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    32000 Frd Rd Garden City, MI 48135-1506
    Property profile & analytics

    32000 Frd Rd, Garden City, MI 48135-1506

    View on Map
    • Automotive properties
    • 79,076 SF
    • 13.19 lot acres
    Off-Market
    Last Sale Feb 27, 2024
    Property ID
    US43-3912646
    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
    $4,160,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Automotive properties

    Property Details for 32000 Frd Rd

    Year built
    1977
    Lot size
    13.19 lot acres
    Property type
    Automotive properties
    APN
    35 004 99 0026 300
    APU
    35004990026300

    Description

    This exceptional 44,514-square-foot industrial property, located at 32000 Ford Road in Garden City's Detroit submarket, presents a unique investment opportunity. The single-story, Class B building, constructed in 1977 and extensively renovated in 2024, boasts four individual suites available for lease. Suite sizes range from 7,140 square feet to 15,300 square feet, offering flexibility for various business needs. The property features eight drive-in doors, providing convenient access for loading and unloading, and ample parking with 500 spaces. The building benefits from a 1000-foot frontage on Middlebelt Road, ensuring high visibility and accessibility. Clear heights range from 12'5" to 16'6", accommodating a variety of storage and operational requirements. Exterior renovations are currently underway, further enhancing the property's appeal. The property sits on 11 acres of land, with negotiable outdoor storage options available. The property is zoned for industrial use and has an APN of 86953426853469514. This is a must-see property with clean, modern spaces ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,160,000
      Market price range: $2.79M - $9.29M
      AI Estimate
      $4,160,000
      Market price range: $2.79M - $9.29M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $5,675,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $6,290,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3575
    Latitude
    42.3263
    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
    $78,039
    $0.00
    $0.00
    $1,632,100
    -
    $0.00
    $0.00
    $3,264,200

    Comparable in this City

    • Value Estimation
      $1,035,000
      11,306 SF

      27777 Frd Rd

      VEHICLE SALES, RENTALS
      27777 Frd Rd, Garden City, MI 48135-2924
      View Details
    • Value Estimation
      $3,825,000
      38,715 SF

      32850 Frd Rd

      VEHICLE SALES, RENTALS
      32850 Frd Rd, Garden City, MI 48135-1570
      View Details
    • Value Estimation
      $4,960,000
      52,569 SF

      31850 Frd Rd

      VEHICLE SALES, RENTALS
      31850 Frd Rd, Garden City, MI 48135-1506
      View Details
    • Value Estimation
      $580,000
      6,455 SF

      31749 Frd Rd

      AUTO REPAIR, GARAGE
      31749 Frd Rd, Garden City, MI 48135-1505
      View Details
    • Value Estimation by Request
      977 SF

      6738 Middlebelt Rd

      AUTO REPAIR, GARAGE
      6738 Middlebelt Rd, Garden City, MI 48135-2130
      View Details
    • Value Estimation by Request
      3,100 SF

      30425 Frd Rd

      AUTO REPAIR, GARAGE
      30425 Frd Rd, Garden City, MI 48135-1802
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property on Ford Road

      Retail property for sale in a high-traffic Garden City location.
      33729 Ford Rd, Garden City, MI 48135
      View Details
    • $100,000
      Pending

      Turn-Key Restaurant on Ford Road

      Fully equipped restaurant with high visibility and ample parking.
      30155 Ford Rd, Garden City, MI 48135
      View Details
    • Contact for pricing

      Retail Gem on Ford Road

      Prime retail property in Garden City with high visibility.
      33775 Ford Rd, Garden City, MI 48135
      View Details
    • Contact for pricing
      6,100 SF

      Turn-Key Retail Plaza on Ford

      Updated 6100 SF retail space on high-traffic Ford Road.
      29916 Ford Rd, Garden City, MI 48135
      View Details

    Similar Nearby for Lease

    • $8,500 /Mo

      Ford Road Automotive Property

      Prime automotive property on Ford Road available for lease.
      29944 Ford Rd, Garden City, MI 48135
      View Details
    • Contact for pricing

      Prime Automotive Property on Ford

      Used car dealership and automotive repair facility for lease.
      29944 Ford Rd, Garden City, MI 48135
      View Details
    • Contact for pricing

      Garden City Commercial Property

      Commercial property available for rent in Garden City, Michigan.
      157 Middlebelt Gdn, Garden City, MI 48135
      View Details
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    Garden City, MI 48135-1506
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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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