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

    2895 Old Us 23 Howell, MI 48855-8698

    • Commercial real estate
    • 3,376 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1585567
    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

    • Hartland Towing & Garage / Towing Service / Auto Repair Shop

    Property Details for 2895 Old Us 23

    Lot size
    1.00 lot acres
    Property size
    3,376 SF
    Zone code
    GC
    Property type
    Commercial real estate
    APN
    08-21-100-023
    APU
    821100023

    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
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7554
    Latitude
    42.6454
    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
    $3,622
    $0.00
    $0.00
    $142,500
    -
    $0.00
    $0.00
    $285,000

    Comparable in this City

    • Value Estimation
      $900,000
      7,412 SF

      1694 Byron Rd

      COMMERCIAL (GENERAL) • 7,412 SF
      1694 Byron Rd, Howell, MI 48855-8763
      View Details
    • Value Estimation
      $3,420,000
      38,736 SF

      500 Chandler St

      COMMERCIAL (GENERAL) • 38,736 SF
      500 Chandler St, Howell, MI 48855-6847
      View Details
    • Value Estimation
      $4,020,000
      43,122 SF

      503 Chandler St

      COMMERCIAL (GENERAL) • 43,122 SF
      503 Chandler St, Howell, MI 48855-6849
      View Details
    • Value Estimation
      $3,185,000
      46,843 SF

      Joe Richards Dr

      COMMERCIAL (GENERAL) • 46,843 SF
      Joe Richards Dr, Howell, MI 48855
      View Details
    • Value Estimation by Request
      800 SF

      3750 Grand Riv Ave

      COMMERCIAL (GENERAL) • 800 SF
      3750 Grand Riv Ave, Howell, MI 48855-7799
      View Details
    • Value Estimation
      $1,790,000
      18,194 SF

      1600 Town Cmns Dr

      COMMERCIAL (GENERAL) • 18,194 SF
      1600 Town Cmns Dr, Howell, MI 48855-6807
      View Details

    Similar Nearby for Sale

    • $1,665,000
      37.15 Acres

      Brewer Meadows: Howell Development Land

      Prime Howell land, 37 acres, approved development.
      1835 Brewer Rd, Howell, MI 48855
      View Details
    • $869,550
      7.34 Acres

      Howell Commercial Land - $869,550

      7.34 Acres, I-96 Access, High Visibility
      0 Tractor Dr & Burkhart Rd, Howell, MI 48855
      View Details
    • Contact for pricing
      0.70 Acres

      Howell Commercial Land - 0.7 Acres

      Prime Howell location, build-to-suit opportunity.
      4533 Grand River Ave, Howell, MI 48855
      View Details
    • $415,140
      22.83 Acres

      Howell Township Residential Land

      22.83 Acres, Prime Residential Lot
      0 Tooley-Howell Township, Howell, MI 48855
      View Details
    • $99,900
      Pending

      Residential Land in Howell, MI

      3.12 acre lot ready for new dream home.
      Eason Dr, Howell, MI 48855
      View Details
    • $399,000

      Outlot Near Tanger Outlet Mall

      Outlot near Tanger Outlet Mall, designed for restaurant use.
      1399 N Burkhart Rd, Howell, MI 48855
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,300 SF

      Professional Office Center For Rent

      Office center with professional buildout and ample parking.
      3469 E Grand River Ave, Howell, MI 48855
      View Details
    • $7 SF/Yr
      34,050 SF

      Howell Warehouse with Truckwell Access

      34,050 SF warehouse featuring truckwell and grade-level doors.
      1870 Hydralic Dr, Howell, MI 48855
      View Details
    • $2,300 /Mo
      8,000 SF

      Howell Industrial Property on M-59

      Flexible industrial space in Howell, Michigan, with high ceilings.
      5640 Highland Rd, Howell, MI 48855
      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.
    2895 Old Us 23
    Howell, MI 48855-8698
    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.