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    Property profile & analytics

    Frst Ave New Haven, MI 48050

    • Land
    • 10.00 lot acres
    For Sale
    View listing
    $249,900
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Frst Ave

    Lot size
    10.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 10-acre parcel of land, located at 00 S Forest Ave, Richmond, MI 48050 (Macomb County), presents a unique opportunity for industrial development. Zoned for light industrial use, this property offers significant potential for a variety of projects. The asking price is $249,900. Existing improvements include a culvert and a driveway, simplifying the initial stages of development. A portion of the land has been cleared, providing a level area ready for construction, while the remainder features mature trees, offering potential for landscaping or preservation. The seller is open to considering all reasonable offers. This property is conveniently located in Richmond, Michigan, providing easy access to major transportation routes and infrastructure. The property's size and zoning make it ideal for a range of industrial uses, from warehousing and distribution to light manufacturing. Don't miss this chance to acquire a valuable piece of industrial real estate in a thriving Michigan community. Serious inquiries only.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7537
    Latitude
    42.7951

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    Frst Ave
    New Haven, MI 48050
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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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