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    Property profile & analytics
    OFF-MARKET Estimated value $1,385,000
    Drug stores

    32905 Ft Rd, Rockwood, MI 48173-1112

    11,180 SF 1.76 ac lot Built 2008
    Entity Owned 12-yr Hold Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap 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
    $1.39M
    Owner & transaction history
    Realty Income Props 28 L Menlo · 12 yrs held
    Realty Income Props 28 L Menlo
    since 2013
    5 recorded transactions
    2013
    2007
    2006
    2006
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.2M +44.2%
    Restaurant $1.2M +36.0%
    Office building $1.1M +27.5%
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