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    30759 Ford Rd Garden City, MI 48135
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    30759 Ford Rd Garden City, MI 48135

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    • Commercial land
    • 0.57 lot acres
    For Sale
    $995,000
    View Listing →
    Ford Road Mixed-Use Development Site For Sale
    $995,000
    9,999 SF

    Ford Road Mixed-Use Development Site

    1.15 acre lot with mixed-use zoning on Ford Road.

    30759 Ford Road, Garden City, MI 48135
    View Listing
    Property ID
    US43-1753542
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Knights of Columbus / Volunteer Organization / Community Center

    Property Details for 30759 Ford Rd

    Year built
    1949
    Lot size
    0.57 lot acres
    Property type
    Commercial land
    APN
    35 017 01 0379 000
    APU
    35017010379000

    Description

    This exceptional 1.15-acre commercial land parcel, located at 30759 Ford Road in Garden City, Michigan, presents a unique investment opportunity. Boasting 247 feet of frontage on Ford Road, this property offers unparalleled visibility and accessibility. The site encompasses a total of 9,999 square feet and is zoned for mixed-use development, allowing for a diverse range of possibilities. Approved uses include retail, residential, and commercial ventures, providing flexibility for a variety of development plans. The prime location ensures high traffic volume and excellent exposure, making it an ideal site for businesses seeking a prominent presence in a thriving area. The property includes two parcels: LOT 389 of Folkers Garden City Acre Sub No 2 (T2S R9E L48 P3 WCR) and an additional 64.65 feet of LOT 506 of Folkers Garden City Acres Sub No 3 (T2S R9E L48 P4 WCR). This versatile land offers significant potential for substantial return on investment. The asking price is $1,050,000. The property's legal description is 14C389 14D506B. This is a rare opportunity to acquire a strategically located commercial property in a high-demand area of Wayne County, Michigan, with a zip code of 48135.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3451
    Latitude
    42.325
    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
    2019
    $4,265
    $0.00
    $0.00
    $70,000
    -
    $0.00
    $0.00
    $140,000

    Comparable in this City

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      Frd Ford

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      Frd Ford, Garden City, MI 48135
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      0.13 Acres

      32535 Frd Rd

      VACANT COMMERCIAL LAND • 0.13 Acres
      32535 Frd Rd, Garden City, MI 48135-1533
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      0.22 Acres

      31406 Frd Rd

      VACANT COMMERCIAL LAND • 0.22 Acres
      31406 Frd Rd, Garden City, MI 48135-1820
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      0.18 Acres

      5642 Harrison St

      VACANT COMMERCIAL LAND • 0.18 Acres
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    • Value Estimation by Request
      0.04 Acres

      1035 Inkster Rd

      VACANT COMMERCIAL LAND • 0.04 Acres
      1035 Inkster Rd, Garden City, MI 48135-3168
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,999 SF

      Ford Road Mixed-Use Development Site

      1.15 acre lot with mixed-use zoning on Ford Road.
      30759 Ford Rd, Garden City, MI 48135
      View Details
    • $995,000

      1.15 Acre Mixed-Use Lot

      1.15 acre lot with mixed-use zoning and 247 feet frontage.
      30759 Ford Rd, Garden City, MI 48135
      View Details
    • Contact for pricing

      Corner Lot on Cherry Hill

      Commercial land for sale in a busy residential area.
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    • $265,000
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      Commercial Land For Sale

      Commercial land available for sale.
      28022 Ford Rd, Garden City, MI 48135
      View Details
    • Contact for pricing

      Garden City Land For Sale

      1.41 acres available near Ford and Middlebelt Road.
      5705 Middlebelt Rd, Garden City, MI 48135
      View Details
    • $1,150,000
      Pending

      Commercial Land For Sale

      Commercial land available for sale.
      29633 Ford Rd, Garden City, MI 48135
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    Similar Nearby for Lease

    • Contact for pricing

      Accessible Warehouse with Heavy Power

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      1,200 SF

      Garden City Commercial Space

      Commercial space for office, retail, restaurant, service, or medical.
      6629 Middlebelt Rd, Garden City, MI 48135
      View Details
    View Listing
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    Garden City, MI 48135
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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.

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