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    Property profile & analytics

    16203 31st Mile Rd Ray, MI 48096-1015

    • Industrial properties
    • 924 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimation
    $150,000
    Last Sale
    Apr 16, 2024
    $130,000
    Location Intelligence
    Property ID
    US43-1107015
    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

    • Able firewood / Firewood Supplier
    • ABLE Brush, Wood Chips Recycling Disposal And Dump Site (WOOD CHIPS, BRUSH, LOGS ONLY)🪵🌳🌲 / Recycling Center / Mulch Supplier

    Property Details for 16203 31st Mile Rd

    Year built
    1985
    Lot size
    3.00 lot acres
    Property size
    924 SF
    Zone code
    M-1
    Property type
    Industrial properties
    APN
    21-05-06-451-003
    APU
    210506451003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ray
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9673
    Latitude
    42.7908
    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
    2022
    $5,162
    $0.00
    $0.00
    $167,200
    -
    $0.00
    $0.00
    $334,400

    Comparable in this City

    • Value Estimation by Request
      1,555 SF

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      59700 North Ave

      Land
      59700 North Ave, Ray, MI 48096
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      5.56 Acres

      67406 Brian Dr

      INDUSTRIAL MISCELLANEOUS • 5.56 Acres
      67406 Brian Dr, Ray, MI 48096-4147
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    • Value Estimation
      $430,000
      1,978 SF

      68950 Powell Rd

      INDUSTRIAL (GENERAL) • 1,978 SF
      68950 Powell Rd, Ray, MI 48096-1020
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    • Value Estimation by Request
      20,000 SF

      58500 North Ave

      Refrigerated & Cold Storages • 20,000 SF
      58500 North Ave, Ray, MI 48096
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    • Value Estimation by Request
      2,790 SF

      62949 New Hvn Rd

      INDUSTRIAL (GENERAL) • 2,790 SF
      62949 New Hvn Rd, Ray, MI 48096-3320
      View Details

    Similar Nearby for Sale

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      Ray Township Vacant Land Parcel

      2.85-acre residential land in Ray Township with utilities available.
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    • $1,200,000

      Land For Sale

      Land available for sale in Ray Township, Macomb County.
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      3.2 acre wooded parcel with runway access.
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    16203 31st Mile Rd
    Ray, MI 48096-1015
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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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