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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    30400 Plymouth Rd Livonia, MI 48150-2119

    • Automotive properties
    • 54,179 SF
    • 5.05 lot acres
    OFF-MARKET
    Last Sale
    Jul 19, 2024
    Value Estimations
    $3,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1815621
    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

    • Bill Brown Pre-Owned at Plymouth Rd. and Merriman Rd. / Car Dealership
    • Bill Brown Collision Center / Auto Repair Shop

    Property Details for 30400 Plymouth Rd

    Year built
    1961
    Construction
    CONCRETE BLOCKS
    Lot size
    5.05 lot acres
    Property size
    54,179 SF
    Property type
    Automotive properties
    APN
    46 103 99 0030 000
    APU
    46103990030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,879,000
      Market price range: $1.91M - $6.36M
      AI Estimate
      $3,879,000
      Market price range: $1.91M - $6.36M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,885,000
      Current use
      RESTAURANT
      $5,610,000
      Change: +44% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $5,535,000
      Change: +42% Conversion: Moderate
      MEDICAL BUILDING
      $5,100,000
      Change: +31% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,400,000
      Change: +13% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,310,000
      Change: +11% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3436
    Latitude
    42.3699
    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
    $75,915
    $0.00
    $0.00
    $1,521,800
    -
    $0.00
    $0.00
    $3,043,600

    Comparable in this City

    • Value Estimation
      $4,620,000
      41,470 SF

      32570 Plymouth Rd

      VEHICLE SALES, RENTALS • 41,470 SF
      32570 Plymouth Rd, Livonia, MI 48150-1712
      View Details
    • Value Estimation
      $665,000
      5,643 SF

      31550 Plymouth Rd

      AUTO REPAIR, GARAGE • 5,643 SF
      31550 Plymouth Rd, Livonia, MI 48150-1929
      View Details
    • Value Estimation by Request
      3,813 SF

      31690 Plymouth Rd

      AUTO REPAIR, GARAGE • 3,813 SF
      31690 Plymouth Rd, Livonia, MI 48150-1930
      View Details
    • Value Estimation
      $650,000
      19,376 SF

      35655 Plymouth Rd

      AUTO REPAIR, GARAGE • 19,376 SF
      35655 Plymouth Rd, Livonia, MI 48150-1458
      View Details
    • Value Estimation by Request
      1,397 SF

      32850 Plymouth Rd

      AUTO REPAIR, GARAGE • 1,397 SF
      32850 Plymouth Rd, Livonia, MI 48150-1716
      View Details
    • Value Estimation
      $710,000
      6,065 SF

      12661 Middlebelt Rd

      AUTO REPAIR, GARAGE • 6,065 SF
      12661 Middlebelt Rd, Livonia, MI 48150-2210
      View Details

    Similar Nearby for Sale

    • $950,000
      2,494 SF

      Plymouth Road QSR Opportunity

      Vacant Restaurant, Redevelopment Potential
      28203 Plymouth Rd, Livonia, MI 48150
      View Details
    • $950,000
      Pending

      Livonia Commercial Property For Sale

      Commercial property with banquet hall, bar, restaurant, and commercial kitchen.
      31117 Plymouth Rd, Livonia, MI 48150
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    • $925,000
      4,000 SF

      Livonia Retail Redevelopment Opportunity

      High-traffic C-2 zoned convenience store
      38165 Ann Arbor Rd, Livonia, MI 48150
      View Details
    • $62,000

      Established Restaurant Business Opportunity

      Restaurant business for sale in a prime Livonia location.
      34710 W Plymouth Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      15,936 SF

      Retail Space in Livonia Center

      Retail space available in established Livonia shopping center.
      29643 Plymouth Rd, Livonia, MI 48150
      View Details
    • $750,000
      6,225 SF

      Livonia Retail Building For Sale

      6,225 SF retail building in Livonia with high visibility.
      28663 Plymouth Rd, Livonia, MI 48150
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Livonia Industrial Drive Retail Space

      Retail, parking, and automotive property available for lease.
      30932-30972 Industrial Dr, Livonia, MI 48150
      View Details
    • Contact for pricing
      16,163 SF

      Livonia Retail Strip Center

      High-Visibility Retail Space Available
      37405 Ann Arbor Rd, Livonia, MI 48150
      View Details
    • $20 SF/Yr
      750 SF

      Retail Space in Livonia

      Retail space available in Livonia with ample parking.
      13820-13840 Merriman Rd, Livonia, MI 48150
      View Details
    • $2,000 /Mo

      Livonia Retail Space For Rent

      Versatile commercial space in high-traffic Livonia location, ready for business.
      9001 Wayne Rd, Livonia, MI 48150
      View Details
    • $3,000 /Mo
      1,750 SF

      Remodeled Commercial Space in Livonia

      Completely remodeled commercial space suitable for various businesses in Livonia.
      34782 Plymouth Rd, Livonia, MI 48150
      View Details
    • $20 SF/Yr
      4,000 SF

      Plymouth Shoppes Retail Space

      Livonia, MI retail space for lease.
      29195 Plymouth Rd, Livonia, MI 48150
      View Details
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    30400 Plymouth Rd
    Livonia, MI 48150-2119
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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