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

    1751 Warren Ave Detroit, MI 48208

    • Commercial real estate
    For Sale
    View listing
    $119,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0324332
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cheap Commericial Auto & Truck Insurance / Auto Insurance Agency

    Property Details for 1751 Warren Ave

    Property type
    Commercial real estate

    Description

    This exceptional offering encompasses two adjacent vacant land parcels totaling 67 feet of frontage on West Warren Avenue in Detroit's desirable Woodbridge neighborhood. Strategically positioned between Avery and Rosa Parks, these lots boast an R3 zoning classification, permitting the construction of single-family homes, multi-family dwellings, townhouses, or community facilities. Owners of owner-occupied homes may benefit from the NEZ-Homestead neighborhood property tax abatement. The property's prime location offers unparalleled access to a vibrant array of amenities, including acclaimed restaurants and bars, Wayne State University, and the city's bustling downtown core. Its proximity to Midtown, Corktown, and Core City further enhances its desirability. Convenient access to major highways adds to its appeal. Both 1751 and 1757 West Warren Avenue are included in this sale. To facilitate a smooth transaction, the seller will provide a Phase I Environmental assessment and a survey, ensuring comprehensive due diligence for potential buyers. This presents a compelling investment opportunity within Detroit's dynamic real estate market. The asking price for this combined property is $119,900. The address is 1751 W Warren Ave, Detroit, MI 48208.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.081994
    Latitude
    42.350706

    Comparable in this City

    • $750,000

      Detroit Woodbridge Townhome Development Site

      10,019 SF Residential Land, Ready to Build
      4515 Trumbull St, Detroit, MI 48208
      View Details
    • $390,000
      0.78 Acres

      Woodbridge Land Portfolio: Detroit

      Prime Detroit land, multiple sizes, development potential.
      4438 Grand River Ave, Detroit, MI 48208
      View Details
    • $30,000
      0.28 Acres

      Detroit Residential Land - $30K

      0.28-acre R2 zoned lot, build 1-2 family homes.
      5203 16Th St, Detroit, MI 48208
      View Details
    • $60,000
      0.12 Acres

      Detroit Land Investment Opportunity

      Three parcels for sale in a developing Detroit community.
      4454 15Th St, Detroit, MI 48208
      View Details
    • $450,000

      Detroit Duplex Built in 2023

      New duplex near Corktown, ideal for investors or owner-occupants.
      3714 23Rd St, Detroit, MI 48208
      View Details
    • $509,000
      0.17 Acres

      Detroit Multifamily Investment Opportunity

      Four-unit property in Woodbridge, generating $3,065 monthly.
      1531 W Warren Ave, Detroit, MI 48208
      View Details

    Similar Nearby for Sale

    • $750,000

      Detroit Woodbridge Townhome Development Site

      10,019 SF Residential Land, Ready to Build
      4515 Trumbull St, Detroit, MI 48208
      View Details
    • $390,000
      0.78 Acres

      Woodbridge Land Portfolio: Detroit

      Prime Detroit land, multiple sizes, development potential.
      4438 Grand River Ave, Detroit, MI 48208
      View Details
    • $30,000
      0.28 Acres

      Detroit Residential Land - $30K

      0.28-acre R2 zoned lot, build 1-2 family homes.
      5203 16Th St, Detroit, MI 48208
      View Details
    • $60,000
      0.12 Acres

      Detroit Land Investment Opportunity

      Three parcels for sale in a developing Detroit community.
      4454 15Th St, Detroit, MI 48208
      View Details
    • $450,000

      Detroit Duplex Built in 2023

      New duplex near Corktown, ideal for investors or owner-occupants.
      3714 23Rd St, Detroit, MI 48208
      View Details
    • $375,000
      0.16 Acres

      Detroit Multifamily Redevelopment Opportunity

      10-unit multifamily property near Downtown Detroit, ready for redevelopment.
      1796 W Grand Blvd, Detroit, MI 48208
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      8,000 SF

      Former Doctor's Office For Rent

      8,000 SF retail or medical office space with fenced lot.
      1799 E Grand Blvd, Detroit, MI 48208
      View Details
    • $7 SF/Yr
      11,505 SF

      Industrial Space with Buss Duct

      Industrial space available for lease, featuring a buss duct.
      5159 Loraine St, Detroit, MI 48208
      View Details
    • $2.00 SF/Yr
      26,741 SF

      Gated Lot Zoned M4

      Gated lot available for rent, zoned M4.
      5089 W Grand River Ave, Detroit, MI 48208
      View Details
    • $2.00 SF/Yr
      20,000 SF

      Former Grocery Store Available

      20,000 SF retail space, formerly a grocery store.
      5181 W Grand River Ave, Detroit, MI 48208
      View Details
    • $3,000 /Mo
      2,034 SF

      Corktown Commercial Property For Rent

      Prime commercial property in Corktown, perfect for restaurant or store.
      3406 Tillman St, Detroit, MI 48208
      View Details
    • $7 SF/Yr
      39,087 SF

      Warehouse with Showroom and Office

      Warehouse space with showroom and office in Detroit, MI.
      5151 Loraine St, Detroit, MI 48208
      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.
    1751 Warren Ave
    Detroit, MI 48208
    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.

    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
    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.