Property profile

51005 Old Michigan Ave Van Buren Township, MI 48111

OFF-MARKET
Commercial real estate
Property ID
US43-1779725
2,016 SF 10.41 ac lot Built 1960
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 2,016 SF
Lot 10.41 ac (453,460 SF)
Zoning code RMH MOB
APN 83 023 99 0004 700
UPID US43-1779725

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
  • Campground & RV Park
  • Campground & RV Park

Location

51005 Old Michigan Ave Van Buren Township, MI 48111-1064
Van Buren Township metro Census 588101 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.04M

Owner & transaction history

since 2021
Last sale
$895,200
2 recorded transactions
2021
$895,200
2021
Price N/A

Zoning & alternative use

RMH MOB · Van Buren Township, 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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