Property profile

33035 Groesbeck Hwy Fraser, MI 48026

OFF-MARKET
Turn key restaurants
Property ID
US43-1083646
1,540 SF 0.3 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Total area 1,540 SF
Lot 0.3 ac (13,068 SF)
Zoning code CG
APN 03-11-32-451-012
UPID US43-1083646

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

33035 Groesbeck Hwy Fraser, MI 48026-1514
Fraser metro Census 254000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2018
$160,000

Zoning & alternative use

CG · Fraser, MI
Zoning description

Sec. 32-135. - General business district, CG. The CG general business district is designed to provide for a wide diversity of business activities which are predominantly, but not necessarily, totally retail in character.…

General category COMMERCIAL

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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