Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2740 Grange Hall Rd Fenton, MI 48430-1694

    • Super regional malls
    • 9,600 SF
    • 3.33 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0255347
    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

    • Carpenters House Apostolic Church / Apostolic Church
    • Staley's Plumbing Heating and Air Conditioning / Furnace Repair Service / Plumber
    • One Day Custom Floors / Floor Refinishing Service / Concrete Contractor
    • STATEWIDE OFFICE SYSTEMS INC / Equipment Supplier / Copier Repair Service
    • Christ's Cupboard - Food Distribution Center / Food Bank

    Property Details for 2740 Grange Hall Rd

    Year built
    1958
    Lot size
    3.33 lot acres
    Property size
    9,600 SF
    Zone code
    C2
    Property type
    Super regional malls
    APN
    I -01-29-427-005
    APU
    I0129427005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $686,000
      Market price range: $536k - $1.33M
      AI Estimate
      $337,000
      Market price range: $226k - $681k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $775,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fenton
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6483
    Latitude
    42.8037
    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
    $15,286
    $0.00
    $0.00
    $327,050
    -
    $0.00
    $0.00
    $654,100

    Comparable in this City

    • 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
      1,800 SF

      1001-1005 Leroy St

      Lifestyle centers • 1,800 SF
      1001-1005 Leroy St, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      36,804 SF

      1535-1549 Leroy Fenton

      Neighborhood centers • 36,804 SF
      1535-1549 Leroy Fenton, Fenton, MI 48430
      View Details
    • 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
      1,376 SF

      300 Adelaide St

      Multifamily properties • 1,376 SF
      300 Adelaide St, 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

    Similar Nearby for Sale

    • $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
      View Details
    • $579,000

      Updated Liquor and Convenience Store

      Turnkey liquor and convenience store with warehouse space for sale.
      7150 Bennett Lake Rd, Fenton, MI 48430
      View Details
    • $995,000
      1,734 SF

      Restored Fenton Commercial Building

      Renovated 1,734 SF commercial building in Fenton's business district.
      16237 Jennings Rd, Fenton, MI 48430
      View Details
    • 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
    • $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
    • $9,000,000
      103,896 SF

      Fenton, MI Industrial Distribution Center

      103,896 SF Warehouse, $9M NNN Lease
      220 Alloy Rd, Fenton, MI 48430
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      36,804 SF

      Lake Fenton Pointe Medical Office

      Fenton, MI medical office space available
      1535-1549 Leroy Fenton, Fenton, MI 48430
      View Details
    • $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
      View Details
    • $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
    • $22 SF/Yr
      5,160 SF

      Retail Space in Fenton Center

      5,160 SF retail space available in Fenton, Michigan.
      18055-18099 Silver Pkwy, Fenton, MI 48430
      View Details
    • $18 SF/Yr
      1,721 SF

      Retail Spaces on Silver Lake Road

      Retail spaces available in Fenton's busiest shopping district.
      3116 West Silver Lake Rd, Fenton, MI 48430
      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.
    2740 Grange Hall Rd
    Fenton, MI 48430-1694
    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.