Property profile

509 S Farmersville Blvd Farmersville, CA 93223

FOR SALE
Commercial land
Property ID
US09-5944237
0.43 ac lot
Trust Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 142 W Liberty St in Detroit, Wayne County, offers a unique blend of historic charm and modern functionality. Built in 1870 and renovated in 1988, this three-story building boasts a total of 2,300 square feet of office space currently available for lease. The property sits on a 0.124-acre lot and is classified as a Class B building. The zoning designation is C-4, allowing for a variety of commercial uses. The building's single structure comprises three stories and features a multi-tenant occupancy. The property's history is reflected in its architectural details, while the 1988 renovation ensures modern amenities and functionality. This location provides excellent access to downtown Detroit's vibrant business district, offering unparalleled convenience and visibility. The property's Assessed Parcel Number (APN) is 64-01749.000. This is an exceptional opportunity for businesses seeking a prestigious and well-maintained space in a highly desirable location. The available space is ideal for a variety of office uses, offering ample room for growth and expansion. Interested parties are encouraged to inquire for further details and to schedule a viewing.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.43 ac (18,760 SF)
Zoning code C-3
APN 130-102-007-000
UPID US09-5944237

Cap rate & NOI

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

Location

509 S Farmersville Blvd Farmersville, CA 93223
Farmersville metro Census 1602 VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2009
4 recorded transactions
2009
$56,000
2006
$47,000
2006
$25,000
1994
Price N/A

Zoning & alternative use

C-3 · Farmersville, CA

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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