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60999 Grand River Ave, New Hudson, MI 48165
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Property summary
AI-generated overview
This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Lyon Charter Township, Michigan. Located at 60999 Grand River Ave, 48165, this property boasts a prime location with excellent freeway visibility, situated right off the Kent Lake Road exit of I-96. The parcel is zoned B-2 Commercial, offering a wide array of potential uses. The asking price is $1,000,000, translating to $200,000 per acre. The property's APN is 21-05-176-016. This expansive lot provides significant development potential for various commercial ventures. Furthermore, the property offers the flexibility of being subdivided into two 2.5-acre parcels, each priced at $600,000. This presents an attractive option for investors seeking smaller-scale projects. Given its strategic location, zoning flexibility, and potential for subdivision, this property represents a compelling investment opportunity in a thriving commercial area. Don't miss this chance to acquire a highly visible and versatile commercial land parcel in a desirable Michigan location.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Total area
4,148 SF
Lot
1.52 ac (66,211 SF)
Zoning code
BI
APN
K -21-05-176-002
UPID
US43-0283596
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
-
Gas Station
-
Grocery & Convenience Store
-
Atm
-
Atm
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
$440k
Owner & transaction history
since 2025
Last sale
$4.3M
4 recorded transactions
Zoning & alternative use
BI · 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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 20 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$440k
Value range
$396k – $484k
±10% around blend
Estimated value / SF
$106 / SF
Confidence
High
20 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$396k
blend $440k
$484k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,148 SF
Lot area
1.52 ac
Year built
2001
Stories
1
APN
K -21-05-176-002
Zoning
BI
Assessed value
$638,790
Annual tax
$30,467
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$372k
Weighted, 20 comps · high confidence
Evidence
20 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.0 mi away · 3,506 SF
5.6 mi away · 5,309 SF
17.0 mi away · 3,111 SF
18.3 mi away · 5,114 SF
19.4 mi away · 3,617 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$440k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 385 sales
$169
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $106/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
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 20 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.25M
Move the market yield to see immediate price impact.
Value / SF
$1,025
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
5.00%7.00%9.00%
$268k
$5.36M
$3.82M
$2.98M
$298k
$5.95M
$4.25M
$3.31M
$327k
$6.55M
$4.68M
$3.64M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
20 found
High confidence · county-verified
Closest comparable
$270k
2.3 mi · Jan 2026 · $85/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,467
Tax year 2023
Assessed value
$638,790
Assessed 2024
Previous assessed
$621,150
+2.8% YoY
Effective rate
4.77%
On assessed value
Total market value
$1,277,580
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
4,148 SF
Lot
1.52 ac (66,211 SF)
Zoning code
BI
APN
K -21-05-176-002
UPID
US43-0283596
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · New Hudson, MIZoning BI · permitted uses
BI · New Hudson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
New Hudson, MI
Recorded code
BI
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
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
Private report access
See the ownership record for this address.
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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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