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Property profile & analytics
OFF-MARKET
Commercial land
44750 Van Dyke Ave, Utica, MI 48317-5482
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-0074337
Property summary
AI-generated overview
This exceptional 5,568-square-foot Class A retail storefront, built in 2023, is ideally situated at 44750 Van Dyke Avenue, Utica, MI 48317, near the intersection of Van Dyke Hall Road. The single-tenant space boasts a spacious interior with 18' to 20' clear height ceilings, providing ample room for various commercial uses. Convenient access is ensured by a 12' x 12' overhead door and truck well, perfect for loading and unloading. Two restrooms are included for tenant and customer convenience. Ample on-site parking is available for employees and patrons. The property is zoned C-2, offering flexibility for a wide range of businesses. The landlord is willing to install storefront windows to suit retail tenants and may offer tenant improvement allowances to qualified applicants. This building presents a unique opportunity for businesses seeking a modern, well-located space in a thriving area. The property features one building with no elevators. The vacant space totals 5,568 square feet.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.48 ac (20,735 SF)
Zoning code
C-2
APN
11-10-03-101-054
UPID
US43-0074337
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ajy Commercial LLC
Ajy Commercial LLC
since 2025
6 recorded transactions
Zoning & alternative use
C-2 · Utica, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Utica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Utica submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,700
Tax year 2022
Assessed value
$46,600
Assessed 2023
Previous assessed
$46,600
+0.0% YoY
Effective rate
5.79%
On assessed value
Total market value
$93,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.48 ac (20,735 SF)
Zoning code
C-2
APN
11-10-03-101-054
UPID
US43-0074337
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Utica, MI
Zoning C-2 · permitted uses
C-2 · Utica, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Utica. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.48 ac
Current owner
From public records · entity-resolved
Ajy Commercial LLC
Entity
Mailing address
43668 FALLEN TREE DR, STERLING HEIGHTS, MI 48314-2051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Ajy Commercial LLC
44750 Van Dyke LLC
Deed
—
Jun 8, 2023
—
44750 Van Dyke LLC
—
Deed
related
$6,000,000 · Innovative Financing LLC
Mar 23, 2023
—
44750 Van Dyke LLC
—
Deed
related
$100,000 · Amjay Capital LLC
Oct 18, 2022
—
44750 Van Dyke LLC
—
Deed
related
$400,000 · Amjay Capital LLC
Sep 10, 2019
—
44750 Van Dyke LLC
Mel Land LLC
Warranty Deed
—
Jun 30, 2006
$190,000
Mel Land LLC
Hilgendorf,john S
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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