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    15130 33 Mile Rd Armada, MI 48065

    Sponsored
    For Sale
    $199,500

    Five-unit flex space, 4.94 acres

    Property size:
    58,588 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at the southwest corner of 33 Mile Road and Powell Road in Armada, Michigan, presents a compelling investment opportunity. The property encompasses a substantial 4.94 acres of land and features a total of 58,588 square feet of flex space, divided into five individual units. Each unit is priced at $39,900, offering flexibility for various business needs. The property's zoning is designated as Industrial, allowing for a wide range of potential uses. The asking price for the entire property is $199,500, translating to a price per square foot of $3.41. A significant advantage is the land value, calculated at $5.25 per square foot. The property's address is 15130 33 Mile Rd, Romeo, MI 48065, situated in Macomb County. The property includes five separate parcels, identified by the following APN numbers: 27-01-36-226-011

    Property Features for 15130 33 Mile Rd

    General Information

    Property type
    Flex space
    Square Feet
    58,588 SF
    Lot Size
    215,186 SF

    Building Details

    Units
    5
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Auto Repair Shop Storage Facility Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Armada
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9814449
    Latitude
    42.8193176

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    FAQs

    What type of property is this?
    Flex space - Five-unit flex space, 4.94 acres
    Where is this flex space located?
    The property is located at 15130 33 Mile Rd Armada, MI.
    What is the asking price?
    The asking price for this property is $199,500.
    Request Owner's contact information
    15130 33 Mile Rd Armada, MI 48065
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    Armada, MI 48065
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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
    15130 33 Mile Rd Armada, MI 48065
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