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32905 Ft Rd Rockwood, MI 48173-1112

OFF-MARKET Drug stores Google Maps
11,180 SF 1.76 ac lot Built 2008
Entity Owned 13-yr Hold Free & Clear
Estimated value (blended)
$4.42M
Range $3.98M – $4.86M (±10%)
Property ID US43-1573365

Property summary

AI-generated overview

This exceptional 11,181-square-foot freestanding retail building presents a unique investment opportunity in Rockwood, Michigan. Situated on a highly visible 2-acre corner lot with two convenient points of ingress/egress and a prominent monument sign, this single-tenant property boasts excellent visibility and accessibility. The building is currently vacant, offering a blank canvas for a variety of retail uses. Located in a thriving neighborhood community, the property benefits from a strong demographic profile, with over 3,500 people residing within a one-mile radius and boasting an average household income exceeding $100,000. Daily traffic counts of approximately 8,513 vehicles ensure high exposure. The strategic location offers easy access to I-75, a major north/south freeway, connecting the property to a wider regional market. Furthermore, the property's proximity to Woodhaven, just 6 miles north, provides access to a robust retail environment anchored by big-box retailers such as Target, Meijer, Lowe's, The Home Depot, and Walmart, as well as a significant Ford Motor Company plant. This property is ideally suited for a variety of retail concepts seeking a high-traffic location in a strong demographic area within the downriver Detroit community of Southeastern Wayne County. The property is located at 32905 Fort Rd, Rockwood, MI 48173.

Property profile

Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2008
Total area 11,180 SF
Lot 1.76 ac (76,666 SF)
APN 52 006 07 0001 302
UPID US43-1573365

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$4.42M

Owner & transaction history

since 2013
5 recorded transactions
2013
Price N/A
2007
Price N/A
2006
Price N/A
2006
Price N/A
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.2M +44.2%
Restaurant $1.2M +36.0%
Office building $1.1M +27.5%

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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