Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11028 LOZIER Avenue Warren, MI 48089

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 11028 LOZIER Avenue, Warren, MI
    For Sale
    Contact for pricing

    LAND - Warren, MI

    Lot size:
    0.14 Acres
    Added:
    Aug 7, 2024
    Days on Market:
    631
    Last Refresh:
    Apr 29 at 10:06 pm

    Property Features for 11028 LOZIER Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    1327452029
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    DALBY AND CAMPBELL VAN DYKE SUBDIVISION LOTS 293 & 294 L7. P24. AND HERRICK'S SUBDIVISION LOT 44 L10. P35.
    Tax Annual Amount
    1557

    We can help!

    Listing Contact
    Lance Shamoo

    Listing agent Lance Shamoo License #6501409601

    Listing office Coldwell Banker Metro Real Estate 1362 W Huron St, Commerce, MI

    Listing date Aug 7, 2024

    MLS# 20240058124 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Warren, MI

    This is a 0.14-acre vacant land parcel located in Warren, Michigan. The property is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.014975
    Latitude
    42.466256

    Nearby Similar for Sale

    • $329,500
      2,400 SF

      Versatile Commercial Building in Warren

      Turnkey opportunity for medical, wellness, or professional businesses.
      31500 Schoenherr, Warren, MI 48088
      View Details
    • $350,000
      616 SF

      Turnkey Restaurant Business and Real Estate

      Fully operational diner/take-out restaurant for sale in Warren, MI.
      14693 E 8 Mile Road, Warren, MI 48089
      View Details
    • $320,000
      66,228 SF

      Warren Commercial Land For Sale

      1.5-acre commercial land parcel in Warren, Michigan.
      20800 Groesbeck Highway, Warren, MI 48089
      View Details
    • $320,000

      Warren Commercial Land Opportunity

      1.5-acre commercial land parcel in Warren, Michigan.
      20800 Groesbeck Highway, Warren, MI 48089
      View Details
    • $500,000
      6,207 SF

      Turn-Key Banquet Hall For Sale

      Banquet hall for sale, ideal for events and hospitality.
      7231 Chicago Road, Warren, MI 48092
      View Details
    • $475,000
      4,384 SF

      Established Auto Repair Business

      Successful auto repair business with real estate and residential unit.
      14447 E 9 Mile, Warren, MI 48089
      View Details
    • $40,000
      5,520 SF

      Established Jewelry Business Opportunity

      Turnkey jewelry business with showroom, fixtures, and loyal customer base.
      32879 SCHOENHERR Road, Warren, MI 48088
      View Details
    • $1,150,000
      23,776 SF

      Warren Retail/Industrial Buildings on Highway

      Two buildings totaling 23,776 SF on 1.92 AC.
      24155 Groesbeck Highway, Warren, MI 48089
      View Details
    • $429,000
      5,037 SF

      Versatile Commercial Property on 1.86 Acres

      Commercial property ideal for various uses with expansion potential.
      22021 MEMPHIS, Warren, MI 48091
      View Details
    • $155,000
      1,078 SF

      Warren Duplex: Investment Opportunity

      Well-maintained Warren duplex generating $1,750 monthly rental income.
      7559 Studebaker Avenue, Warren, MI 48091
      View Details
    • $225,000
      1,418 SF

      Well-Maintained Multifamily Income Property

      Two-unit property with long-term tenants and recent updates.
      21857 Le Fever Avenue, Warren, MI 48091
      View Details
    • $429,000
      5,000 SF

      Versatile Commercial Property on 1.86 Acres

      Commercial property ideal for various uses with expansion potential.
      22021 MEMPHIS Ave, Warren, MI 48091
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant residential land available in Warren, Michigan.
    Where is this residential land & home lot located?
    The property is located at 11028 LOZIER Avenue Warren, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant land ready for your vision; Features 0.14 acres; Location coordinates: [-83.01498, 42.466255]
    (248) 242-7282
    We can help!
    Listing Contact
    Lance Shamoo
    Real Estate License ID: 6501409601
    Learn More
    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.
    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!