0129427001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $600,000
      Market price range: $269k - $958k
      AI Estimate
      $456,000
      Market price range: $171k - $732k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $590,000
      Current use
      RETAIL STORES
      $810,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $760,000
      Change: +29% Conversion: Difficult
      OFFICE BUILDING
      $565,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $545,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fenton
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6523
    Latitude
    42.8031
    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
    $9,625
    $0.00
    $0.00
    $241,370
    -
    $0.00
    $0.00
    $482,740

    Comparable in this City

    • Value Estimation by Request
      185.00 Acres

      Thompson Rd

      Individual retail properties • 185.00 Acres
      0 Thompson Rd, Fenton Township, MI 48430
      View Details
    • Value Estimation by Request
      42,773 SF

      3100-3210 Silver Lake Rd

      Neighborhood centers • 42,773 SF
      3100-3210 Silver Lake Rd, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      2,700 SF

      121 1st St

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      121 1st St, Fenton, MI 48430-5307
      View Details
    • Value Estimation by Request
      1,376 SF

      300 Adelaide St

      Multifamily properties • 1,376 SF
      300 Adelaide St, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      2,668 SF

      134 Leroy St

      Individual retail properties • 2,668 SF
      134 Leroy St, Fenton, MI 48430
      View Details
    • Value Estimation
      $510,000
      9,600 SF

      2740 Grange Hall Rd

      REGIONAL SHOPPING CENTER, MALL • 9,600 SF
      2740 Grange Hall Rd, Fenton, MI 48430-1694
      View Details

    Similar Nearby for Sale

    • $1,100,000

      High-Traffic Corner Commercial Property

      Prime commercial property with high visibility and versatile usage options.
      11293 Torrey Rd Lk, Fenton, MI 48430
      View Details
    • $1,500,000

      Retail Center in Fenton Area

      19,000 SF retail center in a high-traffic area.
      1149 N Leroy St, Fenton, MI 48430
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    • Contact for pricing
      185.00 Acres

      Fenton Township Commercial Land

      185 Acres Mixed-Use Development Potential
      0 Thompson Rd, Fenton Township, MI 48430
      View Details
    • $995,000
      1,734 SF

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      Renovated 1,734 SF commercial building in Fenton's business district.
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    • $579,000

      Updated Liquor and Convenience Store

      Turnkey liquor and convenience store with warehouse space for sale.
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    • $149,900
      2.24 Acres

      Fenton Vacant Land Opportunity

      2.24-acre lot in premier Foley Ridge community.
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    Similar Nearby for Lease

    • $2,200 /Mo

      Retail Space in Fenton

      Retail space with large window and storage in Fenton.
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    • $16 SF/Yr
      36,804 SF

      Lake Fenton Pointe Medical Office

      Fenton, MI medical office space available
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    • $22 SF/Yr
      76,427 SF

      Retail Space in Fenton Center

      5,160 SF retail space available in Fenton Shopping Center.
      18099 Silver Pkwy, Fenton, MI 48430
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    • $21 SF/Yr
      8,045 SF

      Fenton Retail Strip Center

      High-traffic location, 1,800 sq ft available
      18050 Silver Pkwy, Fenton, MI 48430
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    • $18 SF/Yr
      2,920 SF

      Retail Spaces in Fenton Center

      Retail spaces available in busy Fenton shopping district.
      3200 Foley Glen Dr, Fenton, MI 48430
      View Details
    • $18 SF/Yr
      42,773 SF

      Retail Space on Silver Lake

      Retail spaces available in Fenton's busiest shopping district.
      3100-3210 Silver Lake Rd, Fenton, MI 48430
      View Details
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    2408 Grange Hall Rd
    Fenton, MI 48430-1634
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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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