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

    1578 Howard Ave Lincoln Park, MI 48146

    • Warehouses
    • 446,101 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1578 Howard Ave

    Property size
    446,101 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional multi-tenant warehouse, located at 1578-1732 Howard Avenue in Wayne County, offers 446,101 square feet of space, with a minimum divisible unit of 13,162 square feet and a maximum contiguous space of 86,000 square feet. The property boasts 234,204 square feet of vacant space currently available for lease. The building features impressive ceiling heights ranging from 15 to 40 feet, and includes 12 loading docks for efficient operations. Power is robust, with 10000 amps, 440 volts, 3-phase heavy power available throughout. The property sits on a 1.879-acre lot and is zoned for industrial use. Its prime location offers easy access to I-75 and is conveniently located just 10 miles from the Detroit Metropolitan Wayne County Airport via I-94. The lease rate is $4.95 per square foot, NNN. This is a great opportunity for businesses seeking distribution and warehousing space in a strategic location with excellent access to major transportation routes. The property includes four vacant lots on the east side of Howard Street.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1806
    Latitude
    42.257

    Comparable in this City

    • Value Estimation
      $2,075,000
      31,562 SF

      1750 Southfield Rd

      DISTRIBUTION WAREHOUSE • 31,562 SF
      1750 Southfield Rd, Lincoln Park, MI 48146-2246
      View Details
    • Value Estimation
      $515,000
      7,861 SF

      1850 Southfield Rd

      DISTRIBUTION WAREHOUSE • 7,861 SF
      1850 Southfield Rd, Lincoln Park, MI 48146-2248
      View Details
    • Value Estimation by Request
      1,600 SF

      25060 Outer Dr

      WAREHOUSE, STORAGE • 1,600 SF
      25060 Outer Dr, Lincoln Park, MI 48146-1241
      View Details
    • Value Estimation
      $785,000
      17,666 SF

      1280 John A Papalas Dr

      WAREHOUSE, STORAGE • 17,666 SF
      1280 John A Papalas Dr, Lincoln Park, MI 48146-1356
      View Details
    • Value Estimation
      $4,945,000
      128,556 SF

      1782 Howard St

      MINI-WAREHOUSE, STORAGE • 128,556 SF
      1782 Howard St, Lincoln Park, MI 48146-1715
      View Details
    • Value Estimation by Request
      8,910 SF

      1032 Southfield Rd

      WAREHOUSE, STORAGE • 8,910 SF
      1032 Southfield Rd, Lincoln Park, MI 48146-2604
      View Details

    Similar Nearby for Sale

    • $100,000

      Renovated Commercial Space on Fort

      1,400 sq ft commercial space in high-traffic location.
      2962 Fort St, Lincoln Park, MI 48146
      View Details
    • $200,000
      4,300 SF

      Lincoln Park Medical Office Building

      4,300 SF Medical Office - $200K
      1336 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $1,120,000
      1.52 Acres

      Lincoln Park Commercial Land - MX-2 Zoning

      1.52 Acres, Prime Location, Development Ready
      3574 Fort St, Lincoln Park, MI 48146
      View Details
    • $500,000
      3,128 SF

      Redevelopment Opportunity in Lincoln Park

      Redevelopment opportunity featuring 3,128 SF building on 0.30 acres.
      1055 Fort St, Lincoln Park, MI 48146
      View Details
    • $175,000

      Solid Brick Duplex in Lincoln

      Well-maintained duplex with reliable tenants and income potential.
      819 Frank Ave, Lincoln Park, MI 48146
      View Details
    • $300,000

      Commercial Property with Versatile Zoning

      Prime location suitable for various commercial endeavors and investors.
      986 Southfield Rd, Lincoln Park, MI 48146
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      3,750 SF

      Fort Street Warehouse - Prime Location

      Spacious Warehouse, High Visibility, Ample Parking
      2070 Fort St, Lincoln Park, MI 48146
      View Details
    • $4 SF/Yr
      251,081 SF

      Lincoln Park Industrial Flex Space

      Large Flex Space Available, 62,000-128,000 SF
      1705-1737 Cicotte Ave, Lincoln Park, MI 48146
      View Details
    • $5 SF/Yr
      195,609 SF

      Lincoln Park Plaza: Office & Retail

      Prime Lincoln Park commercial space. Multiple suites available.
      3574-3760 Fort St, Lincoln Park, MI 48146
      View Details
    • $1,200 /Mo
      1,000 SF

      Commercial Space on Southfield Road

      1,000 sq ft commercial space in Lincoln Park, Michigan.
      1116 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $35 SF/Yr
      73,966 SF

      Retail Development at Major Intersection

      New retail development with high visibility and easy highway access.
      2100 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $35 SF/Yr
      100,989 SF

      Lincoln Park Retail Space Available

      High-Visibility Retail Space in Lincoln Park, MI
      2100 Southfield Rd, Lincoln Park, MI 48146
      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.
    1578 Howard Ave
    Lincoln Park, MI 48146
    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.