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

    7444 Haggerty Rd Canton, MI 48187-2437

    • Manufacturing properties
    • 55,661 SF
    • 4.10 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2023
    $5,000,000
    Value Estimations
    $4,785,000
    Show details
    Cap Rate Potential
    5.6%
    Manufacturing properties
    Location Intelligence
    Property ID
    US43-1352434
    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

    • CardiArc / Medical Clinic
    • DNR Parts Cleaning / Industrial Manufacturer / Metal Fabrication Plant

    Property Details for 7444 Haggerty Rd

    Year built
    1995
    Lot size
    4.10 lot acres
    Property size
    55,661 SF
    Zone code
    LI-1
    Property type
    Manufacturing properties
    APN
    71 003 99 0008 707
    APU
    71003990008707

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,110,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,805,000
      6.5%
      $4,435,000
      7%
      $4,115,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,588,000
      Market price range: $2.49M - $5.11M
      AI Estimate
      $4,588,000
      Market price range: $2.49M - $5.11M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,785,000
      Current use
      OFFICE BUILDING
      $7,405,000
      Change: +96% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,110,000
      Change: +61% Conversion: Easy
      RETAIL STORES
      $5,975,000
      Change: +58% Conversion: Moderate
      MEDICAL BUILDING
      $5,415,000
      Change: +43% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4436
    Latitude
    42.34
    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
    $85,193
    $0.00
    $0.00
    $1,676,400
    -
    $0.00
    $0.00
    $3,352,800

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      7763 Haggerty Rd

      Distribution properties • 20,000 SF
      7763 Haggerty Rd, Canton, MI 48187
      View Details
    • Value Estimation
      $4,745,000
      55,238 SF

      7145 Commerce Blvd

      MANUFACTURING (LIGHT) • 55,238 SF
      7145 Commerce Blvd, Canton, MI 48187-4288
      View Details
    • Value Estimation
      $5,870,000
      63,918 SF

      7121 Haggerty Rd

      MANUFACTURING (LIGHT) • 63,918 SF
      7121 Haggerty Rd, Canton, MI 48187-2452
      View Details
    • Value Estimation
      $18,080,000
      269,649 SF

      6700 Haggerty Rd

      MANUFACTURING (LIGHT) • 269,649 SF
      6700 Haggerty Rd, Canton, MI 48187-3598
      View Details
    • Value Estimation
      $955,000
      14,000 SF

      7001 Haggerty Rd

      MANUFACTURING (LIGHT) • 14,000 SF
      7001 Haggerty Rd, Canton, MI 48187-2452
      View Details
    • Value Estimation
      $1,385,000
      19,332 SF

      41158 Koppernick Rd

      MANUFACTURING (LIGHT) • 19,332 SF
      41158 Koppernick Rd, Canton, MI 48187-2405
      View Details

    Similar Nearby for Sale

    • $400,000
      20,711 SF

      Canton Industrial Property - Turnkey Auto Business

      Thriving Auto Repair Shop - Excellent Location
      42601 Joy Rd, Canton, MI 48187
      View Details
    • $57,900
      0.30 Acres

      Canton Township Build-Ready Residential Lot

      Cleared 0.30-acre lot in a desirable Canton Township neighborhood.
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    • $475,000
      6.55 Acres

      Canton Commercial Land - Ford Road

      6.55 Acres, R-1 Zoning, $475,000
      0 6.55 Acres – Frd Rd, Canton, MI 48187
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    • Contact for pricing
      1,056 SF

      Royal Holiday Manufactured Homes

      Affordable Canton Community, near Detroit & Ann Arbor
      39500 W Warren Rd, Canton, MI 48187
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    • $343,200

      Land For Sale Koppernick Park

      4.29 acre site in Koppernick Corporate Park.
      Commerce Blvd Canton, Canton, MI 48187
      View Details
    • $360,000

      Prime Land in Koppernick Park

      4.5-acre site in Canton, utilities available, build to suit.
      Commerce Blvd Canton, 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

      Canton Light Industrial Space Available

      Light industrial space near Canton-Plymouth Mettetal Airport.
      8349 Ronda Dr, Canton, MI 48187
      View Details
    • $6 SF/Yr

      Canton Flex Space For Rent

      Flex space with great I-275 access in Canton, MI.
      8400 Ronda Dr, Canton, MI 48187
      View Details
    • Contact for pricing

      Retail Space in Canton Center

      Retail space for lease in a dominant neighborhood shopping center.
      5804-6034 N Sheldon Rd, Canton, MI 48187
      View Details
    • Contact for pricing

      Medical Office Space Available

      Outpatient medical building with space for lease.
      49650 Cherry Hill Rd, Canton, MI 48187
      View Details
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    Canton, MI 48187-2437
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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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