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    Property profile & analytics

    27428 Schoolcraft Rd Livonia, MI 48150-2202

    • Grocery and convenience stores
    • 4,980 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 05, 2025
    $4,750,000
    Location Intelligence
    Property ID
    US43-5289593
    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

    • bp / Restaurant / Gas Station
    • BP / Gas Station / Coffee Shop

    Property Details for 27428 Schoolcraft Rd

    Year built
    2003
    Lot size
    1.00 lot acres
    Property size
    4,980 SF
    Property type
    Grocery and convenience stores
    APN
    46 096 02 0425 011
    APU
    46096020425011

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3149
    Latitude
    42.385
    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
    $42,959
    $0.00
    $0.00
    $1,086,500
    -
    $0.00
    $0.00
    $2,173,000

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      31301 Plymouth Rd

      CONVENIENCE STORE • 1,980 SF
      31301 Plymouth Rd, Livonia, MI 48150-2105
      View Details
    • Value Estimation by Request
      2,400 SF

      38340 Joy Rd

      CONVENIENCE STORE • 2,400 SF
      38340 Joy Rd, Livonia, MI 48150-3436
      View Details
    • Value Estimation by Request
      2,160 SF

      27600 Plymouth Rd

      CONVENIENCE STORE • 2,160 SF
      27600 Plymouth Rd, Livonia, MI 48150-2321
      View Details
    • Value Estimation by Request
      4,018 SF

      28292 Joy Rd

      CONVENIENCE STORE • 4,018 SF
      28292 Joy Rd, Livonia, MI 48150-4134
      View Details
    • Value Estimation by Request
      4,495 SF

      28287 Plymouth Rd

      CONVENIENCE STORE • 4,495 SF
      28287 Plymouth Rd, Livonia, MI 48150-5300
      View Details
    • Value Estimation by Request
      13,968 SF

      8850 Newburgh Rd

      DRUG STORE, PHARMACY • 13,968 SF
      8850 Newburgh Rd, Livonia, MI 48150-3425
      View Details

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    Property Visit Statistics

    • Visits by month
      38.8k
    • Visitors by month
      21.7k
    • Avg Time on site
      10 min
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    27428 Schoolcraft Rd
    Livonia, MI 48150-2202
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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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