Property profile

8550 Michigan Ave Parma, MI 49269

OFF-MARKET
Manufacturing properties
Property ID
US43-1670055
27,800 SF 3.27 ac lot
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Total area 27,800 SF
Lot 3.27 ac (142,441 SF)
Zoning code L.I-1
APN 000-07-33-301-001-02
UPID US43-1670055

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
  • Corporate Office Business Park
  • Coworking & Hybrid Office

Location

8550 Michigan Ave Parma, MI 49269-9449
Parma metro Census 6500 JACKSON, 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
$1.07M
Blend (final) Blend
$525k

Owner & transaction history

since 2008
1 recorded transaction
2008
Price N/A

Zoning & alternative use

L.I-1 · Parma, MI
Top alternative use upside
Auto repair, garage $1.6M +143.1%
Warehouse, storage $1.2M +89.6%

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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