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

    5959 Ford Ct Brighton, MI 48116

    • Industrial properties
    • 38,644 SF
    • 2.28 lot acres
    For Sale
    View listing
    $399,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1207780
    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

    • Industrial properties

    Property Details for 5959 Ford Ct

    Lot size
    2.28 lot acres
    Property size
    38,644 SF
    Zone code
    I-1
    Property type
    Industrial properties
    APN
    12-35-401-003
    APU
    1235401003

    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
    Brighton
    County
    Livingston
    State
    Michigan
    Longitude
    -83.6996
    Latitude
    42.5195
    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
    2019
    $31,689
    $0.00
    $0.00
    $1,245,700
    -
    $0.00
    $0.00
    $2,491,400

    Comparable in this City

    • Value Estimation by Request
      17,500 SF

      11801 Grand River Ave

      Distribution properties • 17,500 SF
      11801 Grand River Ave, Brighton, MI 48116
      View Details
    • Value Estimation by Request
      17,500 SF

      11801 Grand River Ave

      Distribution properties • 17,500 SF
      11801 Grand River Ave, Brighton, MI 48116
      View Details
    • Value Estimation by Request
      26,214 SF

      1279 Rickett Rd

      INDUSTRIAL (GENERAL) • 26,214 SF
      1279 Rickett Rd, Brighton, MI 48116-1832
      View Details
    • Value Estimation by Request
      1,700 SF

      12755 Silver Lk Rd

      INDUSTRIAL (GENERAL) • 1,700 SF
      12755 Silver Lk Rd, Brighton, MI 48116-8322
      View Details
    • Value Estimation by Request
      5,546 SF

      12813 Silver Lk Rd, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 5,546 SF
      12813 Silver Lk Rd, Brighton, MI 48116-8516
      View Details
    • Value Estimation by Request
      87,046 SF

      12534 Emerson Dr

      INDUSTRIAL (GENERAL) • 87,046 SF
      12534 Emerson Dr, Brighton, MI 48116-8437
      View Details

    Similar Nearby for Sale

    • $700,000
      0.19 Acres

      Downtown Brighton Development Opportunity

      Three Parcels, Mixed-Use Potential
      212 East St, Brighton, MI 48116
      View Details
    • Contact for pricing
      35,636 SF

      Brighton Industrial Multi-Tenant Building

      35,636 SF Flex/Warehouse, Multi-Tenant
      12877 Emerson Dr, Brighton, MI 48116
      View Details
    • $350,000
      1,777 SF

      Brighton Industrial Space - Grand River Ave

      High-visibility Brighton office, ample parking.
      1020 Grand River Ave, Brighton, MI 48116
      View Details
    • $2,400,000
      17,500 SF

      Brighton Warehouse: Prime Industrial Space

      17,500 SF Warehouse, Excellent Location
      11801 Grand River Ave, Brighton, MI 48116
      View Details
    • Contact for pricing
      35,636 SF

      Brighton Warehouse Space Available

      35,636 SF warehouse/industrial property in Brighton, Michigan.
      12877 Emerson Dr, Brighton, MI 48116
      View Details
    • $1,237,500
      5.50 Acres

      Legacy Park Commercial Land

      5.5 Acres, Brighton, MI - Prime Development Site
      0 Whitmore Lake Rd, Brighton, MI 48116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Emerson Drive Industrial Space

      12,000 SF Warehouse/Manufacturing Space Available
      12800-12828 Emerson Dr, Brighton, MI 48116
      View Details
    • $2,800,000
      9,200 SF

      Industrial Building on Grand River

      Well-maintained industrial building with fenced lot and storage.
      11801 Grand River Rd, Brighton, MI 48116
      View Details
    • $9 SF/Yr
      71,232 SF

      Manufacturing and Distribution Building For Rent

      Manufacturing and distribution building with renovated office and shop areas.
      7290-7310 Kensington Rd, Brighton, MI 48116
      View Details
    • $8 SF/Yr
      37,553 SF

      Brighton Warehouse Space for Lease

      Warehouse space available for lease in Kensington Pines Industrial Park.
      7600-7800 Kensington Ct | Brighton, Brighton, MI 48116
      View Details
    • Contact for pricing
      6,080 SF

      6,080 SF Flex Building

      Flex building with office/showroom, premier frontage, and centralized location.
      9901 East Grand River Ave, Brighton, MI 48116
      View Details
    • $10 SF/Yr
      12,117 SF

      Brighton Flex/Industrial Space Available

      Flex/industrial space with easy highway access in Brighton, MI.
      301-302 Appian Way Dr, Brighton, MI 48116
      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.
    5959 Ford Ct
    Brighton, MI 48116
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.