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    56200 Grand River Ave New Hudson, MI 48165

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    56200 Grand River Ave New Hudson, MI 48165

    View on Map
    • Retail space
    • 3,164 SF
    • 0.26 lot acres
    For Sale
    $2,500,000
    View Listing →
    Land For Sale
    $2,500,000
    7.00 Acres

    Land

    Land · 7.00 Acres

    New Hudson, MI 48165
    View Listing
    Property ID
    US43-1246522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Roundabout Resale / Discount Store / (Bike/Boat/Book/etc) Store
    • Amelia Mae Boutique / Clothing Store / Gift Shop

    Property Details for 56200 Grand River Ave

    Year built
    1950
    Lot size
    0.26 lot acres
    Property size
    3,164 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    K -21-03-327-009
    APU
    K2103327009

    Description

    This exceptional 7-acre commercial land assemblage presents a rare investment opportunity in Western Oakland County, Michigan. Located at the highly visible hard corner of Grand River and Lyon Center Drive, this property boasts a prime location within New Hudson's major commercial development district. The permitted zoning, New Hudson Edge, allows for multi-family development, making it ideal for a variety of projects. The parcel consists of several contiguous lots, with APN numbers 21-03-327-007, 008, 009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Hudson
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6074
    Latitude
    42.5102
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,802
    $0.00
    $0.00
    $102,890
    -
    $0.00
    $0.00
    $205,780

    Comparable in this City

    • Value Estimation by Request
      2,899 SF

      58805 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,899 SF
      58805 Grand Riv Ave, New Hudson, MI 48165-8510
      View Details
    • Value Estimation by Request
      1,967 SF

      56807 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,967 SF
      56807 Grand Riv Ave, New Hudson, MI 48165-9564
      View Details
    • Value Estimation by Request
      864 SF

      56461 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      56461 Grand Riv Ave, New Hudson, MI 48165-8528
      View Details
    • Value Estimation by Request
      1,813 SF

      56230 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,813 SF
      56230 Grand Riv Ave, New Hudson, MI 48165-5200
      View Details
    • Value Estimation
      $960,000
      4,000 SF

      30600 Lyon Ctr E Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      30600 Lyon Ctr E Dr, New Hudson, MI 48165-8902
      View Details
    • Value Estimation by Request
      1,640 SF

      54001 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,640 SF
      54001 Grand Riv Ave, New Hudson, MI 48165-8514
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,972 SF

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      Restaurant Space in Growing Communities

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      Established Restaurant and Micro Brewery

      Restaurant and micro brewery with equipment on 1.2 acres.
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      Vacant Land For Sale

      Vacant land located behind Grand River.
      south Of Grand Riv, New Hudson, MI 48165
      View Details
    • $1,349,000
      10.05 Acres

      Roseville Warehouse Space Available

      Prime Roseville location, flexible space, high traffic area.
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    • Contact for pricing

      56200 Grand River, Lyon Township, MI 48165

      Land
      56200 Grand River Ave, New Hudson, MI 48165
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Lyon Charter Township.
      56270 Grand River Ave, New Hudson, MI 48165
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      Retail Opportunity in Growing Community

      Build-to-suit retail opportunity in a rapidly growing community.
      57951 Grand River Ave, New Hudson, MI 48165
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      1 SF

      Wixom Land: Prime Commercial Site

      Flexible Zoning, Multiple Acreage Options
      0 Hl Rd, Wixom, MI 48165
      View Details
    • Contact for pricing

      New Hudson Commercial Land Available

      1.81-acre commercial land for lease in New Hudson, Michigan.
      57036 Grand River Ave, New Hudson, MI 48165
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in New Hudson, Michigan.
      30165 South Hill Rd, New Hudson, MI 48165
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      150,000 SF

      New Class A Industrial Facility

      150,000 SF Class A industrial facility for lease.
      54363 Grand River Ave, New Hudson, MI 48165
      View Details
    View Listing
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    New Hudson, MI 48165
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    56200 Grand River Ave, New Hudson, MI, 48165

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