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

    29511 Jefferson Ave Saint Clair Shores, MI 48081-1374

    • Commercial real estate
    • 24,875 SF
    • 1.49 lot acres
    OFF-MARKET
    Value Estimations
    $3,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0993869
    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

    • Viking Locksmiths LLC / Locksmith

    Property Details for 29511 Jefferson Ave

    Year built
    1965
    Lot size
    1.49 lot acres
    Property size
    24,875 SF
    Zone code
    RM-1
    Property type
    Commercial real estate
    APN
    09-14-14-126-025
    APU
    91414126025

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,063,000
      Market price range: $1.38M - $4.21M
      AI Estimate
      $3,063,000
      Market price range: $1.38M - $4.21M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,555,000
      Current use
      RESTAURANT
      $3,525,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $3,055,000
      Change: +19% Conversion: Easy
      RETAIL STORES
      $2,425,000
      Change: -5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,140,000
      Change: -16% Conversion: Difficult
      OFFICE BUILDING
      $2,120,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Clair Shores
    County
    Macomb
    State
    Michigan
    Longitude
    -82.881
    Latitude
    42.5103
    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
    2022
    $26,292
    $0.00
    $0.00
    $1,150,300
    -
    $0.00
    $0.00
    $2,300,600

    Comparable in this City

    • Value Estimation
      $2,915,000
      27,935 SF

      22501 12th Mile Rd

      COMMERCIAL (GENERAL) • 27,935 SF
      22501 12th Mile Rd, Saint Clair Shores, MI 48081-2501
      View Details
    • Value Estimation
      $2,220,000
      19,455 SF

      21700 Bayside St

      COMMERCIAL (GENERAL) • 19,455 SF
      21700 Bayside St, Saint Clair Shores, MI 48081-1256
      View Details
    • Value Estimation
      $655,000
      5,528 SF

      26300 Harper Ave

      COMMERCIAL (GENERAL) • 5,528 SF
      26300 Harper Ave, Saint Clair Shores, MI 48081-1904
      View Details
    • Value Estimation by Request
      0.36 Acres

      27954 Harper Ave

      COMMERCIAL (GENERAL) • 0.36 Acres
      27954 Harper Ave, Saint Clair Shores, MI 48081-1543
      View Details
    • Value Estimation
      $1,155,000
      6,828 SF

      25885 Jefferson Ave

      COMMERCIAL (GENERAL) • 6,828 SF
      25885 Jefferson Ave, Saint Clair Shores, MI 48081-2332
      View Details
    • Value Estimation
      $940,000
      6,616 SF

      25119 Little Mack Ave

      COMMERCIAL (GENERAL) • 6,616 SF
      25119 Little Mack Ave, Saint Clair Shores, MI 48081-2168
      View Details

    Similar Nearby for Sale

    • $2,000,000
      31.53 Acres

      Prime 31.53-Acre Residential Land

      St. Clair Shores development opportunity. RA-1B zoning.
      27400 Twelve Mile Rd, St. Clair Shores, MI 48081
      View Details
    • $2,375,000
      15,566 SF

      Medical Office Building For Sale

      Two-tenant medical office building, 15,566 SF, fully occupied.
      26210 Harper Ave, St Clair Shores, MI 48081
      View Details
    • $650,000
      5,627 SF

      Executive Office Building for Sale

      St. Clair Shores Office, 5,627 SF, $650K
      29350 Harper Ave, St. Clair Shores, MI 48081
      View Details
    • Contact for pricing
      7,048 SF

      Professional Office Building For Sale

      Professional office building in Saint Clair Shores, suitable for various uses.
      25319 Little Mack Ave, Saint Clair Shores, MI 48081
      View Details
    • $2,375,000
      15,566 SF

      Saint Clair Shores Office Building

      15,566 SF office building in Saint Clair Shores.
      26200 Harper Ave, Saint Clair Shores, MI 48081
      View Details
    • $599,000

      Office Building with Private Offices

      Office building featuring 15 private offices and ample parking.
      27320 Harper Ave, St Clair Shores, MI 48081
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      1,224 SF

      Updated Office or Retail Space

      Renovated 1,224 sq ft office/retail space in St. Clair Shores.
      28410 Harper Ave, St Clair Shores, MI 48081
      View Details
    • Contact for pricing
      2,250 SF

      Medical Office Space Available

      Private medical suite in high-visibility, established St. Clair Shores location.
      25515 Harper Ave, Saint Clair Shores, MI 48081
      View Details
    • $15 SF/Yr
      1,304 SF

      Office Suite For Lease

      Office suite with private offices, ideal for counseling-therapy use.
      St Clair Shores, MI 48081
      View Details
    • Contact for pricing
      1,850 SF

      Medical Office Space Available

      Renovated medical office space with five plumbed exam rooms.
      28300 Harper Ave, Saint Clair Shores, MI 48081
      View Details
    • $1,100 /Mo

      Commercial Space on Little Mack

      800 sq ft office/commercial space for rent.
      25326 Little Mack Ave Ave, St Clair Shores, MI 48081
      View Details
    • $650 /Mo
      425 SF

      St. Clair Shores Office Suites

      Move-in ready office suites available near I-696 and I-94.
      20816 E 11 Mile Rd, Saint Clair Shores, MI 48081
      View Details
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    29511 Jefferson Ave
    Saint Clair Shores, MI 48081-1374
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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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