Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20101-20109 Fenkell Ave Detroit, MI 48223

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20101-20109 Fenkell Ave Detroit, MI 48223

    View on Map
    • Warehouses
    • 17,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 20101-20109 Fenkell Ave

    Property size
    17,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 17,000-square-foot warehouse, located at 20101-20109 Fenkell Avenue in Detroit, Michigan, presents a compelling investment opportunity. Boasting a desirable M-4 zoning, this property offers significant potential for a variety of uses. The warehouse features a spacious interior with 13-foot clear ceilings, providing ample room for storage and operations. Convenient access is ensured by two grade-level loading doors. Ample parking is available with 98 paved spaces. The property also includes a 900-square-foot rear garage, adding to its versatility. Inside, you'll find 7,100 square feet of office space, ideal for administrative functions. The building is equipped with substantial power, featuring 1000 amps of heavy power. The asking price is $595,000, translating to $35 per square foot. This property is available immediately and situated in Wayne County, Michigan, with a zip code of 48223. Its prime location and extensive features make it an attractive option for businesses seeking a functional and well-equipped warehouse space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.239
    Latitude
    42.4005

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      13575 Auburn St

      Manufacturing properties • 8,400 SF
      13575 Auburn St, Detroit, MI 48223
      View Details
    • Value Estimation by Request
      10,772 SF

      23261 Fenkell Ave

      Distribution properties • 10,772 SF
      23261 Fenkell Ave, Detroit, MI 48223
      View Details
    • Value Estimation by Request
      8,500 SF

      13575 Auburn St

      Distribution properties • 8,500 SF
      13575 Auburn St, Detroit, MI 48223
      View Details
    • Value Estimation
      $18,005,000
      486,416 SF

      12701 Southfield Fwy

      DISTRIBUTION WAREHOUSE • 486,416 SF
      12701 Southfield Fwy, Detroit, MI 48223-3599
      View Details
    • Value Estimation
      $1,495,000
      44,265 SF

      15401 Dl St

      DISTRIBUTION WAREHOUSE • 44,265 SF
      15401 Dl St, Detroit, MI 48223-1037
      View Details
    • Value Estimation by Request
      12,871 SF

      19431 Glendale St

      WAREHOUSE, STORAGE • 12,871 SF
      19431 Glendale St, Detroit, MI 48223-3425
      View Details

    Similar Nearby for Sale

    • $350,000
      7,679 SF

      Detroit Commercial Building on Fenkell

      Spacious 8,000 SF commercial building in Detroit for sale.
      20650 Fenkell Ave, Detroit, MI 48223
      View Details
    • Contact for pricing
      10,772 SF

      Fenkell Avenue Commercial Opportunity

      High-traffic location suitable for showroom, retail, or warehouse use.
      23261 Fenkell Ave, Detroit, MI 48223
      View Details
    • $350,000

      Spacious Commercial Building on Fenkell

      8,000 SF commercial building in Detroit's Fenkell Corridor.
      20650 Fenkell Ave, Detroit, MI 48223
      View Details
    • $1,300,000

      Remodeled Multi-Use Commercial Building

      Turn-key event space with commercial kitchen and flexible layout.
      12869 W Artesian St, Detroit, MI 48223
      View Details
    • $1,500,000
      30,718 SF

      30,718 SF Warehouse For Sale

      30,718 SF warehouse/distribution building near I-96 and M39.
      12801 Auburn St, Detroit, MI 48223
      View Details
    • $650,000
      8,576 SF

      Detroit Industrial Opportunity For Sale

      Versatile industrial property with income, ideal for investors/owner-users.
      13501 Auburn St, Detroit, MI 48223
      View Details

    Similar Nearby for Lease

    • $3,362 /Mo

      Retail Space in Grandland Center

      Retail space available in a high-traffic shopping center.
      18618 Fenkell St, Detroit, MI 48223
      View Details
    • Contact for pricing

      Medical Office Space for Lease

      1900 SF medical office space in Grandmont/Rosedale community.
      18940 Schoolcraft, Detroit, MI 48223
      View Details
    • $2,500 /Mo

      Renovated Commercial Space in Detroit

      Newly renovated 2600 sq ft commercial space for rent.
      18416 Grand River Ave, Detroit, MI 48223
      View Details
    • $1,100 /Mo

      Retail Space in Grandland Center

      Retail space available in a high-traffic shopping center.
      18548 Fenkell St, Detroit, MI 48223
      View Details
    • $1,500 /Mo

      Retail Space Grandland Shopping Center

      Retail space in a high-traffic shopping center.
      18556 Fenkell St, Detroit, MI 48223
      View Details
    Request Owner's contact information
    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.
    20101-20109 Fenkell Ave
    Detroit, MI 48223
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!