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    Downtown Realty

    500 Griswold Ste 2420, Detroit, MI 48226
    (313) 466-7253
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    Size: 10+ agents

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    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family
    • Residential

    Listings

    For Sale (27)

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    Residential Lot in Porterville, CA
    $90,000
    0.48 Acres

    Residential Lot in Porterville, CA

    Spacious lot for building a dream home in Porterville.

    1055 Cleo Ave, Porterville, CA 93257
    View details
    Renovated Duplex Near Boston Edison
    $175,000
    2,400 SF

    Renovated Duplex Near Boston Edison

    Fully renovated duplex with strong cash flow near Boston Edison.

    2463 Ford St, Detroit, MI 48238
    View details
    Detroit Tudor Style Duplex
    $110,000
    1,819 SF

    Detroit Tudor Style Duplex

    Polychrome brick duplex with renovated units and updated features.

    14961 Strathmoor St, Detroit, MI 48227
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    Corktown Mixed-Use Development Opportunity
    $900,000
    6,173 SF

    Corktown Mixed-Use Development Opportunity

    Mixed-use property in Detroit's Corktown, near Michigan Central Station.

    1798 Wabash St, Detroit, MI 48216
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    Detroit Duplex with Income Potential
    $105,000
    2,600 SF

    Detroit Duplex with Income Potential

    Large duplex in Detroit with newer roof and windows.

    4901 Whitfield St, Detroit, MI 48204
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    Commercial Lot in Strathmore, CA
    $260,000
    0.45 Acres

    Commercial Lot in Strathmore, CA

    Commercial lot for sale in the heart of Strathmore.

    01 Orange Belt Dr, Strathmore, CA 93267
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    Renovated Detroit Duplex Investment
    $370,000
    3,528 SF

    Renovated Detroit Duplex Investment

    Fully renovated duplex in North La Salle, Detroit. Cash-flowing gem.

    1935 Gladstone St, Detroit, MI 48206
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    Renovated Detroit Duplex Near Investments
    $279,000
    2,549 SF

    Renovated Detroit Duplex Near Investments

    Completely renovated duplex in a rapidly evolving Detroit neighborhood.

    3271 Hazelwood St, Detroit, MI 48206
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    Riverside Drive Homesite on Golf Course
    $79,000
    0.25 Acres

    Riverside Drive Homesite on Golf Course

    Homesite in gated golf community, ideal for custom retreat.

    32949 Riverside Dr, Springville, CA 93265
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    Residential Land in Highland Park
    Contact for pricing

    Residential Land in Highland Park

    Vacant residential lot available in Highland Park, Michigan.

    623 W Brentwood St, Highland Park, MI 48203
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    Detroit Multifamily Art Deco Opportunity
    $399,000
    19,686 SF

    Detroit Multifamily Art Deco Opportunity

    29-unit apartment building in Detroit's Herman Kiefer sub.

    1408 Lee Pl, Detroit, MI 48206
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    Porterville Land in Prime Location
    $325,000
    1.77 Acres

    Porterville Land in Prime Location

    1.77 acres of land in northwest Porterville, California.

    640 N Prospect St, Porterville, CA 93257
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    Residential Land in Highland Park
    Contact for pricing

    Residential Land in Highland Park

    Vacant residential lot available in Highland Park, Michigan.

    707 W Brentwood St, Highland Park, MI 48203
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    Residential Lot in Detroit
    Contact for pricing

    Residential Lot in Detroit

    Residential lot in a convenient West End location.

    9325 Mack Ave, Detroit, MI 48214
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    Remodeled Four-Unit Home Investment
    $269,900
    3,130 SF

    Remodeled Four-Unit Home Investment

    Recently remodeled four-unit home in Detroit with consistent income.

    2675 W Buena Vista St, Detroit, MI 48238
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    Renovated Duplex in Dexter-Linwood
    $224,000
    2,088 SF

    Renovated Duplex in Dexter-Linwood

    Turnkey Detroit duplex with updated features and tenant occupancy.

    3295 Monterey St, Detroit, MI 48206
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    Renovated East Village Duplex Opportunity
    $230,000
    2,366 SF

    Renovated East Village Duplex Opportunity

    Fully renovated, cash-flowing duplex in Detroit's East Village.

    2174 Garland St, Detroit, MI 48214
    View details
    Restored Detroit Duplex Investment
    $199,000
    2,598 SF

    Restored Detroit Duplex Investment

    Turnkey duplex in Detroit with immediate income potential.

    3290 Tuxedo St, Detroit, MI 48206
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    Expansive Land Parcel in Porterville
    $200,000
    4.57 Acres

    Expansive Land Parcel in Porterville

    4.48-acre parcel with building pad and city utilities.

    1485 N Highland Dr, Porterville, CA 93257
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    Residential Land in Highland Park
    Contact for pricing

    Residential Land in Highland Park

    Vacant residential land available in Highland Park, Michigan.

    615 W Brentwood St, Highland Park, MI 48203
    View details
    Automotive Repair Facility For Sale
    $859,000
    2,916 SF

    Automotive Repair Facility For Sale

    Turnkey automotive repair facility with collision center in Detroit.

    2933 W Davison Ave W, Detroit, MI 48238
    View details
    Ecorse Restaurant and Event Space
    $340,000
    3,900 SF

    Ecorse Restaurant and Event Space

    Restaurant and event space with equipment included and expansion potential.

    505 Salliotte Rd, Ecorse, MI 48229
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    Detroit Commercial Building For Sale
    $40,000
    0.18 Acres

    Detroit Commercial Building For Sale

    9,551 SF commercial building in prime Detroit location.

    13930 Woodrow Wilson St, Detroit, MI 48238
    View details
    LAND - Delano, CA
    $180,000
    40.00 Acres

    LAND - Delano, CA

    Land • 40.00 Acres

    Garces Hwy, Delano, CA 93215
    View details
    Commercial Lot in High-Traffic Area
    $260,000
    0.61 Acres

    Commercial Lot in High-Traffic Area

    Commercial lot in Strathmore, CA, suitable for new ventures.

    01 Orange Belt Dr, Strathmore, CA 93267
    View details
    Restaurant and Event Space Opportunity
    $340,000
    3,900 SF

    Restaurant and Event Space Opportunity

    Restaurant and event space with equipment included, expansion potential.

    505 Salliotte Rd, Ecorse, MI 48229
    View details
    Restored Detroit Duplex Investment Property
    $199,000

    Restored Detroit Duplex Investment Property

    Turnkey duplex in Detroit with tenants and consistent income.

    3290 Tuxedo St, Detroit, MI 48206
    View details

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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Downtown Realty
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