Property profile

24755 Gibraltar Rd Flat Rock, MI 48134

OFF-MARKET
Commercial land
Property ID
US43-5273420
5.58 ac lot Built 1948
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 5.57-acre commercial land parcel in Flat Rock, Michigan (APN 58-134-99-0006-000), is strategically located at 24755 Gibraltar Rd, 48134, offering exceptional visibility and access. Boasting over 12,000 vehicles per day and proximity to I-75 (over 73,537 vehicles per day), this site benefits from high traffic counts. The property is adjacent to a 36,820+ square foot multi-tenant retail center anchored by national brands like Anytime Fitness and Hungry Howie's. The surrounding area features a strong demographic profile, with average household incomes exceeding $92,700 within one mile, $94,500 within three miles, and $92,100 within five miles. A population exceeding 83,275 resides within a five-mile radius. National retailers such as Dollar General, Rite Aid, Dairy Queen, Burger King, Kroger, Tim Horton's, Meijer, McDonald's, and Wendy's are also nearby. The property's location is approximately 25 miles southwest of downtown Detroit and near the 2.9 million square foot Ford Flat Rock Assembly Plant. This prime location presents a significant opportunity for commercial development. The asking price is $399,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1948
Lot 5.58 ac (243,065 SF)
APN 58 134 99 0006 000
UPID US43-5273420

Cap rate & NOI

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

Location

24755 Gibraltar Rd Flat Rock, MI 48134-2702
Flat Rock metro Census 599100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$290,000
4 recorded transactions
2025
$180,000
2023
Price N/A
2022
Price N/A
2004
$290,000

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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