Property profile

28877 Schoenherr Rd Warren, MI 48088

OFF-MARKET
Commercial land
Property ID
US43-1956010
2,277 SF 1.9 ac lot
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a fully developed commercial site prepared for construction, located at the intersection of 12 Mile Road and Schoenherr Road. It has visibility from the intersection and provides cross access to 12 Mile Road and direct access to Schoenherr Road. The site is situated along a corridor with daytime and evening population density. The configuration supports potential use for a drive-through business.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Total area 2,277 SF
Lot 1.9 ac (82,895 SF)
Zoning code MZ
APN 12-13-14-226-025
UPID US43-1956010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Grocery & Convenience Store Specialty Food Shop

Location

28877 Schoenherr Rd Warren, MI 48088-6338
Warren metro Census 261700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2010
4 recorded transactions
2021
Price N/A
2010
$535,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MZ · Warren, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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