Property profile

46976 Magellan Wixom, MI 48393

OFF-MARKET
Warehouses
Property ID
US43-0170596
20,099 SF 1.58 ac lot Built 2000
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Total area 20,099 SF
Lot 1.58 ac (68,825 SF)
Zoning code M-1
APN 96-22-09-102-005
UPID US43-0170596

Cap rate & NOI

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

Location

46976 Magellan Wixom, MI 48393-3699
Wixom metro Census 133102 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
$2.58M
Blend (final) Blend
$1.32M

Owner & transaction history

since 2013
4 recorded transactions
2013
Price N/A
2013
Price N/A
2002
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 · Wixom, MI
Zoning description

The M-1 light industrial district is designed primarily to accommodate research and development, corporate office and light industrial uses, including wholesale activities, warehouses and industrial operations whose exte…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $3.5M +130.7%
Restaurant $3.5M +126.7%
Retail stores $3.4M +121.0%

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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