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

    28413 Milford Rd New Hudson, MI 48165

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land with municipal water and sewer access.

    Type:Land
    Added:
    Aug 28, 2024
    Days on Market:
    587
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 28413 Milford Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Reece Hughes

    Listing agent Reece Hughes License #6501428750

    Listing office RH Commercial Realty

    Listing date Aug 28, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RH Commercial Realty

    Overview

    Land on Milford Road

    This commercial land offers 320 feet of frontage on Milford Road and is served by municipal water and sanitary sewer. The property has municipal consent for broader permitted B-2 zoning uses. It is located across Milford Road from Coyote Golf Course and adjacent to Abbey Park Retirement Community. The site is approximately 2 miles from I-96 at the Milford Road Interchange. It is ideal for professional and medical purposes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hudson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.614782
    Latitude
    42.49641

    Nearby Similar for Sale

    • $1,029,777
      3,265 SF

      New Hudson Ranch Home

      Spacious ranch home with wooded yard and high-end finishes.
      60657 TOWN SQUARE Street, New Hudson, MI 48165
      View Details
    • $1,056,096
      5,201 SF

      Spacious Colonial Farmhouse in New Hudson

      Spacious home with modern farm sink and view of woods.
      25866 HICKORY CREEK Lane, New Hudson, MI 48165
      View Details
    • $1,500,000
      3,402 SF

      Established Restaurant and Micro Brewery

      Restaurant and micro brewery with equipment on 1.2 acres.
      57221 Grand River Avenue, New Hudson, MI 48165
      View Details
    • $1,500,000
      3,402 SF

      Restaurant Space in Growing Communities

      3400 SF restaurant on 1.2 acres in New Hudson.
      57721 Grand River Ave, New Hudson, MI
      View Details
    • $1,875,000

      Land in New Hudson, MI

      Land for sale in New Hudson, Michigan.
      56000 Pontiac Trail, New Hudson, MI 48165
      View Details
    • $975,000

      Milford Road Land Opportunity

      Land available on Milford Road in New Hudson, Michigan.
      28413 Milford Rd, New Hudson, MI
      View Details
    • $600,000
      1,972 SF

      Freestanding Retail Building on Grand River

      Retail building with frontage on Grand River available for sale.
      56875 Grand River, New Hudson, MI 48165
      View Details
    • $2,500,000

      Land

      56200 Grand River, Lyon Township, MI 48165
      View Details
    • $2,400,000

      Vacant Land For Development

      Vacant land available for development in Lyon Township.
      Grand River & Clessie Court Land, Lyon Township, MI 48165
      View Details
    • $1,000,000

      Commercial Vacant Land For Sale

      Commercial vacant land available for sale.
      60999 Grand River Ave, Lyon Charter Township, MI 48165
      View Details
    • $2,150,000
      19,800 SF

      New Hudson Investment Opportunity

      Investment property with long-term lease potential in growing New Hudson.
      56495 Grand River Ave, Lyon Charter Township, MI 48165
      View Details
    • $600,000

      Land For Sale

      Land available for sale.
      58801 Pontiac Trail, Lyon Charter Township, MI 48165
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with municipal water and sewer access.
    Where is this commercial land located?
    The property is located at 28413 Milford Rd New Hudson, MI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 320’ frontage on Milford Road.; Served by Municipal Water and Sanitary Sewer.; Municipal consent for broader permitted B‑2 zoning uses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Reece Hughes
    Real Estate License ID: 6501428750
    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!