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    Pne Dr Romulus, MI 48174

    Sponsored
    For Sale
    $110,000

    One-acre lot, prime industrial location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional one-acre industrial land parcel is situated in the thriving Oakwood Industrial Park in Romulus, Michigan. Priced at $110,000, this property presents a compelling investment opportunity due to its strategic location and permitted INDUSTRIAL zoning. The lot, identified by APN 82-80-125-01-0035-000, offers immediate access to major transportation arteries, providing seamless connectivity to regional and national markets. Its proximity to I-275 ensures efficient logistics, while the convenient access to the Eureka Road exit leading to the Detroit Metropolitan Airport further enhances its appeal for businesses requiring swift air travel connections. This property is ideal for a variety of industrial uses, making it a highly attractive prospect for developers and businesses seeking a strategic foothold in a dynamic industrial hub. The land is located on Pine Drive, Romulus, MI 48174, within Wayne County. The property's location within the established Oakwood Industrial Park offers the benefits of a well-maintained and secure environment. This is a rare opportunity to acquire a strategically located industrial land parcel in a high-demand area. Don't miss out on this chance to secure your future in this thriving industrial corridor.

    Property Features for 0 Pne Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3903904
    Latitude
    42.187007

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    FAQs

    What type of property is this?
    Land - One-acre lot, prime industrial location.
    Where is this land located?
    The property is located at Pne Dr Romulus, MI.
    What is the asking price?
    The asking price for this property is $110,000.
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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
    Pne Dr Romulus, MI 48174
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