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

    40975 Concept Dr Plymouth, MI 48170-4252

    • Industrial land
    • 3.99 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1625526
    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

    • Industrial land

    Property Details for 40975 Concept Dr

    Lot size
    3.99 lot acres
    Zone code
    AG
    Property type
    Industrial land
    APN
    R-78-025-99-0009-704
    APU
    R78025990009704

    Description

    This exceptional 36,800-square-foot industrial flex building, located at 40975 Concept Dr, Plymouth, MI 48170, presents a unique leasing opportunity. The entire building, totaling 36,800 square feet, is currently vacant and available for lease. The property is zoned for industrial use and boasts a flexible layout suitable for a variety of businesses. Tenants can lease the entire space or a minimum of 2,400 square feet, with a maximum contiguous space of 36,800 square feet. The building features a generous 20-foot ceiling height, providing ample vertical space for storage or specialized equipment. Ample parking is provided with 106 spaces available for tenants and their guests. The property is situated in Wayne County and has an APN of 78-025-99-0009-704. This prime location offers easy access to major transportation routes, making it an ideal choice for businesses needing efficient logistics. The flexible space allows for customization to meet specific business needs, making it a versatile option for various industrial and flex-use operations. Contact us today to learn more about this exceptional leasing opportunity.

    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
    Plymouth
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4396
    Latitude
    42.3771
    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
    $14,101
    $0.00
    $0.00
    $276,300
    -
    $0.00
    $0.00
    $552,600

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Sheldon

      INDUSTRIAL - VACANT LAND • 1.00 Acre
      Sheldon, Plymouth, MI 48170
      View Details
    • Value Estimation by Request
      0.21 Acres

      501 Jct St

      INDUSTRIAL - VACANT LAND • 0.21 Acres
      501 Jct St, Plymouth, MI 48170-1229
      View Details
    • Value Estimation by Request
      0.99 Acres

      Keel St

      INDUSTRIAL - VACANT LAND • 0.99 Acres
      Keel St, Plymouth, MI 48170
      View Details
    • Value Estimation by Request
      1.46 Acres

      Napier Rd

      INDUSTRIAL - VACANT LAND • 1.46 Acres
      Napier Rd, Plymouth, MI 48170
      View Details
    • Value Estimation by Request
      2.66 Acres

      43955 Plymouth Oaks Blvd

      INDUSTRIAL - VACANT LAND • 2.66 Acres
      43955 Plymouth Oaks Blvd, Plymouth, MI 48170-2557
      View Details
    • Value Estimation by Request
      0.21 Acres

      Fogg Cmns Park

      INDUSTRIAL - VACANT LAND • 0.21 Acres
      Fogg Cmns Park, Plymouth, MI 48170
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Plymouth Township Industrial Land Parcel

      Rare industrial parcel in Plymouth Township, near Northville markets.
      46755 Five Mile Rd, Plymouth, MI 48170
      View Details
    • $399,900
      0.28 Acres

      Residential Land Near Wilcox Lake

      Vacant land near Wilcox Lake and Plymouth's Old Village.
      1103 N Mill St, Plymouth, MI 48170
      View Details
    • $275,000
      0.93 Acres

      Plymouth Township Vacant Land Parcel

      0.93-acre residential land parcel in a desirable Plymouth location.
      E Ann Arbor Trl, Plymouth, MI 48170
      View Details
    • Contact for pricing

      Residential Lots Near Hines Park

      Fully developed residential lots near downtown Plymouth and Hines Park.
      550 N Holbrook St, Plymouth, MI 48170
      View Details
    • $199,900
      1.80 Acres

      Residential Land in Quiet Cul-de-Sac

      1.8-acre lot for a dream home in Plymouth, MI.
      4745 Napier Ct, Plymouth, MI 48170
      View Details
    • $324,900
      Pending

      Buildable Lot in Superior Township

      4+ acre treed lot in Plymouth-Canton school district.
      8751 Warren Rd, Plymouth, MI 48170
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      8,884 SF

      Plymouth Executive Office Suites

      Modern Office Space, Ample Parking
      9401 General Dr, Plymouth, MI 48170
      View Details
    • $10 SF/Yr
      267,628 SF

      Plymouth Industrial Campus - For Lease

      Class A Manufacturing/Flex Space Available
      47912 Halyard Dr, Plymouth, MI 48170
      View Details
    • Contact for pricing
      4,355 SF

      Plymouth Retail Center - For Lease

      High-visibility retail space, ample parking.
      1368 Sheldon Rd, Plymouth, MI 48170
      View Details
    • $16 SF/Yr
      40,000 SF

      Plymouth Executive Office Suites

      Prime Office Space, Abundant Parking
      42171-42247 Ann Arbor Rd, Plymouth, MI 48170
      View Details
    • Contact for pricing
      3,893 SF

      Plymouth Warehouse Space Available

      3,893 SF warehouse space for lease in Plymouth, Michigan.
      41240 Joy Rd, Plymouth, MI 48170
      View Details
    • $10 SF/Yr
      7,477 SF

      Plymouth Flex Space For Lease

      Flex space available for lease in Plymouth Technology Park.
      44696-44808 Helm St, Plymouth, MI 48170
      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.
    40975 Concept Dr
    Plymouth, MI 48170-4252
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.