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Financial
Distress signals
Property profile

32841 Parklane St Garden, MI 48135

FOR SALE
Other industrial properties
Property ID
US43-0425767
18,605 SF 0.97 ac lot Built 1974
Last sale Jun 2022 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a flex-style industrial building built in 1974, configured with six separately accessed units totaling approximately 18,605 square feet (about 3,100 square feet per unit). Each unit includes attached office space and is designed for storage, manufacturing, warehousing, and distribution, with 20-foot ceilings, 16-foot clear height, and 15-foot overhead loading doors. The site provides ample parking. The building is located on Parklane Street in Garden City near Ford Road, within…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$230k
Effective rate7.21%

Value estimate

· Oct 2026
$1.11M
$999k – $1.22M
CAP approach$1.48M
Submarket $/SF estimate$704k
NOI build-up
Gross scheduled income$188k
Vacancy & credit loss−$7k
Operating expenses−$63k
NOI · 6.52% cap applied$117k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$50/SF
County average, outlier-cleaned · 380 recorded sales of this use type
Observed band · Q1–Q3$26 – $78
Qualifying comparables21

Cap rate analysis

How does the asset earn?
6.52%
$117k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency63.6
Restaurant49.6
Law Firm43.0

Location

32841 Parklane St Garden, MI 48135
County assessor Recorded deeds · 2 transfers 21 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
32451 Parklane, Garden City, MI 48135-1528 $740,000 May 2024 11,040 SF
32115 Block, Garden City, MI 48135-1504 $350,000 Mar 2024 7,930 SF
30175 Frd, Garden City, MI 48135-2368 $650,000 Nov 2023 13,640 SF
32537 Parklane, Garden City, MI 48135-1528 $800,000 Sep 2023 11,040 SF
32221 Block, Garden City, MI 48135-1504 $261,900 Dec 2020 6,000 SF
32127 Block, Garden City, MI 48135-1542 $185,000 Sep 2019 4,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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