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    Property profile & analytics

    Richmond, MI 48062

    • Commercial land
    • 7.29 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-4032660
    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

    • Commercial land

    Property Details

    Lot size
    7.29 lot acres
    Zone code
    RM-1
    Property type
    Commercial land
    APN
    07-03-35-378-017
    APU
    70335378017

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7651
    Latitude
    42.8103
    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
    2022
    $3,469
    $0.00
    $0.00
    $58,800
    -
    $0.00
    $0.00
    $117,600

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      68300 Main St

      VACANT COMMERCIAL LAND • 0.33 Acres
      68300 Main St, Richmond, MI 48062-1218
      View Details
    • Value Estimation by Request
      0.23 Acres

      Richmond, MI 48062

      VACANT COMMERCIAL LAND • 0.23 Acres
      Richmond, MI 48062
      View Details
    • Value Estimation by Request
      6.20 Acres

      Richmond, MI 48062

      VACANT COMMERCIAL LAND • 6.20 Acres
      Richmond, MI 48062
      View Details
    • Value Estimation by Request
      6.75 Acres

      37305 31st Mile Rd

      VACANT COMMERCIAL LAND • 6.75 Acres
      37305 31st Mile Rd, Richmond, MI 48062
      View Details
    • Value Estimation by Request
      0.12 Acres

      69351 Main St

      VACANT COMMERCIAL LAND • 0.12 Acres
      69351 Main St, Richmond, MI 48062-1144
      View Details
    • Value Estimation by Request
      0.16 Acres

      67631 Main St

      VACANT COMMERCIAL LAND • 0.16 Acres
      67631 Main St, Richmond, MI 48062-1927
      View Details

    Similar Nearby for Sale

    • $350,000

      Commercial Land for Sale

      Commercial land available, rezoning possible, size negotiable.
      Heritage Dr, Richmond, MI 48062
      View Details
    • Contact for pricing
      1.75 Acres

      Richmond Commercial Land - 1.75 Acres

      Prime 1.75-acre commercial lot in Richmond, MI.
      67300 Main St, Richmond, MI 48062
      View Details
    • $200,000

      10 Acre Parcel with Frontage

      10 acre parcel with road frontage in Armada Schools.
      Irwin Rd, Richmond, MI 48062
      View Details
    • New
      $75,000
      1.50 Acres

      Richmond Twp Vacant Land

      1.5 acre residential building site between Richmond and Armada.
      00 Armada Ridge Rd, Richmond, MI 48062
      View Details
    • $84,900
      2.39 Acres

      Vacant Land in Richmond, MI

      Building site outside Richmond with natural gas and cable.
      Hebel Rd, Richmond, MI 48062
      View Details
    • New
      $75,000
      1.50 Acres

      Buildable Land in Richmond, MI

      1.5-acre residential land with natural gas in Richmond, MI.
      00 Armada Ridge Rd, Richmond, MI 48062
      View Details

    Similar Nearby for Lease

    • $72,000
      21,780 SF

      Prime Gratiot & 31 Mile Retail Site

      High-visibility corner lot for lease in Richmond, MI.
      66901 Gratiot Ave, Richmond, MI 48062
      View Details
    • $15 SF/Yr
      2,726 SF

      Prime Richmond Retail Space

      Free-standing retail with drive-thru.
      69055 Main St, Richmond, MI 48062
      View Details
    • $4 SF/Yr
      81,000 SF

      Richmond Retail/Warehouse Opportunity

      81,000 SF retail or warehouse space for lease.
      67300 Main St, Richmond, MI 48062
      View Details
    • $14 SF/Yr
      10,500 SF

      Muttonville Crossing Retail Space

      Prime Richmond, MI Storefront Opportunity
      31 Mile Main St & County Line Rd, Richmond, MI 48062
      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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