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    15306 Rosa Parks Blvd Detroit, MI 48238

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    Sponsored
    For Sale
    $739,900

    Real Estate Only - Detroit, MI

    Property size:
    12,137 SF
    Lot size:
    1.18 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 16 at 2:06 am

    Property Features for 15306 Rosa Parks Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Heavy Industrial,Light Industrial
    APN
    0807713
    Size
    12,137 SF
    Lot size
    1.18 Acres

    Taxes and HOA fees

    Expense value
    375000
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1964
    Year renovated
    2022
    Floors in Building
    1
    Building materials
    Block
    Roof type
    Asphalt, Metal, Other, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Hassan Zein

    Empire Realty Group Inc. (313) 846-0960

    Listing agent Hassan Zein (313) 846-0960

    Listing date Mar 14, 2026

    MLS# 20251017694 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Detroit Industrial Property with Freeway Access

    This industrial property in Detroit, Michigan, offers an exceptional opportunity with M4 intensive industrial zoning, which is the broadest industrial zoning in Detroit. The property includes two large warehouses on 1.18 acres of land. Both the front and rear entrances are secured with a controlled gate, providing privacy and controlled access. An adjacent parcel is connected by a private rear drive with security gates, offering extra space for additional parking or expansion. The site is strategically positioned directly off the Lodge Freeway, one mile from I75 and half a mile from M8 (Davison), and a 10-minute drive from downtown Detroit. The existing structure, built on a solid foundation, offers excellent structural integrity. The facility is equipped with 16 to 20 bay doors, two additional overhead doors (10 to 15 ft), and a rear loading dock for efficient logistics. It features dual access points, one in the front and one in the rear via a private road. The property, totaling 12137 square feet, is suited for various uses. Additional lots are available to the north of this building for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1173409
    Latitude
    42.4035079

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    FAQs

    What type of property is this?
    Manufacturing property - M4-zoned industrial property with redevelopment potential in Detroit, Michigan.
    Where is this manufacturing property located?
    The property is located at 15306 Rosa Parks Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $739,900.
    What are key features of this property?
    This property features: - Rare M4 Intensive Industrial Zoning: Permits the broadest range of industrial uses.; - Prime Freeway Access: Strategically located directly off the Lodge Freeway, one mile from I75 and half a mile from M8 (Davison), and 10 minutes from downtown Detroit.; - Large Warehouses on 1.18 Acres: Offers substantial space for operations and development.
    (313) 846-0960
    Request Owner's contact information
    15306 Rosa Parks Blvd Detroit, MI 48238
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    Detroit, MI 48238
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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
    15306 Rosa Parks Blvd Detroit, MI 48238
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    We can help!
    Listing Contact
    Hassan Zein
    (313) 846-0960
    Learn more
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