Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    8741 Main St Whitmore Lake, MI 48189-8294
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8741 Main St Whitmore Lake, MI 48189-8294

    View on Map
    • Industrial properties
    • 7,008 SF
    • 0.98 lot acres
    Off-Market
    Last Sale Dec 17, 2025
    Property ID
    US43-4881118
    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.
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dan Martin LLC A CONSULTING BUSINESS / Department Store
    • Enchanted Events & Party Rental / Party Supply Store / Rental Equipment Company

    Property Details for 8741 Main St

    Year built
    1996
    Lot size
    0.98 lot acres
    Property size
    7,008 SF
    Zone code
    GC-GEN COMMERCI
    Property type
    Industrial properties
    APN
    B -02-08-250-011
    APU
    B0208250011

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $682,000
      Market price range: $323k - $683k
      AI Estimate
      $682,000
      Market price range: $323k - $683k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $455,000
      Current use
      COMMERCIAL (GENERAL)
      $1,005,000
      Change: +120% Conversion: Difficult
      RETAIL STORES
      $805,000
      Change: +77% Conversion: Moderate
      WAREHOUSE, STORAGE
      $595,000
      Change: +31% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitmore Lake
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7623
    Latitude
    42.4112
    CBSA code
    11460
    CBSA name
    ANN ARBOR, 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
    $15,309
    $0.00
    $0.00
    $305,100
    -
    $0.00
    $0.00
    $610,200

    Comparable in this City

    • Value Estimation by Request

      955 En Territorial Rd, Unit 201

      INDUSTRIAL (GENERAL)
      955 En Territorial Rd, Whitmore Lake, MI 48189-9253
      View Details
    • Value Estimation by Request
      8.00 Acres

      1175 En Territorial Rd

      INDUSTRIAL (GENERAL) • 8.00 Acres
      1175 En Territorial Rd, Whitmore Lake, MI 48189-9253
      View Details
    • Value Estimation by Request
      3.02 Acres

      11710 Grn Oak Industrial Dr

      INDUSTRIAL (GENERAL) • 3.02 Acres
      11710 Grn Oak Industrial Dr, Whitmore Lake, MI 48189-9064
      View Details
    • Value Estimation
      $930,000
      11,678 SF

      11710 Grn Oak Industrial Dr

      INDUSTRIAL (GENERAL) • 11,678 SF
      11710 Grn Oak Industrial Dr, Whitmore Lake, MI 48189-9064
      View Details
    • Value Estimation by Request
      5,960 SF

      7879 Mi State Rd 36

      INDUSTRIAL (GENERAL) • 5,960 SF
      7879 Mi State Rd 36, Whitmore Lake, MI 48189-9707
      View Details
    • Value Estimation
      $1,965,000
      41,228 SF

      10769 Plz Dr

      INDUSTRIAL (GENERAL) • 41,228 SF
      10769 Plz Dr, Whitmore Lake, MI 48189-9737
      View Details

    Similar Nearby for Sale

    • $975,000
      10.01 Acres

      Whitmore Lake Industrial Land

      10 Acres, US-23 Access, LI Zoning
      0 Whitmore Lake Rd, Brighton, MI 48189
      View Details
    • $1,795,000

      Hamburg Township Development Opportunity

      Infill development site with flexible zoning and existing infrastructure.
      10776 Hall Rd, Whitmore Lake, MI 48189
      View Details
    • Contact for pricing
      12,000 SF

      New Industrial/Flex Space Available

      Brand new industrial/flex suites with office and mezzanine.
      11850 Green Oak Industrial Dr, Whitmore Lake, MI 48189
      View Details
    • Contact for pricing

      Land at US-23 & M-36

      Located at the intersection of US-23 and M-36.
      US-23 Mile Rd, Green Oak Twp, MI 48189
      View Details
    • $2,950,000

      199 Acres of Farmland

      199 acres of woods, farmland, and streams.
      2420 North Territorial Rd, Whitmore Lake, MI 48189
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Industrial/Office Suites For Lease

      New industrial/office suites with flexible space and excellent regional connectivity.
      11850 Green Oak Industrial Dr, Whitmore Lake, MI 48189
      View Details
    • Contact for pricing

      Warehouse/Distribution Space For Sublease

      8,400 sq. ft. warehouse/distribution space available for sublease.
      10505 Plaza Dr, Whitmore Lake, MI 48189
      View Details
    • $3,000 /Mo
      2,900 SF

      Retail Space Near Whitmore Lake

      Retail space available near Main St. and the water.
      148 Barker Rd, Whitmore Lake, MI 48189
      View Details
    • Contact for pricing

      Renovated Retail Space Overlooking Lake

      Prime retail space with lake views and customizable interiors.
      9519 Main St, Whitmore Lake, MI 48189
      View Details
    • Contact for pricing
      21,300 SF

      Renovated Retail Spaces For Lease

      Retail spaces available between Ann Arbor and Brighton off US-23.
      11900 N Whitmore Lake Rd, Whitmore Lake, MI 48189
      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.
    8741 Main St
    Whitmore Lake, MI 48189-8294
    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.
    Sign Up Successful!
    You now have access to more from Realmo!