Property profile

8550 Michigan Ave Parma, MI 49269

OFF-MARKET
Warehouses
Property ID
US43-1197531
21,000 SF 3.18 ac lot
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 21,000 SF
Lot 3.18 ac (138,521 SF)
Zoning code L.I-1
APN 000-07-33-301-001-03
UPID US43-1197531

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 49269-9785
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
$959k
Blend (final) Blend
$395k

Owner & transaction history

since 2026
2 recorded transactions
2026
$2.2M
2008
Price N/A

Zoning & alternative use

L.I-1 · Parma, MI
Top alternative use upside
Office building $1.6M +69.2%
Retail stores $1.4M +55.0%
Commercial (general) $1.4M +52.7%

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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