17000 King Rd Brownstown Twp, MI 48183-1115
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Estimated value (blended)
$1.82M
Range $1.63M – $2.00M (±10%)
Implied cap rate
7.90%
In-place · NOI ÷ last sale
Property ID
US43-1247007
Property summary
AI-generated overview
This exceptional 11.19-acre commercial land parcel presents a remarkable development opportunity in Brownstown Charter Township, Michigan. Strategically located at the highly visible corner of King Road and Allen Road, this property boasts unparalleled exposure to significant traffic volume. The expansive lot size offers considerable flexibility for a wide range of commercial projects, making it an ideal investment for developers seeking a prime location with high visibility. The address is 17000 King Rd, Brownstown Charter Township, MI 48183, within Wayne County. This property is zoned for commercial use (zoning information should be independently verified). The site's prominent corner location ensures maximum brand exposure and accessibility for potential businesses. Given its size and location, this land parcel is well-suited for a variety of commercial developments, from retail centers and office buildings to industrial facilities or mixed-use projects. Serious inquiries are encouraged to explore the potential of this exceptional development opportunity. The property is being offered for sale as a whole. Further due diligence is recommended to confirm all aspects of the property and its suitability for intended use.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1981
Total area
11,566 SF
Lot
11.19 ac (487,436 SF)
Zoning code
B-2
APN
70 036 99 0001 002
UPID
US43-1247007
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
$2.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
since 2023
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
B-2 · Brownstown Twp, MI
Top alternative use upside
Apartment house (5+ units)
$2.6M
+87.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.82M
Value range
$1.63M – $2.00M
±10% around blend
Estimated value / SF
$157 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$1.63M
blend $1.82M
$2.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,566 SF
Lot area
11.19 ac
Year built
1981
Stories
1
APN
70 036 99 0001 002
Assessed value
$183,500
Annual tax
$11,532
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.12M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.29M
@ 6.5% CAP return
$2.12M
@ 7% CAP return
$1.97M
4
Sales comparison
Partial preview
Sales approach indication
$1.29M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.8 mi away · 9,648 SF
24.6 mi away · 11,050 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 53 sales
$122
+29%
County 610 sales
$110
+43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $157/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+88%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
7.90%
Implied, in-place cap rate for this commercial land
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.90%
9.0%
NOI (est.)
$119k *
Last sale · Nov 2023
$1.70M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.51M
Move the market yield to see immediate price impact.
Value / SF
$130
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.40%7.90%8.40%
$107k
$1.45M
$1.36M
$1.28M
$119k
$1.61M
$1.51M
$1.42M
$131k
$1.77M
$1.66M
$1.56M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$100k
11.5 mi · Nov 2025 · $12/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,532
Tax year 2023
Assessed value
$183,500
Assessed 2024
Previous assessed
$181,400
+1.2% YoY
Effective rate
6.28%
On assessed value
Total market value
$367,000
Applied tax rate
82,365.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Stories
1
Total area
11,566 SF
Lot
11.19 ac (487,436 SF)
Zoning code
B-2
APN
70 036 99 0001 002
UPID
US43-1247007
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Brownstown Twp, MIZoning B-2 · permitted uses
B-2 · Brownstown Twp, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Stories
1
Lot
11.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-2
Jurisdiction
Brownstown Twp, MI
Recorded code
B-2
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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