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Property profile & analytics
OFF-MARKET
Industrial land
36451 Annapolis St Wayne, MI 48184-1501
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3106371
Property summary
AI-generated overview
This 2.86-acre commercial property in Wayne, Michigan, is ideally situated for manufacturing, logistics, and transportation businesses. Located at 36451 Annapolis St, Wayne, MI 48184, this property boasts a prime location near Detroit Metropolitan Airport (DTW) and major highways (Hwy 275 & I-94), offering excellent access and efficiency. The property is already approved by Wayne City for development as a truck terminal, office space, and repair shop, providing a significant head start for potential buyers. With 124,582 square feet and a Commercial zoning designation, this property offers substantial flexibility for building and customizing the space to meet specific business needs. The property is offered at $270,000 and is owned by an LLC. The parcel number is 55 015 99 0026 704. This value-add investment opportunity presents a unique chance to establish a thriving business in a strategic location. The property consists of a single unit.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2.86 ac (124,582 SF)
Zoning code
IND-1 LGT IND
APN
55 015 99 0026 704
UPID
US43-3106371
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grewal Holding LLC · 8 yrs held
Grewal Holding LLC
since 2018
5 recorded transactions
Zoning & alternative use
IND-1 LGT IND · Wayne, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,989
Tax year 2023
Assessed value
$78,500
Assessed 2024
Previous assessed
$76,600
+2.5% YoY
Effective rate
3.81%
On assessed value
Total market value
$157,000
Applied tax rate
82,160.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
2.86 ac (124,582 SF)
Zoning code
IND-1 LGT IND
APN
55 015 99 0026 704
UPID
US43-3106371
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
IND-1 LGT IND · Wayne, MIZoning IND-1 LGT IND · permitted uses
IND-1 LGT IND · Wayne, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
2.86 ac
Current owner
From public records · entity-resolved
Grewal Holding LLC
Entity
Free & Clear · 8 yrs held
Mailing address
50593 SILVERTON, CANTON, MI 48187-7702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2018
—
Grewal Holding LLC
Grewal,davinder
Quit Claim Deed
related
—
Mar 21, 2018
$64,000
Davinder Grewal
Gocaj,shkelzen
Warranty Deed
—
Mar 12, 2018
$21,000
All Star Landscape Contractors
Wayneland Eagles 4104
Quit Claim Deed
related
—
Mar 12, 2018
—
Shkelzen Gocaj
All Star Landscape Contractors
Quit Claim Deed
—
Jan 23, 2006
—
Wayneland Eagles Aerie
City Of Wayne
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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