Property profile

3985 John R Rd Troy, MI 48083

OFF-MARKET
Commercial land
Property ID
US43-2520992
0.76 ac lot
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This 3,550 square foot restaurant building, located at 3985 John R Rd in Troy, Michigan (zip code 48083), presents a compelling redevelopment opportunity. Situated on a 1.17-acre lot, the property enjoys high visibility and easy access to major roads and highways, benefiting from significant daily foot and vehicle traffic. Zoned for General Business use, this versatile site offers flexibility for a wide range of commercial ventures, including retail, office, or mixed-use development. Built in 1959, the existing structure provides a solid foundation for redevelopment, while the ample lot size allows for significant expansion or modification. The property benefits from existing utilities and infrastructure, minimizing initial redevelopment costs and accelerating project timelines. Its location within a vibrant commercial area, close to shopping centers and other establishments, ensures a strong customer base. Troy's robust economy and affluent population make this a promising location for long-term investment. A liquor license is also available with the property, adding further value to this exceptional redevelopment opportunity. This prime location in Oakland County offers significant potential for investors seeking to capitalize on a thriving market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.76 ac (33,106 SF)
Zoning code B-2
APN 88-20-23-200-049
UPID US43-2520992

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

3985 John R Rd Troy, MI 48083-5660
Troy metro Census 197200 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
$115k

Owner & transaction history

since 2021
Last sale
$115,000
3 recorded transactions
2021
Price N/A
2018
Price N/A
2005
$115,000

Zoning & alternative use

B-2 · Troy, MI

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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