Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    43275 Irwin Dr Harrison Township, MI 48045-1328
    Back to Search
    Property profile & analytics

    43275 Irwin Dr, Harrison Township, MI 48045-1328

    View on Map
    • Industrial properties
    • 7,738 SF
    • 2.06 lot acres
    Off-Market
    Last Sale Sep 22, 2021
    Property ID
    US43-1136428
    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
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 43275 Irwin Dr

    Year built
    1978
    Lot size
    2.06 lot acres
    Zone code
    WAREHOUSE
    Property type
    Industrial properties
    APN
    17-12-07-151-016
    APU
    171207151016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 22, 2021 — William H Stinson William H Stinson Intrafamily Transfer · related —
    Sep 12, 2018 — Stinson Property 1 LLC — Deed · related $692k · Pnc Bk
    — — Stinson Property 1 LLC — Loan Modification · related $692k · Pnc Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $531,000
      Market price range: $332k - $729k
      AI Estimate
      $531,000
      Market price range: $332k - $729k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $505,000
      Current use
      RETAIL STORES
      $805,000
      Change: +60% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $795,000
      Change: +58% Conversion: Difficult
      OFFICE BUILDING
      $735,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $665,000
      Change: +32% Conversion: Easy
      WAREHOUSE, STORAGE
      $520,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrison Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8517
    Latitude
    42.6117
    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
    $4,624
    $0.00
    $0.00
    $213,800
    -
    $0.00
    $0.00
    $427,600

    Comparable in this City

    • Value Estimation by Request
      1.26 Acres

      Jefferson Ave

      Individual retail properties
      0 Jefferson Ave, Harrison Township, MI 48045
      View Details
    • Value Estimation by Request
      9.40 Acres

      Harrison Township, MI 48045

      INDUSTRIAL (GENERAL)
      Harrison Township, MI 48045
      View Details
    • Value Estimation by Request
      1,332 SF

      25255 Henry B Joy Blvd

      INDUSTRIAL (GENERAL)
      25255 Henry B Joy Blvd, Harrison Township, MI 48045-1319
      View Details
    • Value Estimation by Request
      1.46 Acres

      41645 Production Dr

      INDUSTRIAL (GENERAL)
      41645 Production Dr, Harrison Township, MI 48045-1369
      View Details
    • Value Estimation by Request

      42050 Executive Dr

      INDUSTRIAL (GENERAL)
      42050 Executive Dr, Harrison Township, MI 48045-1311
      View Details
    • Value Estimation by Request

      42150 Executive Dr

      INDUSTRIAL (GENERAL)
      42150 Executive Dr, Harrison Township, MI 48045-1376
      View Details

    Similar Nearby for Sale

    • $37,500
      0.32 Acres

      Residential Land in Harrison Twp

      Vacant lot in Harrison Twp, Macomb County, Michigan.
      25891 Ballard St, Harrison Twp, MI 48045
      View Details
    • $250,000

      Harrison Twp Land Opportunity

      1.26 acre lot near the water.
      00 Jefferson Ave, Harrison Township, MI 48045
      View Details
    • Contact for pricing

      Harrison Twp Boat Slip For Sale

      Dockominium community with access to Lake St. Clair and Anchor Bay.
      32081 N River Rd, Harrison Twp, MI 48045
      View Details
    • $540,000
      2.30 Acres

      Waterfront Development Land

      Two waterfront lots on the Clinton River offering substantial riverfront frontage for development planning.
      N Riv A-B Rd, Harrison Twp, MI 48045
      View Details
    • Contact for pricing
      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

    Similar Nearby for Lease

    • $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
    • 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
    • $2,000 /Mo

      Retail/Office Storefront Space

      Storefront and office-ready space with large windows and street-level digital exposure in an established plaza.
      35628 Jefferson Ave, Harrison Township, MI 48045
      View Details
    • 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
    • $2,200 /Mo
      1,560 SF

      Storefront Retail & Office Space

      Versatile retail and office suite with large storefront windows, a double-wide door, and customer parking in an established plaza.
      35628 Jefferson Cmn, Harrison Twp, MI 48045
      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.
    43275 Irwin Dr
    Harrison Township, MI 48045-1328
    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

    Thank You for Inquiry
    43275 Irwin Dr, Harrison Township, MI, 48045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!