Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    1336 Wayburn St Grosse Pointe Park, MI 48230

    Sponsored
    For Sale
    Under Contract
    $65,000

    Vacant Land - Grosse Pointe Park, MI

    Lot size:
    0.08 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 19 at 8:06 pm

    Property Features for 1336 Wayburn St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential
    APN
    39-007-13-0013-000
    Lot size
    0.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael DeFauw
    Michael DeFauw

    Sine & Monaghan, Realtors (313) 884-7000

    Listing agent Michael DeFauw (313) 884-7000 License #6501387091

    Listing date Feb 14, 2026

    MLS# 50195354 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Grosse Pointe Park Vacant Land

    This vacant residential lot is located in Grosse Pointe Park. The lot offers an opportunity to construct a single or multi-family property, subject to city approval. Measuring 34 feet by 102 feet, the property is situated in close proximity to mixed-use developments that are currently under construction. The location is near West Park, the Charlevoix dining and shopping districts, and award-winning schools. Residents have access to two waterfront parks with amenities. The property is located in an area described as one of the fastest appreciating neighborhoods in the Pointes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Grosse Pointe Park
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9229
    Latitude
    42.3833

    Nearby Similar for Sale

    • $650,000
      3,490 SF

      Spacious Duplex in Grosse Pointe Park

      Townhouse-style duplex with over 1,700 sq. ft. per unit.
      814 Harcourt Rd, Grosse Pointe Park, MI 48230
      View Details
    • $279,900
      1,140 SF

      Renovated Duplex in Grosse Pointe

      Turnkey duplex with access to waterfront parks near Downtown Detroit.
      1083 Lakepointe St, Grosse Pointe Park, MI 48230
      View Details
    • $299,900

      West Park Duplex Investment Opportunity

      Well-maintained duplex in West Park, ideal for investors or homeowners.
      1417 Beaconsfield Ave, Grosse Pointe Park, MI 48230
      View Details
    • $340,000

      Updated Two-Family Home, Grosse Pointe

      Updated two-family home in desirable Grosse Pointe location.
      1465 Maryland St, Grosse Pointe Park, MI 48230
      View Details
    • $369,900

      Well-Maintained Two-Family Income Property

      Two-family property with newer appliances and a two-car garage.
      1306-1308 Beaconsfield Ave, Grosse Pointe Park, MI 48230
      View Details
    • $195,000
      1,734 SF

      Hamilton Ave Industrial Building

      1,734 SF Industrial Owner/User
      13230 Hamilton Ave, Grosse Pointe Park, MI 48230
      View Details

    FAQs

    What type of property is this?
    Land - Residential vacant land in prime location near amenities.
    Where is this land located?
    The property is located at 1336 Wayburn St Grosse Pointe Park, MI.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Prime location: Steps from West Park, Charlevoix dining and shopping, and award-winning schools.; - Rare vacant lot in Grosse Pointe Park suitable for single or multi-family construction.; - Access to two resident-only waterfront parks with amenities.
    (313) 820-5428
    Request Owner's contact information
    1336 Wayburn St Grosse Pointe Park, MI 48230
    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.
    1336 Wayburn St
    Grosse Pointe Park, MI 48230
    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
    1336 Wayburn St Grosse Pointe Park, MI 48230
    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

    We can help!
    Listing Contact
    Michael DeFauw
    Michael DeFauw
    Real Estate License ID: 6501387091
    (313) 820-5428 (313) 884-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.