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    Property profile & analytics

    Ferndale, MI 48220

    • Industrial land
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2629712
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial land

    Property Details

    Lot size
    0.08 lot acres
    Zone code
    IV
    Property type
    Industrial land
    APN
    24-25-35-459-002
    APU
    242535459002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.112
    Latitude
    42.4474
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $732
    $0.00
    $0.00
    $15,220
    -
    $0.00
    $0.00
    $30,440

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      545 Woodward Hts

      INDUSTRIAL - VACANT LAND • 0.11 Acres
      545 Woodward Hts, Ferndale, MI 48220
      View Details
    • Value Estimation by Request
      0.88 Acres

      Ferndale, MI 48220

      INDUSTRIAL - VACANT LAND • 0.88 Acres
      Ferndale, MI 48220
      View Details
    • Value Estimation by Request
      0.16 Acres

      Ferndale, MI 48220

      INDUSTRIAL - VACANT LAND • 0.16 Acres
      Ferndale, MI 48220
      View Details
    • Value Estimation by Request
      0.01 Acres

      Ferndale, MI 48220

      INDUSTRIAL - VACANT LAND • 0.01 Acres
      Ferndale, MI 48220
      View Details
    • Value Estimation by Request
      0.39 Acres

      Ferndale, MI 48220

      INDUSTRIAL - VACANT LAND • 0.39 Acres
      Ferndale, MI 48220
      View Details
    • Value Estimation by Request
      0.01 Acres

      Ferndale, MI 48220

      INDUSTRIAL - VACANT LAND • 0.01 Acres
      Ferndale, MI 48220
      View Details

    Similar Nearby for Sale

    • $89,900

      Development-Ready Commercial Lot For Sale

      Commercial lot with full utility access and high visibility.
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    • $164,900
      0.28 Acres

      Residential Land in Ferndale, MI

      Double lot near downtown Ferndale, ideal for builders and investors.
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      Land Approved for Self-Storage

      Land approved for self-storage in Ferndale, Michigan.
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    • $679,000

      Commercial Land For Sale

      Commercial land available for sale.
      145 W 9 Mile Rd, Ferndale, MI 48220
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    • $729,000
      0.36 Acres

      Ferndale Multifamily Development Land

      19-Unit Apartment Site, Retail Space
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    Similar Nearby for Lease

    • Contact for pricing

      One Acre Fenced Lot

      One acre fenced lot with asphalt milling surface for lease.
      1405 Academy St, Ferndale, MI 48220
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    • Contact for pricing
      1 SF

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      One acre fenced lot for lease with asphalt milling surface.
      1500 Academy St, Ferndale, MI 48220
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    • $15 SF/Yr
      4,300 SF

      Ferndale Executive Office/Distribution Space

      4,300 SF Office/Distribution Space Available
      3100 Hilton Rd, Ferndale, MI 48220
      View Details
    • Contact for pricing
      7,985 SF

      Ferndale Executive Office Suites

      Prime Ferndale location, flexible office space.
      22720 Woodward Ave, Ferndale, MI 48220
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    • $1,995 /Mo
      2,400 SF

      Ferndale Office Loft For Rent

      Downtown Ferndale office space with natural light and parking.
      210 W 9 Mile Rd, Ferndale, MI 48220
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    • $3,700 /Mo

      Downtown Ferndale Retail/Office Space

      Prime location in downtown Ferndale, ideal for retail or office.
      23059 Woodward Ave, Ferndale, MI 48220
      View Details
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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