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    33060 Groesbeck Hwy Fraser, MI 48026
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    33060 Groesbeck Hwy, Fraser, MI 48026

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    • Drive through restaurants
    • 1,127 SF
    • 0.13 lot acres
    For Sale
    $174,900
    View Listing →
    Former Restaurant in Fraser For Sale
    $174,900
    1,127 SF

    Former Restaurant in Fraser

    Former Dairy Queen restaurant, great investment opportunity.

    33060 GROESBECK Highway, Fraser, MI 48026
    View Listing
    Property ID
    US43-5167839
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 33060 Groesbeck Hwy

    Year built
    1970
    Lot size
    0.13 lot acres
    Zone code
    CG
    Property type
    Drive through restaurants
    APN
    03-11-32-476-036
    APU
    31132476036

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2019 — Tjg Entities LLC Girgenti,anthony & Jeannine Quit Claim Deed · related —
    Oct 25, 2013 $15,776 Nationwide Construction Co INC City Of Fraser Quit Claim Deed · related —
    Sep 11, 2012 $19,453 City Of Fraser Macomb County Treasurer Quit Claim Deed · related —
    Jun 22, 2012 — Macomb County Treasurer M & R Financial LLC Tax Deed · related —
    May 19, 2010 $78,231 Bryan R Stier Alberty,michael R Grant Deed —
    Feb 1, 2010 $75,000 M & R Financing LLC Sheriff Of Macomb County Trustees Deed · related —
    Jun 20, 2008 — Bryan R Stier — Trustees Deed · related $165k · M & R Financing LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9345
    Latitude
    42.5395
    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
    2022
    $2,894
    $0.00
    $0.00
    $55,700
    -
    $0.00
    $0.00
    $111,400

    Comparable in this City

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      DRIVE-THRU RESTAURANT, FAST FOOD
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    • Value Estimation by Request
      578 SF

      31817 Utica Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      31817 Utica Rd, Fraser, MI 48026-3945
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    • Value Estimation by Request
      1,312 SF

      31401 Groesbeck Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      31401 Groesbeck Hwy, Fraser, MI 48026-3907
      View Details
    • Value Estimation
      $750,000
      3,267 SF

      15620 15th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      15620 15th Mile Rd, Fraser, MI 48026-1495
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    • Value Estimation by Request
      1,945 SF

      34701 Utica Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      34701 Utica Rd, Fraser, MI 48026-3608
      View Details
    • Value Estimation by Request
      785 SF

      31331 Groesbeck Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      31331 Groesbeck Hwy, Fraser, MI 48026-3905
      View Details

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      Former Dairy Queen restaurant, great investment opportunity.
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      Fraser Commercial Property For Sale

      Commercial property available for sale in Fraser, Michigan.
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      Retail Space on High-Traffic Corner

      Retail space with frontage on two roads and monument signage.
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      Retail Space in Marcin Plaza

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      Retail Space Near Fraser High

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    Fraser, MI 48026
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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.

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    33060 Groesbeck Hwy, Fraser, MI, 48026
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