Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    48950 Van Dyke Ave Shelby Township, MI 48317-2567

    • Government properties
    • 4,034 SF
    • 1.46 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2022
    $1,200,000
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5264856
    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

    • Government properties

    Property Details for 48950 Van Dyke Ave

    Year built
    1982
    Lot size
    1.46 lot acres
    Property size
    4,034 SF
    Zone code
    C-1
    Property type
    Government properties
    APN
    23-07-27-101-016
    APU
    230727101016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0328
    Latitude
    42.6547
    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
    $16,415
    $0.00
    $0.00
    $282,500
    -
    $0.00
    $0.00
    $565,000

    Comparable in this City

    • Value Estimation
      $800,000
      3,739 SF

      50955 Mound Rd

      CENTRALLY ASSESSED • 3,739 SF
      50955 Mound Rd, Shelby Township, MI 48317-1323
      View Details
    • Value Estimation
      $1,555,000
      7,407 SF

      45303 Van Dyke Ave

      CENTRALLY ASSESSED • 7,407 SF
      45303 Van Dyke Ave, Utica, MI 48317-5675
      View Details
    • Value Estimation
      $570,000
      5,202 SF

      47127 Van Dyke Ave

      CENTRALLY ASSESSED • 5,202 SF
      47127 Van Dyke Ave, Shelby Township, MI 48317-3359
      View Details
    • Value Estimation
      $715,000
      3,355 SF

      49675 Van Dyke Ave

      CENTRALLY ASSESSED • 3,355 SF
      49675 Van Dyke Ave, Shelby Township, MI 48317-1316
      View Details
    • Value Estimation
      $595,000
      3,723 SF

      50920 Van Dyke Ave

      CENTRALLY ASSESSED • 3,723 SF
      50920 Van Dyke Ave, Shelby Township, MI 48317-1367
      View Details
    • Value Estimation by Request
      2,937 SF

      48377 Van Dyke Ave

      CENTRALLY ASSESSED • 2,937 SF
      48377 Van Dyke Ave, Shelby Township, MI 48317-3263
      View Details

    Similar Nearby for Sale

    • $985,000
      12,500 SF

      Utica Church Ready for Service

      Move-in ready church with ample space and recent updates.
      45504 Cass Ave, Utica, MI 48317
      View Details
    • $69,900
      1,600 SF

      Utica Retail Space: Jewelery Business

      Established Jewelry Store, High Traffic Area
      8771 Hall Rd, Utica, MI 48317
      View Details
    • $825,000

      Shelby Pub & Grill Opportunity

      Prime location with high visibility, ideal for restaurant/pub.
      47980 Van Dyke Ave, Utica, MI 48317
      View Details
    • Contact for pricing
      39,000 SF

      Four-Story Office Building on Hall

      Four-story office building with convenient parking and attractive rental rates.
      11111 Hall Rd, Utica, MI 48317
      View Details
    • $415,000
      2,805 SF

      Versatile Utica Ranch For Sale

      2,805 SF Utica property suitable for residential or commercial use.
      45280 Cass Ave, Utica, MI 48317
      View Details
    • $2,800,000
      17,086 SF

      Mound Road Flex Space Investment

      17,086 SF Flex Space, Shelby Twp, MI
      45700 Mound Rd, Shelby Township, MI 48317
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo
      12,500 SF

      Renovated Church Available For Lease

      Handicap accessible, renovated church in Utica available for shared lease.
      45504 Cass Ave, Utica, MI 48317
      View Details
    • $6,000 /Mo

      Utica Commercial Space Available

      Commercial space for rent in Utica, Michigan.
      49562 Van Dyke Ave, Utica, MI 48317
      View Details
    • $2,200 /Mo
      1,684 SF

      Downtown Utica Retail Space Available

      Highly visible retail building in walkable downtown Utica location.
      45101 Cass Ave, Utica, MI 48317
      View Details
    • $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
    • $22 SF/Yr
      17,086 SF

      Mound Road Office Building - 17,086 SF

      Prime Macomb County office space; high visibility, ample parking.
      45700 Mound Rd, Shelby Township, MI 48317
      View Details
    • $13 SF/Yr
      5,800 SF

      Shaggy Dog Plaza: Utica Retail Space

      Prime Utica Retail, 1,248 SF Available
      47501 Van Dyke Ave, Utica, MI 48317
      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.
    48950 Van Dyke Ave
    Shelby Township, MI 48317-2567
    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

    Google sign-in failed. Please try again or use another login method.