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    35160 Jeffers Ct Harrison Township, MI 48045
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    Property profile & analytics

    35160 Jeffers Ct Harrison Township, MI 48045

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    • Commercial real estate
    • 1.55 lot acres
    Off-Market
    Property ID
    US43-4665559
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 35160 Jeffers Ct

    Lot size
    1.55 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.55-acre commercial land parcel in desirable Harrison Township, Michigan, presents a unique investment opportunity. Located at 35160 Jeffers Court, 48045, this property boasts an impressive 128 feet of direct Lake St. Clair frontage, offering breathtaking, unobstructed views. All utilities are conveniently located on-site, simplifying development plans. The secluded nature of this parcel provides a rare level of privacy, while still maintaining easy access to major roadways. Further enhancing its appeal, the property has received approval from the Corps of Engineers for the construction of a seawall and dock, opening up possibilities for waterfront-oriented businesses or residential development. The asking price is $549,000, and owner financing may be available through a land contract, making this an attractive option for various buyers. This is a truly exceptional opportunity to acquire a prime piece of commercial real estate with unparalleled lakefront access in a highly sought-after location. The property's size and location make it suitable for a wide range of commercial ventures, from small businesses to larger-scale developments. Don't miss this chance to secure this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrison Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.850107
    Latitude
    42.5521789

    Comparable in this City

    • $44,900
      0.11 Acres

      Residential Land in Harrison Twp

      Vacant land with utilities available, ready for new construction.
      Prentiss, Harrison Twp, MI 48045
      View Details
    • $250,000
      1.26 Acres

      Harrison Twp Vacant Land Opportunity

      1.26 acre lot near the water in Harrison Twp.
      00 Jefferson Ave, Harrison Twp, MI 48045
      View Details
    • $299,000

      Flat Land Ready for Development

      One acre of land suitable for various uses, ready for development.
      1.26 Acres On Jefferson Ave, Harrison Township, MI 48045
      View Details
    • $75,000
      Pending

      Prime Commercial Land Available

      1.3 acre commercial land with utilities and driveway approaches.
      27420 S River Rd, Harrison Township, MI 48045
      View Details
    • $499,000

      Waterfront Land with Prime Frontage

      Waterfront double lot with 100 feet of prime frontage.
      38187 Huron Pointe Dr, Harrison Township, MI 48045
      View Details

    Similar Nearby for Sale

    • $44,900
      0.11 Acres

      Residential Land in Harrison Twp

      Vacant land with utilities available, ready for new construction.
      Prentiss, Harrison Twp, MI 48045
      View Details
    • $75,000
      Pending

      Prime Commercial Land Available

      1.3 acre commercial land with utilities and driveway approaches.
      27420 S River Rd, Harrison Township, MI 48045
      View Details
    • $299,000

      Flat Land Ready for Development

      One acre of land suitable for various uses, ready for development.
      1.26 Acres On Jefferson Ave, Harrison Township, MI 48045
      View Details
    • $250,000
      1.26 Acres

      Harrison Twp Vacant Land Opportunity

      1.26 acre lot near the water in Harrison Twp.
      00 Jefferson Ave, Harrison Twp, MI 48045
      View Details
    • $499,000

      Waterfront Land with Prime Frontage

      Waterfront double lot with 100 feet of prime frontage.
      38187 Huron Pointe Dr, Harrison Township, MI 48045
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available, ranging from 4,585 to 9,170 SqFt.
      28350 S River Rd, Harrison Township, MI 48045
      View Details
    • Contact for pricing

      Retail Center on Hall Road

      New retail center with high traffic and national retailers nearby.
      25210 William P Rosso Hwy, Harrison Township, MI 48045
      View Details
    • Contact for pricing

      Industrial Warehouse with Expressway Access

      Industrial warehouse on over half an acre with expressway access.
      24531 Henry B Joy Blvd, Harrison Township, MI 48045
      View Details
    • $10 SF/Yr

      Harrison Twp Mezzanine Space Available

      Professionally managed property with finished mezzanine near I-94.
      35370 Union Lake Rd, Harrison Twp, MI 48045
      View Details
    • $100 SF/Yr

      Industrial Warehouse Space For Lease

      Light industrial warehouse suitable for traditional or cannabis users.
      25371 Henry B Joy Blvd, Harrison Township, MI 48045
      View Details
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    Harrison Township, MI 48045
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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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