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    Property profile & analytics

    26324 Huron Riv Dr Flat Rock, MI 48134-2500

    • Retail space
    • 3,244 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2020
    $160,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0065536
    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

    • Retail space

    Property Details for 26324 Huron Riv Dr

    Lot size
    0.12 lot acres
    Property size
    3,244 SF
    Property type
    Retail space
    APN
    58 094 02 0105 000
    APU
    58094020105000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flat Rock
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2929
    Latitude
    42.0961
    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
    $4,032
    $0.00
    $0.00
    $66,500
    -
    $0.00
    $0.00
    $133,000

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      27342 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      27342 Telegraph Rd, Flat Rock, MI 48134-1011
      View Details
    • Value Estimation by Request
      2,548 SF

      14012 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,548 SF
      14012 Telegraph Rd, Flat Rock, MI 48134-9611
      View Details
    • Value Estimation by Request
      4,140 SF

      28310 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,140 SF
      28310 Telegraph Rd, Flat Rock, MI 48134-1668
      View Details
    • Value Estimation
      $1,630,000
      13,921 SF

      23007 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,921 SF
      23007 Telegraph Rd, Brownstown, MI 48134-9028
      View Details
    • Value Estimation by Request
      1,343 SF

      27250 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,343 SF
      27250 Telegraph Rd, Flat Rock, MI 48134-1608
      View Details
    • Value Estimation by Request
      2,352 SF

      25648 Huron Riv Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,352 SF
      25648 Huron Riv Dr, Flat Rock, MI 48134-1490
      View Details

    Similar Nearby for Sale

    • $169,900
      2,020 SF

      Flat Rock Commercial Opportunity

      Commercial building on high-traffic West Road, Flat Rock.
      23344 Telegraph Rd, Flat Rock, MI 48134
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      2,000 SF

      Retail Space Near Major Businesses

      2,000 SF retail space with high visibility location.
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    • $169,900
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      Commercial Building on High-Traffic Road

      2020 SF commercial building with ample parking on 0.89 acres.
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    • $375,000
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      Telegraph Rd Commercial Redevelopment

      Flat Rock, MI Retail Investment Opportunity
      0 Telegraph Rd, Flat Rock, MI 48134
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    • $399,000

      Freestanding Building in Downtown Flatrock

      4,000 SF building with frontage on Telegraph Road.
      15005 Telegraph Rd, Flat Rock, MI 48134
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      111,111 SF

      Commercial Lot on Telegraph Road

      Prime commercial lot suitable for various business ventures.
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    Similar Nearby for Lease

    • Contact for pricing
      20,662 SF

      Retail Space in Flat Rock

      Retail space available in a busy shopping center.
      27313 Telegraph Rd, Flat Rock, MI 48134
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    • Contact for pricing

      Retail Space at Tel-Rock Plaza

      Retail suites and turnkey restaurant space available for lease.
      26842-27000 Telegraph Rd, Flat Rock, MI 48134
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      1,600 SF

      Retail Space in Brownstown Center

      Retail space available in a busy shopping center.
      23115-23977 Telegraph Rd, Brownstown, MI 48134
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    • $15 SF/Yr
      952 SF

      Retail Units on Telegraph Road

      Retail spaces available on a signalized hard corner.
      25000-25120 Telegraph Rd, Flat Rock, MI 48134
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    • Contact for pricing
      15,280 SF

      Retail Space in Gibraltar Plaza

      Retail space available in well-located Flat Rock shopping center.
      24637 Gibraltar Rd, Flat Rock, MI 48134
      View Details
    • Contact for pricing

      Retail Space in Gibraltar Plaza

      Retail space for lease in a well-located Flat Rock plaza.
      24605 Gibraltar Rd, Flat Rock, MI 48134
      View Details
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    Flat Rock, MI 48134-2500
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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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