Add Listing
    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

    18809 Sumner Redford, MI 48240

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Redford, MI

    Lot size:
    0.18 Acres
    Added:
    Feb 27, 2025
    Days on Market:
    421
    Last Refresh:
    Apr 24 at 10:06 pm

    Property Features for 18809 Sumner

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    79-011-03-0206-300
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    *08C 206 207A* LOT 206 ALSO N 22 FT OF LOT 207--- HITCHMANS EDEN PARK SUB T1S R10E L 52 P 34 WCR-K-66.46
    Tax Annual Amount
    457

    We can help!

    Listing Contact
    Jeffrey Glover

    Listing agent Jeffrey Glover

    Listing office Keller Williams Professionals 789 W Ann Arbor Tr, Plymouth, MI

    Listing date Feb 27, 2025

    MLS# 25007098 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redford Buildable Lot Opportunity

    This 0.18-acre buildable lot is located in a well-established neighborhood within the Redford Union School District. Situated near Beech Daly and 7 Mile, the property is positioned to build a home. The location provides convenient access to the Grand River and Telegraph business corridors, offering proximity to shopping, dining, and major roadways in Redford, MI.
    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 Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Redford
    County
    Wayne
    State
    Michigan
    Longitude
    -83.293664
    Latitude
    42.426991

    Nearby Similar for Sale

    • $850,000
      4,920 SF

      Redford Automotive Business and Real Estate

      Turnkey automotive business and real estate opportunity in Redford.
      12317 Woodbine Street, Redford, MI 48239
      View Details
    • $650,000
      10,450 SF

      Redford M-1 Industrial Building

      High-visibility industrial building on W. Seven Mile Rd.
      26835 Seven Mile W, Redford, MI 48240
      View Details
    • $300,000
      2,800 SF

      Established Business and Real Estate

      Well-established business and real estate for sale in Redford.
      26114 W 6 Mile Road, Redford, MI 48240
      View Details
    • $450,000
      1,599 SF

      Redford Restaurant Business and Property

      Well-established restaurant with real estate for sale in Redford, MI.
      27281 Grand River Avenue, Redford, MI 48240
      View Details
    • $225,000
      1,750 SF

      Redford Commercial Gem on Corner

      1,750 SF building on 0.24 acres at W 7 Mile.
      26346 W 7 Mile Road, Redford, MI 48240
      View Details
    • $699,000
      2,100 SF

      Turn-Key Liquor Store Opportunity

      Liquor store on a busy street with unreal potential.
      15300 TELEGRAPH Road, Redford, MI 48239
      View Details
    • $1,200,000
      11,026 SF

      Redford Commercial Building For Sale

      Freestanding 8-unit commercial building in Redford, MI. Leased.
      26193 W 6 Mile Rd Road, Redford, MI 48240
      View Details
    • $755,000

      Former Restaurant in Old Redford

      Redford location ideal for retail or medical use.
      21640 Grand River Avenue, Redford, MI 48219
      View Details
    • $1,512,500

      Freestanding Family Dollar Store

      Single tenant Family Dollar in a dense Detroit community.
      18845 Beech Daly Rd, Redford, MI 48240
      View Details
    • $409,000
      4,830 SF

      Industrial Building on High-Traffic Road

      4,830 SF light industrial/warehouse building with high visibility.
      25916 W Seven Mile, Redford, MI 48240
      View Details
    • $239,900
      1,900 SF

      Detroit Commercial Building For Sale

      Multi-use commercial building in thriving area, suitable for various businesses.
      22300 W WARREN Avenue, Detroit City, MI 48239
      View Details
    • $850,000

      Automotive Business Investment Opportunity

      Four businesses in one location, turnkey with existing operations.
      12317 Woodbine St, RedfordCharterTownship_Wayne, MI 48239
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.18-acre buildable lot in Redford, near Beech Daly.
    Where is this residential land & home lot located?
    The property is located at 18809 Sumner Redford, 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: Buildable 0.18‑acre lot ready for a custom home.; Located in the Redford Union School District.; Situated in a well‑established, tight‑knit neighborhood.
    (734) 259-1100
    We can help!
    Listing Contact
    Jeffrey Glover
    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!