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Property profile & analytics
FOR SALE
Commercial land
50272 Grand River Ave Wixom, MI 48393
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0011695
$425,000
50272 Grand River Ave, Wixom, MI 48393
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1901
Total area
1,839 SF
Lot
0.61 ac (26,789 SF)
Zoning code
IRO
APN
96-22-07-401-004
UPID
US43-0011695
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
Nb Square LLC · 7 yrs held
Nb Square LLC
since 2018
7 recorded transactions
Zoning & alternative use
IRO · Wixom, 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 Wixom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wixom 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
$4,117
Tax year 2023
Assessed value
$90,150
Assessed 2024
Previous assessed
$81,980
+10.0% YoY
Effective rate
4.57%
On assessed value
Total market value
$180,300
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1901
Heating
PACKAGE
Stories
2
Rooms
8
Bathrooms
1
Total area
1,839 SF
Lot
0.61 ac (26,789 SF)
Zoning code
IRO
APN
96-22-07-401-004
UPID
US43-0011695
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IRO · Wixom, MI
Zoning IRO · permitted uses
IRO · Wixom, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wixom. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Heating
PACKAGE
Stories
2
Rooms
8
Bathrooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Nb Square LLC
Entity
Free & Clear · 7 yrs held
Mailing address
47647 ALPINE DR, NOVI, MI 48374-4412
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2018
$140,004
Nb Square LLC
Manuel,joseph
Warranty Deed
—
Oct 11, 2018
—
Joseph Manuel
M & M 7 Mile LLC
Quit Claim Deed
related
—
Jul 22, 2016
—
M & M 7 Mile LLC
Sri Holdings LLC
Quit Claim Deed
—
Oct 5, 2011
$95,000
Sri Holdings LLC
M & M 7 Mile LLC
Dual Purpose Document
$85,500 · M&m 7 Mile LLC
Feb 12, 2010
$50,000
M & M 7 Mile LLC
Gatteri,joseph & Margaret I
Warranty Deed
—
Feb 12, 2010
$5,765
Joseph Gatteri
Gatteri John SR
Quit Claim Deed
related
—
Feb 12, 2010
—
Joseph Gatteri
Gatteri J & M Living Trust
Quit Claim Deed
related
—
Oct 26, 2009
—
Joseph Gatteri
Gatteri,joseph
Quit Claim Deed
related
—
Jul 22, 1999
—
Joe Gatteri
Santina G Squillace Eatate
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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