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    45160 Utica Park Blvd Utica, MI 48315
    Property profile & analytics

    45160 Utica Park Blvd, Utica, MI 48315

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    • Retail space
    • 438,578 SF
    • 36.60 lot acres
    For Lease
    $28,970,000
    View Listing →
    Retail Center in Active Corridor For Lease
    $28,970,000
    489,464 SF

    Retail Center in Active Corridor

    Specialty retail center in a high-traffic location.

    45160 Utica Park Blvd, Utica, MI 48315
    View Listing
    Property ID
    US43-1198376
    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 45160 Utica Park Blvd

    Year built
    1992
    Lot size
    36.60 lot acres
    Zone code
    MXD
    Property type
    Retail space
    APN
    11-07-35-300-054
    APU
    110735300054

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,968,000
      Market price range: $29.0M - $84.5M
      AI Estimate
      $28,968,000
      Market price range: $29.0M - $84.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0067
    Latitude
    42.6294
    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
    $549,788
    $0.00
    $0.00
    $11,237,500
    -
    $0.00
    $0.00
    $22,475,000

    Comparable in this City

    • Value Estimation
      $2,155,000
      12,532 SF

      12745 23rd Mile Rd

      RETAIL STORES (PERSONAL SERVICES)
      12745 23rd Mile Rd, Shelby Township, MI 48315-2703
      View Details
    • Value Estimation
      $1,370,000
      9,600 SF

      45011 Utica Park Blvd

      RETAIL STORES (PERSONAL SERVICES)
      45011 Utica Park Blvd, Utica, MI 48315-5951
      View Details
    • Value Estimation
      $3,635,000
      32,597 SF

      14105 Hall Rd

      RETAIL STORES (PERSONAL SERVICES)
      14105 Hall Rd, Shelby Township, MI 48315-6142
      View Details
    • Value Estimation
      $6,525,000
      53,389 SF

      14135 Hall Rd

      RETAIL STORES (PERSONAL SERVICES)
      14135 Hall Rd, Shelby Township, MI 48315-6142
      View Details
    • Value Estimation
      $825,000
      4,284 SF

      14771 Hall Rd

      RETAIL STORES (PERSONAL SERVICES)
      14771 Hall Rd, Shelby Township, MI 48315-6203
      View Details
    • Value Estimation
      $875,000
      4,572 SF

      45111 Park Ave

      RETAIL STORES (PERSONAL SERVICES)
      45111 Park Ave, Utica, MI 48315-5905
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,050 SF

      Hall Road Retail Investment Opportunity

      New construction retail space with credit tenant on Hall Road.
      15133 Hall Rd, Shelby Township, MI 48315
      View Details
    • Contact for pricing
      30,000 SF

      30,000 SF Retail Opportunity

      Single tenant retail space available for sale.
      45290 Utica Park Blvd, Utica, MI 48315
      View Details
    • $125,000
      4,200 SF

      Established Market in Shelby, MI

      Market with bakery, meat, and Mediterranean kitchen in Shelby.
      45701 Hayes Rd, Shelby, MI 48315
      View Details
    • Contact for pricing

      Established Market with Mediterranean Cuisine

      Thriving market with bakery, meat, and Mediterranean kitchen.
      45701 Hayes Rd, Shelby Twp, MI 48315
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Building in Shelby Township

      Free-standing industrial building in Shelby Township, tenant in place.
      14125 Industrial Center Dr, Shelby Township, MI 48315
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Growing Community

      Retail space available in a high-growth residential area.
      13361-13477 Hall Rd, Utica, MI 48315
      View Details
    • Contact for pricing
      3,813 SF

      Retail Space in Utica, MI

      Retail space available in a high-traffic, growing residential area.
      42040-45250 Northpointe Blvd, Utica, MI 48315
      View Details
    • Contact for pricing
      1,596 SF

      Retail Space in Growing Area

      Retail space available in a high-traffic shopping center.
      53153-53193 Hayes Rd, Utica, MI 48315
      View Details
    • Contact for pricing
      1,392 SF

      Retail Space in Growing Community

      Retail space available in a high-growth residential area.
      13221-13333 Hall Rd, Utica, MI 48315
      View Details
    • Contact for pricing
      3,240 SF

      Shelby Township Flex Space Available

      Flex space with high ceilings, overhead doors, and ample parking.
      45147-45231 Market St, Shelby Township, MI 48315
      View Details
    • Contact for pricing
      800 SF

      Hall Road Retail Space Available

      Retail space with high visibility and strong retail synergy.
      13987 Hall Rd, Shelby Township, MI 48315
      View Details

    Property Visit Statistics

    • Visits by month
      28.3k
    • Visitors by month
      24.7k
    • Avg Time on site
      38 min
    View Listing
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    Utica, MI 48315
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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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    45160 Utica Park Blvd, Utica, MI, 48315
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