Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12.9 Acres Wahrman Rd Huron Charter Township, MI 48174

    • Land
    • 12.90 lot acres
    For Sale
    View listing
    $695,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 12.9 Acres Wahrman Rd

    Lot size
    12.90 lot acres
    Property type
    Land

    Description

    This exceptional 12.9-acre commercial land parcel presents a compelling investment opportunity in Romulus, Michigan. Ideally situated in Wayne County, the property boasts approximately 1,000 feet of frontage on Wahrman Road, offering excellent visibility and accessibility. Its strategic location provides unparalleled convenience, being less than one mile from I-275 via Wahrman and Eureka Road, ensuring seamless connectivity to major transportation arteries. Furthermore, its proximity to the Detroit Metropolitan Airport (within one mile) adds significant value for businesses requiring convenient air travel access. The property is zoned M-2 (General Industrial District), allowing for a wide range of industrial uses. The parcel's size and zoning make it suitable for various development projects, from warehousing and distribution centers to light manufacturing facilities. With its impressive size, prime location, and convenient access to major roadways and the airport, this property represents a rare opportunity for investors and developers seeking a strategic foothold in a thriving industrial market. The Assessor's Parcel Number (APN) is 80-131-99-0006-701. The asking price for this exceptional property is $695,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Huron Charter Township
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3837
    Latitude
    42.1728

    Comparable in this City

    • Value Estimation by Request
      27.65 Acres

      Pennsylvania Rd

      Land • 27.65 Acres
      0 Pennsylvania Rd, Romulus, MI 48174
      View Details
    • Value Estimation by Request
      1.11 Acres

      00000 Northline Rd

      Land • 1.11 Acres
      00000 Northline Rd, Romulus, MI 48174
      View Details
    • Value Estimation by Request
      43.20 Acres

      43.2 +/- Acres Telegraph Rd

      Land • 43.20 Acres
      0 43.2 +/- Acres Telegraph Rd, Taylor, MI 48174
      View Details
    • Value Estimation by Request
      4.95 Acres

      4.95 Acres-Wahrman Rd

      Land • 4.95 Acres
      0 4.95 Acres-Wahrman Rd, New Boston, MI 48174
      View Details
    • Value Estimation by Request
      2.20 Acres

      Brandt St

      Land • 2.20 Acres
      0 Brandt St, Romulus, MI 48174
      View Details
    • Value Estimation by Request
      0.66 Acres

      Northline Rd Lot

      Land • 0.66 Acres
      0 Northline Rd Lot, Taylor, MI 48174
      View Details

    Similar Nearby for Sale

    • $175,000
      1.77 Acres

      Romulus Industrial Land - $175K

      1.77-acre commercial lot, Light Industrial zoning.
      29019 Northline Rd, Romulus, MI 48174
      View Details
    • $150,000
      4.95 Acres

      Prime Romulus Industrial Land

      4.95 Acres, Light Industrial Zoning, $150,000
      0 4.95 Acres-Wahrman Rd, New Boston, MI 48174
      View Details
    • $1,500,000
      20.00 Acres

      Romulus Residential Land - 20 Acres

      Prime 20-acre development site, ideal for residential building.
      0 Merriman Rd, Romulus, MI 48174
      View Details
    • $59,500
      1.80 Acres

      Romulus Industrial Land - Huge Potential

      1.8-acre industrial lot, prime development opportunity.
      0 Vacant Grant, Romulus, MI 48174
      View Details
    • $220,000
      2.20 Acres

      Romulus Industrial Land - $220K

      2.2-Acre M-1 Zoned Lot Near I-94
      0 Brandt St, Romulus, MI 48174
      View Details
    • $99,000
      1.00 Acre

      Telegraph Road Commercial Land Parcel

      One-acre commercial lot, ideal for development.
      0 Telegraph Rd, Taylor, MI 48174
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Romulus Retail Land Opportunity

      Prime Wayne County retail land for lease.
      32870 Wick Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Prime Brownstown Township Land

      Half-acre commercial lot, ideal location.
      18880 Telegraph Rd, Brownstown Charter Township, MI 48174
      View Details
    • Contact for pricing

      Land Near Detroit Metro Airport

      Commercial land available for rent near Detroit Metro Airport.
      11670 Vining Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for lease in Romulus, Michigan.
      37451 Ecorse Rd, Romulus, MI 48174
      View Details
    • $7 SF/Yr
      84,213 SF

      Airport Office Building For Lease

      Romulus, MI Executive Suites Available
      7845 Middlebelt Rd, Romulus, MI 48174
      View Details
    • Contact for pricing
      8,400 SF

      Retail Space in Tel-King Plaza

      2,100 SF retail unit available in Brownstown Township.
      20840 Telegraph Rd, Brownstown, MI 48174
      View Details
    Request Owner's contact information
    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.
    12.9 Acres Wahrman Rd
    Huron Charter Township, MI 48174
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!