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Property profile & analytics
OFF-MARKET
Land

63920 Mound Rd Washington, MI 48095

8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8-acre industrial land parcel, identified by APN numbers 04-16-301-001 and 04-16-301-002, presents a remarkable opportunity for developers. Located at 63920 Mound Road, Washington, Michigan, 48095, this property is zoned R-1B and offers significant potential. The asking price is $495,000, translating to a land value of $348,480 per square foot. Situated in the desirable Romeo Community School District, this site boasts convenient access to city water and natural gas utilities, making it ideal for various development projects. Preliminary assessments suggest the potential for the creation of approximately eight individual homesites, each measuring approximately 80 feet by 250 feet. This prime location, coupled with its readily available infrastructure and zoning, makes this an attractive investment for builders seeking a high-value development opportunity in Macomb County. The property's coordinates are 42.763733610099905 latitude and -83.05753199221812 longitude. Serious inquiries are encouraged.

Property profile
Verified
Property type Land
Lot 8 ac (348,480 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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