51779 Van Dyke Ave Shelby Township, MI 48316-4451
Property profile & analytics
51779 Van Dyke Ave Shelby Township, MI 48316-4451
- Day care centers
- 11,160 SF
- 1.51 lot acres
Property ID
US43-1096506
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.
Location Intelligence
Current Use by Public Records
- The Learning Experience - Shelby Township / Daycare Center
Property Details for 51779 Van Dyke Ave
- Year built
- 2007
- Lot size
- 1.51 lot acres
- Property size
- 11,160 SF
- Zone code
- C-2
- Property type
- Day care centers
- APN
- 23-07-16-426-009
- APU
- 230716426009
Description
This exceptional investment opportunity presents a fee-simple ownership of a 11,000 square foot, single-story childcare center in Shelby Township, Michigan. Built in 2006, the property sits on a 1.4-acre lot at 51779 Van Dyke Ave, a high-traffic area with over 33,000 vehicles per day. The property boasts a 15-year triple-net (NNN) lease with a reputable tenant, featuring 10% rent bumps every five years and two, five-year renewal options, ensuring consistent income growth. The current annual net operating income (NOI) is $252,000, resulting in an attractive 8.65% cap rate. The asking price is $2,913,294, translating to $264.84 per square foot. The property benefits from a strong demographic profile, with over 184,000 residents within a five-mile radius, a median home value exceeding $284,539 within three miles, and an average household income over $108,000 within the same radius. Nearby retail establishments include well-known brands like Advance Auto Parts, Rite Aid, Tim Hortons, Planet Fitness, Big Lots, and McDonald's, indicating a thriving commercial environment. This is a rare opportunity to acquire a stable, high-performing investment with significant long-term potential. The lease commenced August 1, 2018, and has 15 years remaining. The property is 100% occupied.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,280,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,580,000
- COMMERCIAL (GENERAL)
- $1,545,000
- OFFICE BUILDING
- $1,545,000
- RETAIL STORES
- $1,375,000
- MEDICAL BUILDING
- $1,370,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shelby Township
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0352
- Latitude
- 42.6752
- 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
$38,501
$0.00
$0.00
$789,800
-
$0.00
$0.00
$1,579,600
