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

    55130 Shelby Rd Shelby Township, MI 48316-1176

    • Office buildings
    • 3,734 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2020
    $270,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4661137
    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

    • Find Flood Insurance Agency / Insurance Agency
    • Your Hometown Shopper LLC / Advertising Agency / Mailing Service
    • AAA SPA / Massage Spa
    • EVIAN SPA / Massage Spa / Spa

    Property Details for 55130 Shelby Rd

    Year built
    1989
    Lot size
    0.51 lot acres
    Property size
    3,734 SF
    Zone code
    CK MAP
    Property type
    Office buildings
    APN
    23-07-05-376-008
    APU
    230705376008

    Description

    This exceptional 3,734 square foot office building, located at 55130 Shelby Rd, Shelby Township, MI 48316, presents a fantastic leasing opportunity. The single-story building, constructed in 1989 and extensively renovated in 2021, offers versatile space suitable for traditional office, executive office, or medical office uses. The property is classified as Class C and features a multi-tenant configuration, providing flexibility for businesses of various sizes. Its prime location at the crossroads of 25 Mile Rd and Shelby Rd offers unparalleled visibility and accessibility. The surrounding area boasts a vibrant mix of businesses, with numerous restaurants conveniently within walking distance. Recreational opportunities abound, with Stony Creek Metropark nearby and the Macomb Orchard Trail running directly behind the building. Ample parking is available, with 40+ spaces to accommodate tenants and their clients. This property provides a unique blend of convenience, accessibility, and recreational proximity, making it an ideal location for a variety of businesses seeking a well-maintained and conveniently located office space in Shelby Township. The building's recent renovation ensures modern amenities and a comfortable work environment. Don't miss this chance to secure your business's future in this thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -83.069
    Latitude
    42.6983
    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
    $6,535
    $0.00
    $0.00
    $184,200
    -
    $0.00
    $0.00
    $368,400

    Comparable in this City

    • Value Estimation
      $780,000
      7,110 SF

      51424 Van Dyke Ave

      OFFICE BUILDING • 7,110 SF
      51424 Van Dyke Ave, Shelby Township, MI 48316-4406
      View Details
    • Value Estimation by Request
      2,751 SF

      5750 24th Mile Rd

      OFFICE BUILDING • 2,751 SF
      5750 24th Mile Rd, Shelby Township, MI 48316-3206
      View Details
    • Value Estimation
      $1,485,000
      23,630 SF

      52965 Van Dyke Ave

      OFFICE BUILDING • 23,630 SF
      52965 Van Dyke Ave, Shelby Township, MI 48316-3544
      View Details
    • Value Estimation
      $815,000
      4,147 SF

      51847 Van Dyke Ave

      OFFICE BUILDING • 4,147 SF
      51847 Van Dyke Ave, Shelby Township, MI 48316-4454
      View Details
    • Value Estimation by Request
      915 SF

      53409 Van Dyke Ave

      OFFICE BUILDING • 915 SF
      53409 Van Dyke Ave, Shelby Township, MI 48316-1859
      View Details
    • Value Estimation
      $1,070,000
      7,266 SF

      8155 Annsbury Dr

      OFFICE BUILDING • 7,266 SF
      8155 Annsbury Dr, Shelby Township, MI 48316-1912
      View Details

    Similar Nearby for Sale

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      Shelby Twp Professional Office Building

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      3 bed, 3 bath condo with finished basement and garage.
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      22.6 Acre Commercial Land

      22.6 acre commercial land in Shelby Township, Michigan.
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    • New
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      Shelby Twp Vacant Lot

      1.33-acre vacant lot in Shelby Twp with utilities available.
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    Similar Nearby for Lease

    • $3,726 /Mo
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      Retail/Medical Units in Utica, MI

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    • Contact for pricing
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      Shops At River's Edge: Prime Commercial Space

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      Office or retail space suitable for various professional services.
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    • $15 SF/Yr
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      Vandyke Road Retail Space Available

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    Shelby Township, MI 48316-1176
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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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