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    71255 Mckay Rd Romeo, MI 48065

    • Land
    • 6.40 lot acres
    For Sale
    View listing
    $600,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 71255 Mckay Rd

    Lot size
    6.40 lot acres
    Property type
    Land

    Description

    This exceptional 6.4-acre parcel, located at 71255 McKay Road, Romeo, MI 48065 (APN 14-01-26-400-012), presents a unique opportunity. Currently zoned residential, this property offers approximately 3.5 net buildable acres due to the presence of two retention ponds. The asking price is $600,000, translating to a land value of $2.15 per square foot. Situated on the west side of McKay Road, just off 33 Mile Road, this location boasts convenient access to M-53, less than 0.15 miles away. City water and sewer are readily available on-site. The property's proximity to various residential and industrial developments, coupled with Bruce Township's openness to exploring commercial and other uses, makes it highly versatile. This single-ownership land parcel offers significant potential for a variety of development projects. The strategic location and ample acreage make this a compelling investment opportunity in a thriving area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Romeo
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0006
    Latitude
    42.8198

    Comparable in this City

    • Value Estimation by Request
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      40.00 Acres

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      80.34 Acres

      30 4 Mile Rd

      Land • 80.34 Acres
      0 30 4 Mile Rd, Bruce TW, MI 48065
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      7.50 Acres

      15523 32 Mile Rd

      Land • 7.50 Acres
      15523 32 Mile Rd, Romeo, MI 48065
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    • Value Estimation by Request
      1.29 Acres

      M-53

      Land • 1.29 Acres
      0 M-53, Romeo, MI 48065
      View Details

    Similar Nearby for Sale

    • $600,000
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      Romeo Residential Land - 6.4 Acres

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    • $1,449,900
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      73636 Mckay Rd, Romeo, MI 48065
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    Similar Nearby for Lease

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      Retail and office spaces for lease near downtown Romeo.
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    71255 Mckay Rd
    Romeo, 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
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