Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    33417 Kelly Rd Fraser, MI 48026

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,000

    5,089 SF industrial building with fenced lot in Fraser.

    Property size:
    5,089 SF

    Property Features for 33417 Kelly Rd

    General Information

    Size
    5,089 SF

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Harrison Yaldoo
    Source: Naiglobal

    Listing Agent: Harrison Yaldoo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fraser Industrial Building For Sale

    This 5,089 square foot industrial building is available for sale in Fraser, Michigan. The property is located off 14 Mile Road, between Kelly and Groesbeck. It is currently occupied by a single tenant industrial user. The property includes a private fenced lot adjacent to the building. A 3-year MG lease is in place, with the tenant responsible for utilities and maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fairway Technologies Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.930285
    Latitude
    42.543187

    Nearby Similar for Sale

    • $174,900
      1,127 SF

      Fraser Commercial Property For Sale

      Commercial property in Fraser, Michigan, suitable for retail or restaurant.
      33060 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • $89,900
      7.06 Acres

      Cemetery with Development Potential

      Cemetery for sale in Fraser, MI with expansion possibilities.
      15685 E 14 Mile Rd, Fraser, MI 48026
      View Details
    • $4,800,000
      23,841 SF

      Profitable Event Venue and Catering

      Top-rated event venue and catering business in premier location.
      31490 Utica Rd, Fraser, MI 48026
      View Details
    • $2,500,000
      27,840 SF

      Renovated Industrial Buildings with Yard

      Two industrial buildings totaling 27,840 SF with yard space.
      32637 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • $1,100,000
      12,100 SF

      Freestanding Industrial Building with Office

      12,100 SF industrial building with office space for sale.
      34180 Klein Rd, Fraser, MI 48026
      View Details
    • $55,000
      725 SF

      Fraser Condo with Low HOA

      Manageable condo with low HOA fee including most utilities.
      34500 Mulvey, Fraser, MI 48026
      View Details
    • $999,000
      15,774 SF

      Fraser Redevelopment Opportunity on Garfield

      15,774 SF building on 1.25 acres for redevelopment.
      33042 Garfield Rd, Fraser, MI 48026
      View Details
    • $185,000
      1,141 SF

      Maintenance-Free Condo Living

      Condo with patio, mature trees, and included appliances.
      16546 Woodlane, Fraser, MI 48026
      View Details
    • Contact for pricing
      2,980 SF

      Operating Car Wash on 0.80 Acres

      Operating 5-bay coin car wash on a 0.80-acre site.
      31062 Utica Rd, Fraser, MI 48026
      View Details
    • $4,150,000
      51,842 SF

      Fraser Warehouse Property for Sale

      51,842 SF warehouse/industrial property in Fraser, Michigan.
      31985 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • $1,200,000
      7.06 Acres

      Fraser Cemetery Investment Opportunity

      High-potential cemetery with 1500+ plots.
      15685 14 Mile Rd, Fraser, MI 48026
      View Details
    • $1,225,000
      15,440 SF

      Fraser Warehouse Investment Opportunity

      15,440 SF Industrial Warehouse For Sale
      34195 Riviera Dr, Fraser, MI 48026
      View Details

    FAQs

    What type of property is this?
    Industrial property - 5,089 SF industrial building with fenced lot in Fraser.
    Where is this industrial property located?
    The property is located at 33417 Kelly Rd Fraser, MI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - 3-year MG lease in place - tenant pays utilities and maintenance; - Single Tenant Industrial User; - Private Fenced Lot Adjacent to the Building
    (313) 953-0430
    Request Owner's contact information
    33417 Kelly Rd Fraser, MI 48026
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    33417 Kelly Rd
    Fraser, MI 48026
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    33417 Kelly Rd Fraser, MI 48026
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Harrison Yaldoo
    (313) 953-0430
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.