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    45101 Cass Ave Utica, MI 48317-5508
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    45101 Cass Ave Utica, MI 48317-5508

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    • Retail space
    • 1,684 SF
    • 0.04 lot acres
    For Lease
    View Listing →
    Downtown Utica Retail Space Available For Lease
    Contact for pricing
    1,684 SF

    Downtown Utica Retail Space Available

    Highly visible retail building in walkable downtown Utica location.

    45101 Cass Ave, Utica, MI
    View Listing
    Property ID
    US43-0156551
    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

    • Retail space

    Property Details for 45101 Cass Ave

    Year built
    1922
    Lot size
    0.04 lot acres
    Property size
    1,684 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    11-07-33-481-021
    APU
    110733481021

    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
    Utica
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0336
    Latitude
    42.6262
    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
    $2,372
    $0.00
    $0.00
    $82,100
    -
    $0.00
    $0.00
    $164,200

    Comparable in this City

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      1,704 SF

      45129 Cass Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,704 SF
      45129 Cass Ave, Utica, MI 48317-5508
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    • Value Estimation by Request
      3,460 SF

      45608 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,460 SF
      45608 Van Dyke Ave, Utica, MI 48317-5366
      View Details
    • Value Estimation
      $1,285,000
      9,604 SF

      50114 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,604 SF
      50114 Van Dyke Ave, Shelby Township, MI 48317-1351
      View Details
    • Value Estimation by Request
      3,929 SF

      45637 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,929 SF
      45637 Van Dyke Ave, Utica, MI 48317-5368
      View Details
    • Value Estimation by Request
      2,420 SF

      4030 Auburn Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,420 SF
      4030 Auburn Rd, Shelby Township, MI 48317-4000
      View Details
    • Value Estimation by Request
      7,526 SF

      7732 Auburn Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,526 SF
      7732 Auburn Rd, Utica, MI 48317-5221
      View Details

    Similar Nearby for Sale

    • $75,000
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      Turnkey Boutique Business Opportunity

      Established clothing boutique in Shelby Twp, ready for new ownership.
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    • $800,000
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      Commercial Property on Cass Avenue

      High-visibility commercial property in Utica, MI, with redevelopment potential.
      45199 Cass Ave, Utica, MI 48317
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      Mound Road Commercial Building

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    • $775,000
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      Mound Road Commercial Opportunity

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      50285 Mound Rd, Shelby, MI 48317
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    • $69,900
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      Established Jewelry Business Opportunity

      Operating jewelry business for sale with safes and displays.
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    • Contact for pricing

      Van Dyke Retail/Office Space

      Retail/Office space on Van Dyke, south of 23 Mile Road.
      49550 Van Dyke Ave, Shelby Township, MI 48317
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      6,000 SF

      Shelby Twp Retail Opportunity

      Spacious 6,000 SF retail space in a vibrant location.
      49562 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • $18 SF/Yr
      16,500 SF

      Retail Space in Shelby Township

      Retail space for lease in a multi-tenant property.
      50940-50980 Shelby Rd, Utica, MI 48317
      View Details
    • $16 SF/Yr

      Retail Space in Shelby Township

      Retail space available in a professionally managed plaza.
      49045-49125 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • $13 SF/Yr

      Retail Space on Van Dyke

      Retail space available in a busy Utica shopping strip.
      47501 Van Dyke Ave, Utica, MI 48317
      View Details
    • Contact for pricing

      Retail Space on Van Dyke

      Retail space available with existing plumbing infrastructure and signage.
      46260-46370 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
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    Utica, MI 48317-5508
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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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    45101 Cass Ave, Utica, MI, 48317
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