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
    The Largest CRE Database in the US with Over 1 Million Listings

    Rdg Rd Plymouth Charter Township, MI 48170

    Sponsored
    For Sale
    Contact for pricing

    Prime commercial land, ideal for build-to-suit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    418
    This exceptional commercial land parcel, located in Plymouth Charter Township, Michigan (48170), presents a unique opportunity for development. The property, identified by APN numbers 78-001-99-0001-000 and 78-006-990-001-701, offers a flexible lot size ranging from 3.05 to 11.01 acres. Its strategic location within the rapidly expanding 5-mile corridor places it in close proximity to significant research and development firms and new residential communities. A key advantage is its adjacency to the future site of a Meijer store, promising high visibility and accessibility. The property is zoned for commercial and light industrial uses, as permitted under the current ordinance, providing versatility for various development plans. Utilities are readily available on-site, simplifying the construction process. This sale presents a compelling investment opportunity, with the potential for sale, lease, or build-to-suit arrangements. The property's prime location and flexible zoning make it an attractive option for businesses seeking a strategic foothold in a thriving market. Interested parties should inquire for pricing and further details.

    Property Features for 0 Rdg Rd

    General Information

    Property type
    Land
    Lot Size
    132,858 SF

    We can help!

    Listing Contact
    Steve Gordon
    Steve Gordon

    Learn more

    HighLights

    • Sale, lease, or build‑to‑suit opportunity.
    • 3.05 to 11.01 acres available.
    • Excellent location in a rapidly growing area within a 5‑mile corridor.
    • Surrounded by major R&D firms and new residential developments.
    • Adjacent to a future Meijer store.
    • Zoned for commercial and light industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Plymouth Charter Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.5297837
    Latitude
    42.3924303

    Nearby Comparable

    • Contact for pricing
      70,000 SF

      Plymouth Township Flex Space For Sale

      70,000 SF Flex Space, 7.96 Acres
      15281 Rdg Rd, Plymouth Charter Township, MI 48170
      View Details
    • $7,368,395
      86,687 SF

      Plymouth Charter Township Flex Space

      Class A flex space, 86,687 SF, $85/SF.
      47912 Halyard Dr, Plymouth Charter Township, MI 48170
      View Details
    • $285,000
      1,490 SF

      Northville Ridge First-Floor Ranch Condo

      Move-in-ready condo with wooded views and community amenities.
      15970 Morningside, Northville, MI 48168
      View Details
    • $285,000

      Northville Ridge First-Floor Ranch Condo

      Move-in-ready condo with wooded views and community amenities.
      15970 Morningside, Northville, MI 48168
      View Details
    • Contact for pricing
      43,000 SF

      Plymouth Warehouse/R&D Space Available

      20,725 SF warehouse/R&D space with unique testing capabilities.
      47785 W Anchor Ct, Plymouth, MI 48170
      View Details
    • Contact for pricing
      18,000 SF

      Industrial Property on Centennial Drive

      Industrial property available for sale on Centennial Drive.
      15489 Centennial Dr, Northville, MI 48168
      View Details
    • $329,000

      Plymouth Condo with Updated Features

      Condo with updated kitchen, fireplace, and private outdoor space.
      50454 Beechwood Ct, Plymouth, MI 48170
      View Details
    • $850,000
      1.46 Acres

      Northville Residential Land Development

      Prime 3.24-acre corner lot, R-2 zoning.
      0 6 Mile Rd, Northville, MI 48168
      View Details
    • $50,000
      1,650 SF

      Established Dry Cleaners for Sale

      Profitable Plymouth Business, Turnkey Operation
      0 Dry Cleaners Full Plant At Bargain Price, Plymouth Charter Township, MI 48170
      View Details
    • $326,900

      Corner Lot Condominium with Updates

      Immaculate condominium with modern updates, comfortable living, and community pool.
      49451 Plymouth Way, Plymouth, MI 48170
      View Details
    • $326,900

      Corner Lot Condominium with Updates

      Updated corner lot condominium with modern features and community pool.
      49451 Plymouth Way, Plymouth, MI 48170
      View Details
    • $299,900

      Plymouth Condo with Radiant Heat

      Meticulously maintained condo with radiant heat, community pool access.
      49667 Draper Cir, Plymouth, MI 48170
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      70,000 SF

      Plymouth Township Flex Space For Sale

      70,000 SF Flex Space, 7.96 Acres
      15281 Rdg Rd, Plymouth Charter Township, MI 48170
      View Details
    • $7,368,395
      86,687 SF

      Plymouth Charter Township Flex Space

      Class A flex space, 86,687 SF, $85/SF.
      47912 Halyard Dr, Plymouth Charter Township, MI 48170
      View Details
    • $50,000
      1,650 SF

      Established Dry Cleaners for Sale

      Profitable Plymouth Business, Turnkey Operation
      0 Dry Cleaners Full Plant At Bargain Price, Plymouth Charter Township, MI 48170
      View Details

    FAQs

    What type of property is this?
    Land - Prime commercial land, ideal for build-to-suit.
    Where is this land located?
    The property is located at Rdg Rd Plymouth Charter Township, MI.
    What are key features of this property?
    This property features: Sale, lease, or build-to-suit opportunity.; 3.05 to 11.01 acres available.; Excellent location in a rapidly growing area within a 5-mile corridor.
    Request Owner's contact information
    Rdg Rd Plymouth Charter Township, MI 48170
    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.
    Rdg Rd
    Plymouth Charter Township, MI 48170
    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
    Rdg Rd Plymouth Charter Township, MI 48170
    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

    We can help!
    Listing Contact
    Steve Gordon
    Steve Gordon
    Real Estate License ID: 6502134760
    Learn more
    Google sign-in failed. Please try again or use another login method.