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    2100 Fyke Dr Milford Charter Township, MI 48381

    Sponsored
    For Sale
    Contact for pricing
    Property size:
    5,250 SF
    Added:
    Dec 11, 2024
    Days on Market:
    400

    Property Features for 2100 Fyke Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    5,250 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Building Supply Spa & Massage Wholesale Shop Pharmacy Accounting Firm Storage Facility HVAC Service Garden Center Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.575628
    Latitude
    42.548157

    Nearby Comparable

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      Milford Warehouse Space Available

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      Prime Milford Industrial Land

      8.2 Acres, Heavy Industrial Zoning
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    • $259,000

      Land For Sale

      Land available for purchase.
      727 W Maple Rd Rd, Milford, MI 48381
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    • $309,900

      Land for Sale

      Land available for purchase.
      2722 Twin Oaks Dr, Milford, MI 48381
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    • New
      $1,500,000
      4,200 SF

      New Milford Home on Wooded Lot

      New construction home with spacious layout on a partially wooded lot.
      3 Buttercup Trl, Milford, MI 48381
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    • $775,000

      Land For Sale

      Land available for purchase.
      1405 E Dawson Rd, Milford, MI 48381
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    • Contact for pricing

      Vacant Land for Sale

      Vacant land available for sale in Wixom, Michigan.
      250 Ninebark, Wixom, MI 48393
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    • Contact for pricing

      Wixom Industrial Land - Last Parcel Available

      M-2 Zoned Land, Outdoor Storage, I-96 Access
      0 Moviter Dr, Wixom, MI 48393
      View Details
    • $652,800

      Wixom Land for Development

      3.20 acres of commercial land available for development.
      4925 Holtz Dr, Wixom, MI 48393
      View Details
    • $2,501,730
      26,334 SF

      Freestanding Industrial Building with Mezzanine

      Industrial building featuring a mezzanine, grade-level doors, and truckwell.
      4955 Technical Dr, Milford, MI 48381
      View Details

    FAQs

    Where is this distribution property located?
    The property is located at 2100 Fyke Dr Milford Charter Township, MI.
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    2100 Fyke Dr Milford Charter Township, MI 48381
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    Milford Charter Township, MI 48381
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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.

    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
    2100 Fyke Dr Milford Charter Township, MI 48381
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