Your AI Navigator in Commercial Real Estate
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

    28413 Milford Rd New Hudson, MI 48165

    Sponsored
    For Sale
    $975,000

    8.27 Acres, B-2 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 8.27-acre commercial land parcel presents a unique investment opportunity in New Hudson, Michigan. Boasting 320 feet of frontage on heavily trafficked Milford Road, this property enjoys unparalleled visibility and accessibility. Its strategic location places it directly across from the Coyote Golf Course and adjacent to the Abbey Park Retirement Community, ensuring high foot and vehicle traffic. The property is conveniently situated approximately two miles from the I-96 interchange at Milford Road, providing easy access to major transportation routes. The land is served by municipal water and sanitary sewer, simplifying development. Importantly, the property benefits from a B-2 zoning designation with municipal consent, allowing for a wide range of commercial uses, making it ideal for professional offices, medical facilities, or other businesses seeking a high-profile location. The parcel's APN is 21-09-400-012. Offered at $975,000. Don't miss this chance to acquire a premier commercial site in a thriving community.

    Property Features for 28413 Milford Rd

    General Information

    Property type
    Land
    Lot Size
    360,241 SF

    HighLights

    • $975,000 asking price for 8.27 acres of commercial land.
    • B‑2 zoning with municipal consent.
    • 320 feet of frontage on Milford Road.
    • Municipal water and sewer available.
    • Located near I‑96, Coyote Golf Course, and Abbey Park Retirement Community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Clothing Store Building Supply Gym & Fitness Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hudson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.615075
    Latitude
    42.497922

    Nearby Comparable

    • $975,000

      Milford Road Land Opportunity

      Land available on Milford Road in New Hudson, Michigan.
      28413 Milford Rd, New Hudson, MI 48165
      View Details
    • Contact for pricing
      6,500 SF

      New Industrial Property For Sale

      New construction industrial property with above-market income through 2030.
      Hew, 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 Ln, New Hudson, MI 48165
      View Details
    • $699,990

      Lyon Township Specialty Property

      Specialty property available for sale in Lyon Township, Michigan.
      57035 Bonne Terre, New Hudson, MI 48165
      View Details
    • $1,349,000
      10.05 Acres

      Roseville Warehouse Space Available

      Prime Roseville location, flexible space, high traffic area.
      0 Address Not Disclosed, New Hudson, MI 48165
      View Details
    • $2,350,000
      19,800 SF

      New Hudson Industrial Flex Space

      19,800 SF Flex Space, High Growth Area
      56495 Grand River Ave, New Hudson, MI 48165
      View Details
    • $2,150,000

      Unique Mixed-Use Warehouse For Sale

      Impeccably maintained 20,000 SF warehouse with residential component.
      56495 Grand River Ave, New Hudson, MI 48165
      View Details
    • $2,350,000
      15,200 SF

      Lyons Industrial Property: Huge Potential

      Spacious industrial building with residential features
      56495 Grand Riv, Lyons, MI 48165
      View Details
    • $550,000
      1,972 SF

      Retail Building on Grand River

      Freestanding retail building with frontage on Grand River Avenue.
      56875 Grand River Ave, New Hudson, MI 48165
      View Details
    • $550,000
      1,972 SF

      Grand River Retail Investment Opportunity

      1,972 SF Freestanding Retail Building in New Hudson, MI
      56875 Grand River Ave, New Hudson, MI 48165
      View Details
    • $2,500,000
      7.00 Acres

      Grand River Commercial Land Assemblage

      7 Acres, Multi-Family Zoning, Prime Location
      56200 Grand River Ave, New Hudson, MI 48165
      View Details
    • $149,900

      Lake Angela Townhouse Co-op

      Lakefront living in a gorgeous, updated townhouse co-op!
      26902 Sandy Hill Ct, New Hudson, MI 48165
      View Details

    Nearby Similar for Sale

    • $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 Ln, New Hudson, MI 48165
      View Details
    • $149,900

      Lake Angela Townhouse Co-op

      Lakefront living in a gorgeous, updated townhouse co-op!
      26902 Sandy Hill Ct, 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 Ave, New Hudson, MI 48165
      View Details
    • $2,150,000

      Unique Mixed-Use Warehouse For Sale

      Impeccably maintained 20,000 SF warehouse with residential component.
      56495 Grand River Ave, New Hudson, MI 48165
      View Details
    • $550,000
      1,972 SF

      Retail Building on Grand River

      Freestanding retail building with frontage on Grand River Avenue.
      56875 Grand River Ave, New Hudson, MI 48165
      View Details
    • $1,490,000
      4,690 SF

      Medical/General Office Building For Sale

      Two-tenant medical/general office building with national tenants and long-term tenancy.
      53425-53445 Grand River Ave, 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 48165
      View Details
    • $1,875,000
      11.09 Acres

      Land in New Hudson, MI

      Land for sale in New Hudson, Michigan.
      56000 Pontiac Trail Ct, New Hudson, MI 48165
      View Details
    • $699,990

      Lyon Township Specialty Property

      Specialty property available for sale in Lyon Township, Michigan.
      57035 Bonne Terre, New Hudson, MI 48165
      View Details
    • $2,350,000
      19,800 SF

      New Hudson Industrial Flex Space

      19,800 SF Flex Space, High Growth Area
      56495 Grand River Ave, New Hudson, MI 48165
      View Details
    • $550,000
      1,972 SF

      Grand River Retail Investment Opportunity

      1,972 SF Freestanding Retail Building in New Hudson, MI
      56875 Grand River Ave, New Hudson, MI 48165
      View Details

    FAQs

    What type of property is this?
    Land - 8.27 Acres, B-2 Zoning, High Visibility
    Where is this 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: $975,000 asking price for 8.27 acres of commercial land.; B-2 zoning with municipal consent.; 320 feet of frontage on Milford Road.
    Request Owner's contact information
    28413 Milford Rd New Hudson, MI 48165
    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.
    28413 Milford Rd
    New Hudson, MI 48165
    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.

    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
    28413 Milford Rd New Hudson, MI 48165
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.