Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    7120 Haggerty Rd Canton, MI 48187-3500

    • Industrial land
    • 1.57 lot acres
    OFF-MARKET
    Last Sale
    Aug 24, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5011721
    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

    • Planet Home Lending / Mortgage Lender
    • Help-U-Sell Real Estate / Real Estate Agency
    • West Side Transport - Canton, Michigan / Transportation Service / Trucking Company
    • Woodlyn Sales / Electrical Supply Store
    • Loan Simple - The McGuire Team / Loan Agency

    Property Details for 7120 Haggerty Rd

    Lot size
    1.57 lot acres
    Zone code
    LI-1
    Property type
    Industrial land
    APN
    71 046 99 0002 704
    APU
    71046990002704

    Description

    This exceptional single-story executive office building, located at 7120 N Haggerty Road in Canton, Michigan, offers a prime opportunity for businesses seeking flexible and modern workspace. The property boasts a total of 6,000 square feet, with 3,000 square feet currently available for lease. Units can be leased in sizes ranging from a minimum of 1,000 square feet to a maximum contiguous space of 2,000 square feet, making it ideal for a variety of business needs. Built in 2001, the building is situated on a generous 1.57-acre lot and features ample parking with 33 spaces available for tenants and guests. The property is zoned LI (Light Industrial), providing versatility for various office uses. The convenient location in Canton, Michigan, zip code 48187, offers easy access to major transportation routes and amenities. This multi-tenant building provides a professional and efficient work environment. The Wayne County location and APN 71-046-99-0002-703 further identify this attractive property. Don't miss this chance to secure your ideal office space in this well-maintained and strategically located building.

    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
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4442
    Latitude
    42.3351
    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
    $5,134
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      8081 Haggerty N Rd

      INDUSTRIAL - VACANT LAND • 1.35 Acres
      8081 Haggerty N Rd, Canton, MI 48187-2064
      View Details
    • Value Estimation by Request
      10.36 Acres

      Warren Rd

      INDUSTRIAL - VACANT LAND • 10.36 Acres
      Warren Rd, Canton, MI 48187
      View Details
    • Value Estimation by Request
      18.69 Acres

      Warren Rd

      INDUSTRIAL - VACANT LAND • 18.69 Acres
      Warren Rd, Canton, MI 48187
      View Details
    • Value Estimation by Request
      2.19 Acres

      Commerce Blvd

      INDUSTRIAL - VACANT LAND • 2.19 Acres
      Commerce Blvd, Canton, MI 48187
      View Details
    • Value Estimation by Request
      0.40 Acres

      Haggerty N Rd

      INDUSTRIAL - VACANT LAND • 0.40 Acres
      Haggerty N Rd, Canton, MI 48187
      View Details
    • Value Estimation by Request
      0.34 Acres

      Baron Dr

      INDUSTRIAL - VACANT LAND • 0.34 Acres
      Baron Dr, Canton, MI 48187
      View Details

    Similar Nearby for Sale

    • $343,200
      4.29 Acres

      Canton Land For Sale

      4.29-acre site in Koppernick Corporate Park, ideal for development.
      00 Commerce Blvd, Canton, MI 48187
      View Details
    • $360,000
      4.50 Acres

      Canton Vacant Land For Sale

      4.50-acre site in Koppernick Corporate Park, Canton, MI.
      000 Commerce Blvd, Canton, MI 48187
      View Details
    • Contact for pricing
      10.07 Acres

      Canton, MI IKEA Outlot

      10-Acre Commercial Land, High Visibility
      41640 Ford Rd, Canton, MI 48187
      View Details
    • Contact for pricing
      10.07 Acres

      Canton, MI Commercial Land - 10 Acres

      High-traffic IKEA outlot, C-4 zoning.
      41650 Ford Rd, Canton, MI 48187
      View Details
    • $1,900,000
      19.23 Acres

      Canton Land Ready for Development

      19.23 acre parcel in Canton, Michigan, ready for development.
      Cherry Hill Rd, Canton, MI 48187
      View Details
    • Contact for pricing

      Wooded Lot in Prime Location

      Wooded lot near shopping with potential commercial conversion.
      Frd Rd. Rd, Canton, MI 48187
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      161,608 SF

      Canton Industrial Land - Warren Rd

      3.71-acre lot, build-to-suit options.
      0 Warren Rd, Canton, MI 48187
      View Details
    • Contact for pricing
      350,000 SF

      Canton Industrial Park Land

      18-Acre Industrial Site, Build-to-Suit
      6882 Commerce Blvd, Canton, MI 48187
      View Details
    • Contact for pricing
      261,360 SF

      Canton Retail Land - I-275 Frontage

      High-traffic retail land, multiple outlots available.
      0 Ford Rd, Canton, MI 48187
      View Details
    • Contact for pricing

      Canton Commercial Land - 3 Acres

      Prime Canton location, 3 acres, C-1 zoning.
      0 Sec Warren & Sheldon Rd, Canton, MI 48187
      View Details
    • Contact for pricing
      3,600 SF

      Canton Restaurant Opportunity

      3,600 SF Restaurant, 0.68 Acres
      41275 Ford Rd, Canton, MI 48187
      View Details
    • $16 SF/Yr
      12,000 SF

      Canton Retail Space - 12,000 SF

      High-visibility Canton retail space available.
      42433 Ford Rd, Canton, MI 48187
      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.
    7120 Haggerty Rd
    Canton, MI 48187-3500
    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.