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

    4141 Grand River Ave Howell, MI 48855

    • Commercial real estate
    • 5.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4706022
    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

    • Commercial real estate

    Property Details for 4141 Grand River Ave

    Lot size
    5.09 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.09-acre commercial land parcel presents a unique investment opportunity in Howell, Michigan. Strategically located at 4141 West Grand River Avenue, near North Burkhart Road, this property boasts 474.38 feet of frontage on West Grand River Avenue, ensuring high visibility and accessibility. The site comprises two parcels and is situated adjacent to a recently constructed industrial complex, offering immediate proximity to established businesses and a growing commercial hub. While an older home and a large barn are currently on the site, their value is considered negligible. The barn, however, presents potential for renovation or repurposing. Utilities are readily available, including water, sewer, gas, and electric connections. This property's prime location and existing infrastructure make it ideal for a variety of commercial developments. Beyond outright sale, the seller is also open to exploring a land lease agreement with a qualified tenant. This flexibility offers multiple avenues for investment and development, making this a truly compelling opportunity in a thriving Michigan market. The property's size and location make it suitable for a wide range of commercial uses, presenting significant potential for future growth and return on investment. Interested parties are encouraged to explore the possibilities this exceptional property offers.

    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
    -83.9968845
    Latitude
    42.6332068

    Comparable in this City

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      Howell Commercial Land - $869,550

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    • $1,100,000

      12 Acres Industrial Land Opportunity

      12 acres of land designated for industrial use.
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    • $415,140
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      22.83 Acres, Prime Residential Lot
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    • $399,000

      Outlot Near Tanger Outlet Mall

      Outlot near Tanger Outlet Mall, designed for restaurant use.
      1399 N Burkhart Rd, Howell, MI 48855
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    • $99,900
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      Residential Land in Howell, MI

      3.12 acre lot ready for new dream home.
      Eason Dr, Howell, MI 48855
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    • 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

    Similar Nearby for Sale

    • $869,550
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      Howell Commercial Land - $869,550

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      View Details
    • $1,100,000

      12 Acres Industrial Land Opportunity

      12 acres of land designated for industrial use.
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    • $415,140
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      Howell Township Residential Land

      22.83 Acres, Prime Residential Lot
      0 Tooley-Howell Township, 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
    • $99,900
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      Residential Land in Howell, MI

      3.12 acre lot ready for new dream home.
      Eason Dr, Howell, MI 48855
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    • $1,665,000
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      Brewer Meadows: Howell Development Land

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    Similar Nearby for Lease

    • $17 SF/Yr
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      Office center with professional buildout and ample parking.
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      Howell Warehouse with Truckwell Access

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    • $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
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    4141 Grand River Ave
    Howell, MI 48855
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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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