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1415 Wordsworth St Ferndale, MI 48220

Retail space Google Maps
6,279 SF 0.38 ac lot Built 1941
Entity Owned 11-yr Hold Free & Clear
Estimated value (blended)
$320k
Range $288k – $352k (±10%)
Property ID US43-1122199

Property summary

AI-generated overview

This exceptional 6,279 square foot executive office building, located at 1415 Wordsworth Street in Ferndale, Michigan, presents a unique opportunity for a single tenant. The property boasts a two-story design situated on a half-acre lot, offering ample space and privacy. The entire building is currently vacant, providing immediate occupancy for a discerning business. The building's total square footage is 6,279 square feet, all available for lease. The property is classified as an executive office space, suggesting a high-quality build and finish. Its location in Ferndale, Michigan, zip code 48220, offers convenient access to local amenities and transportation networks. The property's single-tenant occupancy ensures exclusive use and control of the entire building. This presents a rare chance to secure a substantial and well-appointed office space in a desirable location. The building's size and layout are ideal for a company seeking a prominent and functional headquarters. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The property is for lease and ready for immediate occupancy. The address is 1415 Wordsworth Street, Ferndale, MI 48220.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1941
Total area 6,279 SF
Lot 0.38 ac (16,553 SF)
Zoning code II
APN 24-25-35-326-012
UPID US43-1122199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$644k
Blend (final) Blend
$320k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

II · Ferndale, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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