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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    54363 Grand River Ave New Hudson, MI 48165

    • Warehouses
    • 148,298 SF
    For Lease
    View listing
    Last Sale
    Feb 03, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4766625
    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

    • Warehouses

    Property Details for 54363 Grand River Ave

    Year built
    2022
    Property size
    148,298 SF
    Property type
    Warehouses
    APN
    K -21-11-151-014
    APU
    K2111151014

    Description

    This exceptional 150,000-square-foot Class A warehouse in New Hudson, Michigan, offers a prime location within the 500-acre Lyon Distribution Center and South Hill Business Parks master-planned development. The newly constructed facility boasts a single-tenant occupancy, 36-foot clear ceiling height, and 16 dock-high doors, complemented by 2 drive-in doors. Ample parking is provided with 315 spaces, including 295 auto and 20 trailer spaces. The building features a robust 1,200 amp, 480-volt, 3-phase electrical service, designed for expansion up to 15,000 amps. Constructed with pre-cast insulated concrete panels, the warehouse offers 56' x 60' column spacing and a 7-inch reinforced concrete slab floor. Further enhancing its functionality are ESFR fire suppression and a strategic location in Oakland County, Michigan, at 54363 Grand River Ave, New Hudson, MI 48165. This property presents a rare opportunity for businesses seeking a modern, efficient, and strategically located warehouse space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,247,000
      Market price range: $7.10M - $19.1M
      AI Estimate
      $13,879,000
      Market price range: $4.28M - $15.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $11,325,000
      Current use
      RESTAURANT
      $25,670,000
      Change: +127% Conversion: Difficult
      RETAIL STORES
      $25,030,000
      Change: +121% Conversion: Moderate
      MEDICAL BUILDING
      $23,410,000
      Change: +107% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $18,175,000
      Change: +60% Conversion: Easy
      OFFICE BUILDING
      $17,395,000
      Change: +54% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $13,800,000
      Change: +22% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hudson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5883
    Latitude
    42.5045
    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
    2023
    $282,481
    $0.00
    $0.00
    $6,041,100
    -
    $0.00
    $0.00
    $12,082,200

    Comparable in this City

    • Value Estimation by Request
      286,708 SF

      54725 Grand Riv Ave

      WAREHOUSE, STORAGE • 286,708 SF
      54725 Grand Riv Ave, New Hudson, MI 48165-8526
      View Details
    • Value Estimation by Request
      99,031 SF

      21810 Clessie Ct

      Distribution properties • 99,031 SF
      21810 Clessie Ct, New Hudson, MI 48165
      View Details
    • Value Estimation
      $1,740,000
      20,300 SF

      56085 Grand Riv Ave

      WAREHOUSE, STORAGE • 20,300 SF
      56085 Grand Riv Ave, New Hudson, MI 48165-9396
      View Details
    • Value Estimation
      $2,960,000
      31,667 SF

      29600 Wk Smith Dr

      WAREHOUSE, STORAGE • 31,667 SF
      29600 Wk Smith Dr, New Hudson, MI 48165-9722
      View Details
    • Value Estimation
      $18,080,000
      154,490 SF

      54061 Ambassador Pkwy E Rd

      WAREHOUSE, STORAGE • 154,490 SF
      54061 Ambassador Pkwy E Rd, New Hudson, MI 48165-2301
      View Details
    • Value Estimation
      $18,855,000
      287,382 SF

      55500 Grand Riv Ave

      WAREHOUSE, STORAGE • 287,382 SF
      55500 Grand Riv Ave, New Hudson, MI 48165-9318
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      New Industrial Property For Sale

      New construction industrial property with above-market income through 2030.
      Hew, Hudson, MI 48165
      View Details
    • $10,200,000
      30.74 Acres

      Grand River Industrial Land

      30 Acres, I-96 Frontage, Buildable
      54500 Grand Riv Ave, Lyon Charter Township, MI 48165
      View Details
    • Contact for pricing
      4.00 Acres

      Prime Lyon Township Land Investment

      Two I-1 Light Industrial Parcels
      Land Grand Riv & Clessie Ct, New Hudson, MI 48165
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    • Contact for pricing
      2.93 Acres

      South Hill Industrial Land Parcels

      Wixom, MI industrial land: build-to-suit.
      0 Hl Rd, Wixom, MI 48165
      View Details
    • $165,000
      2.34 Acres

      Industrial Land: Haas Road, MI

      2.34 Acres, I-1 Zoning, $165,000
      0 Of Grand Riv, South Lyon, MI 48165
      View Details
    • $2,350,000
      19,800 SF

      New Hudson Industrial Flex Space

      19,800 SF Flex Space, High Growth Area
      56495 Grand River Ave, New Hudson, MI 48165
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      150,000 SF

      New Class A Industrial Facility

      150,000 SF Class A industrial facility for lease.
      54363 Grand River Ave, New Hudson, MI 48165
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in New Hudson, Michigan.
      30165 South Hill Rd, New Hudson, MI 48165
      View Details
    • $4,778 /Mo

      Industrial Flex Space For Rent

      Well-maintained flex space with ample parking and easy freeway access.
      29561 Costello Dr, New Hudson, MI 48165
      View Details
    • Contact for pricing
      1 SF

      Wixom Land: Prime Commercial Site

      Flexible Zoning, Multiple Acreage Options
      0 Hl Rd, Wixom, MI 48165
      View Details
    • Contact for pricing
      77,537 SF

      New Hudson Commercial Land Opportunity

      1.78-acre lot, prime location, ready for development
      57036 Grand Riv Ave, Lyon Charter Township, MI 48165
      View Details
    • $14 SF/Yr
      18,500 SF

      New Hudson Plaza Retail Space

      Prime Retail Space in Oakland County, MI
      56270 Grand River Ave, New Hudson, MI 48165
      View Details
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    New Hudson, MI 48165
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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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