Property profile

29318 Lorie Ln Wixom, MI 48393

OFF-MARKET
Manufacturing properties
Property ID
US43-0257865
7,992 SF 0.8 ac lot Built 1994
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1994
Total area 7,992 SF
Lot 0.8 ac (34,848 SF)
Zoning code M-1
APN 96-22-08-227-023
UPID US43-0257865

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply
  • Electrical Service General Contractor

Location

29318 Lorie Ln Wixom, MI 48393-4754
Wixom metro Census 133102 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
$1.01M
Blend (final) Blend
$400k

Owner & transaction history

since 2013
5 recorded transactions
2021
Price N/A
2013
Price N/A
1999
$530,000
1999
Price N/A
1999
$530,000

Zoning & alternative use

M-1 · Wixom, MI
Zoning description

The M-1 light industrial district is designed primarily to accommodate research and development, corporate office and light industrial uses, including wholesale activities, warehouses and industrial operations whose exte…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $1.4M +61.5%
Restaurant $1.4M +58.7%
Retail stores $1.4M +54.8%

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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