Add Listing
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

    8873 Hall Rd Utica, MI 48317-5741

    • Retail space
    • 6,184 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0158994
    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

    • Retail space

    Property Details for 8873 Hall Rd

    Year built
    2004
    Construction
    BRICK
    Lot size
    0.62 lot acres
    Property size
    6,184 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    11-07-34-379-008
    APU
    110734379008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $636,000
      Market price range: $408k - $1.19M
      AI Estimate
      $636,000
      Market price range: $408k - $1.19M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $760,000
      Current use
      RESTAURANT
      $875,000
      Change: +15% Conversion: Easy
      OFFICE BUILDING
      $855,000
      Change: +12% Conversion: Easy
      COMMERCIAL (GENERAL)
      $800,000
      Change: +5% Conversion: Easy
      MEDICAL BUILDING
      $760,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Utica
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0232
    Latitude
    42.6266
    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
    $16,154
    $0.00
    $0.00
    $295,200
    -
    $0.00
    $0.00
    $590,400

    Comparable in this City

    • Value Estimation by Request
      898 SF

      44725 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 898 SF
      44725 Van Dyke Ave, Utica, MI 48317-5483
      View Details
    • Value Estimation
      $720,000
      8,664 SF

      45619 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,664 SF
      45619 Van Dyke Ave, Utica, MI 48317-5368
      View Details
    • Value Estimation by Request
      5,474 SF

      46149 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,474 SF
      46149 Van Dyke Ave, Utica, MI 48317-5377
      View Details
    • Value Estimation by Request
      3,000 SF

      46028 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      46028 Van Dyke Ave, Shelby Township, MI 48317-5374
      View Details
    • Value Estimation by Request
      4,304 SF

      45141 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,304 SF
      45141 Van Dyke Ave, Utica, MI 48317-5579
      View Details
    • Value Estimation
      $970,000
      12,000 SF

      46511 Van Dyke Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      46511 Van Dyke Ave, Shelby Township, MI 48317-4479
      View Details

    Similar Nearby for Sale

    • $75,000
      1,280 SF

      Turnkey Boutique Business Opportunity

      Established clothing boutique in Shelby Twp, ready for new ownership.
      47331 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • Contact for pricing

      Van Dyke Retail/Office Space

      Retail/Office space on Van Dyke, south of 23 Mile Road.
      49550 Van Dyke Ave, Shelby Township, MI 48317
      View Details
    • Contact for pricing
      1,600 SF

      Established Jewelry Business Opportunity

      Operating jewelry business for sale with safes and displays.
      8771 Hall Rd, Utica, MI 48317
      View Details
    • New
      $775,000
      4,043 SF

      Shelby Commercial Opportunity on Mound

      4,403 SF building on 1.59 acres in Shelby, MI.
      50285 Mound Rd, Shelby, MI 48317
      View Details
    • $69,900
      1,600 SF

      Established Jewelry Business Opportunity

      Profitable jewelry business for sale in Utica, Michigan.
      8771 Hall Rd, Utica, MI 48317
      View Details
    • $2,300,000

      M-59 & Mound Road Frontage

      Retail property with frontage on M-59 and Mound Road.
      45100 Mound Rd, Shelby Township, MI 48317
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      6,000 SF

      Shelby Twp Retail Opportunity

      Spacious 6,000 SF retail space in a vibrant location.
      49562 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • Contact for pricing

      Downtown Utica Retail Space Available

      Highly visible retail building in walkable downtown Utica location.
      45101 Cass Ave, Utica, MI 48317
      View Details
    • Contact for pricing

      Retail Space on Van Dyke

      Retail space available in a busy Utica shopping strip.
      47501 Van Dyke Ave, Utica, MI 48317
      View Details
    • Contact for pricing

      Retail Space on Mound Road

      Last available retail unit near national tenants and new complex.
      45537-45581 Mound Rd, Shelby Township, MI 48317
      View Details
    • Contact for pricing

      Retail Space on Van Dyke

      Retail space available with existing plumbing infrastructure and signage.
      46260-46370 Van Dyke Ave, Shelby Twp, MI 48317
      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.
    8873 Hall Rd
    Utica, MI 48317-5741
    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!