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56875 Grand River Ave, New Hudson, MI 48165
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Property summary
AI-generated overview
This exceptional freestanding retail building, located at 56875 Grand River in New Hudson, Michigan, presents a compelling investment opportunity. Boasting 1,972 square feet of space, this single-story structure sits on a 0.21-acre lot and offers ample parking with 15 spaces. Built in 1925, the building is classified as Class C and is currently priced at $550,000, translating to $278.90 per square foot. The property benefits from a highly desirable location on Grand River, providing excellent visibility and accessibility. Its B-2 Community Business District zoning allows for a diverse range of uses, including retail, general office, or medical spaces, offering considerable flexibility for future tenants or owners. Situated in Oakland County, within a rapidly expanding Michigan community, this property presents a strong potential for both immediate income generation and long-term appreciation. The property's parcel number is 21-03-303-014 and its zip code is 48165. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving market. Don't miss out on this chance to secure a valuable asset in a high-growth area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
1,617 SF
Lot
0.21 ac (9,148 SF)
Zoning code
II
APN
K -21-03-303-014
UPID
US43-5180777
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
-
Barber Shop
-
Law Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$65k
Owner & transaction history
since 2021
Last sale
$68,000
3 recorded transactions
Zoning & alternative use
II · New Hudson, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 14 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$65k
Value range
$59k – $72k
±10% around blend
Estimated value / SF
$40 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$59k
blend $65k
$72k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,617 SF
Lot area
0.21 ac
Year built
1925
Stories
1
APN
K -21-03-303-014
Zoning
II
Assessed value
$75,670
Annual tax
$6,176
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$6,176
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$311k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.1 mi away · 1,272 SF
10.1 mi away · 1,656 SF
12.0 mi away · 1,367 SF
12.4 mi away · 1,668 SF
12.8 mi away · 1,314 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$65k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 427 sales
$117
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $40/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
4.04%
Selected cap rate for this office buildings
Derived from the New Hudson market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.04%
9.0%
NOI (est.)
$21k *
Last sale · May 2021
$68k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$525k
Move the market yield to see immediate price impact.
Value / SF
$325
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.54%4.04%4.54%
$19k
$539k
$473k
$421k
$21k
$599k
$525k
$467k
$23k
$659k
$578k
$514k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$500k
2.0 mi · Dec 2025 · $284/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,176
Tax year 2023
Assessed value
$75,670
Assessed 2024
Previous assessed
$72,560
+4.3% YoY
Effective rate
8.16%
On assessed value
Total market value
$151,340
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1925
Heating
FORCED AIR
Buildings
2
Stories
1
Units
1
Total area
1,617 SF
Lot
0.21 ac (9,148 SF)
Zoning code
II
APN
K -21-03-303-014
UPID
US43-5180777
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · New Hudson, MIZoning II · permitted uses
II · New Hudson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1925
Heating
FORCED AIR
Stories
1
Buildings
2
Units
1
Lot
0.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
II
Jurisdiction
New Hudson, MI
Recorded code
II
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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