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    5845 John R Rd Troy, MI 48085

    Sponsored
    For Sale
    $2,977,000

    9.16 Acres, R-1C Zoned, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 9.16-acre parcel presents a prime residential development opportunity in Troy, Michigan. Located in the affluent Oakland County, this R-1C zoned land boasts 280 feet of frontage on John R Road and a depth of 1,268 feet. The property's zoning, R-1C, designates it for low-density, single-family detached dwellings, allowing for a variety of house sizes and designs. The site benefits from readily available utilities, including water, sewer, gas, electricity, phone, and cable. Situated in a highly desirable area, the property enjoys excellent demographics, with an average household income within a one-mile radius exceeding $163,400. The property's location and zoning regulations make it ideal for developers seeking to create an exclusive residential community. The asking price is $2,977,000, translating to approximately $325,000 per acre. The parcel's APN is 20.11.226.037. This is a rare opportunity to acquire a substantial land holding in a prime Troy location, perfectly suited for high-value residential development. The property's size and location offer significant potential for a lucrative development project.

    Property Features for 5845 John R Rd

    General Information

    Property type
    Land
    Lot Size
    399,010 SF

    HighLights

    • Prime 9.16‑acre development site in Troy, MI.
    • R‑1C zoning allows for low‑density single‑family residential development.
    • 280 feet of frontage on John R Road, with a 1,268‑foot depth.
    • All utilities (water, sewer, gas, electric, phone, cable) available on‑site.
    • Excellent demographics; average household income within one mile exceeds $163,400.
    • APN: 20.11.226.037.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.112609
    Latitude
    42.605021

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    FAQs

    What type of property is this?
    Land - 9.16 Acres, R-1C Zoned, Prime Location
    Where is this land located?
    The property is located at 5845 John R Rd Troy, MI.
    What is the asking price?
    The asking price for this property is $2,977,000.
    What are key features of this property?
    This property features: Prime 9.16-acre development site in Troy, MI.; R-1C zoning allows for low-density single-family residential development.; 280 feet of frontage on John R Road, with a 1,268-foot depth.
    (248) 281-9904
    Request Owner's contact information
    5845 John R Rd Troy, MI 48085
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    Troy, MI 48085
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    Realmo Value Estimation

    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.

    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
    5845 John R Rd Troy, MI 48085
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