Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12951 Newburgh Rd Livonia, MI 48150-1003

    • Commercial land
    • 1.43 lot acres
    OFF-MARKET
    Last Sale
    Nov 15, 2024
    $2,790,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0876594
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 12951 Newburgh Rd

    Lot size
    1.43 lot acres
    Property type
    Commercial land
    APN
    46 117 99 0001 004
    APU
    46117990001004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4141
    Latitude
    42.377
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,196
    $0.00
    $0.00
    $123,800
    -
    $0.00
    $0.00
    $247,600

    Comparable in this City

    • Value Estimation by Request
      0.66 Acres

      12777 Fairlane St

      VACANT COMMERCIAL LAND • 0.66 Acres
      12777 Fairlane St, Livonia, MI 48150-1329
      View Details
    • Value Estimation by Request
      0.27 Acres

      27760 Joy Rd

      VACANT COMMERCIAL LAND • 800 SF
      27760 Joy Rd, Livonia, MI 48150-4129
      View Details
    • Value Estimation by Request
      0.43 Acres

      11905 Merriman Rd

      VACANT COMMERCIAL LAND • 1,246 SF
      11905 Merriman Rd, Livonia, MI 48150-1924
      View Details
    • Value Estimation by Request
      0.28 Acres

      37608 Ann Arbor Rd

      VACANT COMMERCIAL LAND • 0.28 Acres
      37608 Ann Arbor Rd, Livonia, MI 48150-4508
      View Details
    • Value Estimation by Request
      0.95 Acres

      38090 Ann Arbor Trl

      VACANT COMMERCIAL LAND • 0.95 Acres
      38090 Ann Arbor Trl, Livonia, MI 48150-2453
      View Details
    • Value Estimation by Request
      1.32 Acres

      12430 Eckles Rd

      VACANT COMMERCIAL LAND • 1.32 Acres
      12430 Eckles Rd, Livonia, MI 48150-1037
      View Details

    Similar Nearby for Sale

    • $219,000

      Livonia Commercial Land - $219K

      Prime C-2 zoned lot, ideal for development.
      28800 Joy Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      2.00 Acres

      Novi Industrial Land - 2 Parcels

      Prime Novi location, retail zoning, high traffic.
      10 Mile And Novi Rd, Livonia, MI 48150
      View Details
    • $99,000
      1,980 SF

      1,980 SF Retail Building

      INVESTMENT OPPORTUNITY – HIGH-VISIBILITY RETAIL SPACE!
      31507 Plymouth Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      24,110 SF

      Livonia Retail Opportunity

      24,110 SF retail building on 2.26 acres in Livonia.
      35555 Plymouth Rd, Livonia, MI 48150
      View Details
    • $50,000

      Established Ice Cream Shop Opportunity

      Turnkey ice cream shop with established customer base for sale.
      27726 Plymouth Rd, Livonia, MI 48150
      View Details
    • $399,000

      Profitable Livonia Hibachi Restaurant

      Established Hibachi & Sushi, Liquor License Included
      32030 Plymouth Rd, Livonia, MI 48150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Prime Redford Retail Outparcel

      1.85-acre C2 zoned retail land
      12100 Inkster Rd, Livonia, MI 48150
      View Details
    • $1.00 SF/Yr

      I-96 Industrial Land Lease

      2.86-acre industrial land, prime I-96 location.
      13301 Inkster Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      3,801 SF

      Middlebelt Square Medical Office Space

      Newly renovated medical office, ideal location.
      10982 Middlebelt Rd, Livonia, MI 48150
      View Details
    • $9 SF/Yr
      7,474 SF

      Livonia Warehouse Space For Lease

      7,474 SF Warehouse, 3,828 SF Available
      39201 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • $13 SF/Yr
      29,037 SF

      Livonia Office & Warehouse Space

      Modern Livonia facility, flexible suites available.
      36917 Schoolcraft St, Livonia, MI 48150
      View Details
    • $9 SF/Yr
      13,831 SF

      Livonia Warehouse and Office Space

      Warehouse and office space available for lease in Livonia.
      37100 Plymouth Rd, Livonia, MI 48150
      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.
    12951 Newburgh Rd
    Livonia, MI 48150-1003
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.