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Financial
Distress signals
Property profile

850 S Glaspie St Oxford, MI 48370

FOR SALE
Retail space
Property ID
US43-0272042
9,389 SF 1.56 ac lot Built 1974
Last sale Nov 2024 · $1,025,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional turnkey cannabis provisioning center in Oxford, Michigan, presents a unique investment opportunity. Located at 850 S Glaspie St, this 8,096 square foot freestanding building, built in 1977, sits on a 0.78-acre lot and boasts 31 parking spaces. The property is fully built-out and ready for immediate operation, requiring only branding and inventory. Included in the sale or lease is the existing municipal-approved adult-use license. An additional 4,637 square feet of space is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$331k
Effective rate2.87%

Value estimate

· Oct 2026
$2.06M
$1.85M – $2.26M
Submarket $/SF estimate$986k
NOI build-up
Gross scheduled income$181k
Vacancy & credit loss−$21k
Operating expenses−$56k
NOI · 6.24% cap applied$104k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
County average, outlier-cleaned · 385 recorded sales of this use type
Observed band · Q1–Q3$79 – $263
Qualifying comparables6

Cap rate analysis

How does the asset earn?
6.24%
$104k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
II
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.7
Law Firm16.1
Restaurant15.4

Location

850 S Glaspie St Oxford, MI 48370
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
150 Washington, Oxford, MI 48371-4975 $20,000 Oct 2023 5,090 SF
22 Washington, Oxford, MI 48371-4665 $700,000 Mar 2023 5,884 SF
81 Burdick, Oxford, MI 48371-4610 $1,090,000 Jan 2023 7,210 SF
653 Lapeer, Oxford, MI 48371-5036 $700,000 Aug 2021 5,911 SF
33 Pleasant, Oxford, MI 48371-4647 $375,000 Jan 2021 6,893 SF
595 Lapeer, Oxford, MI 48371-3646 $870,000 Apr 2019 11,120 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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