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    Property profile & analytics

    2100 Fyke Dr Milford Charter Township, MI 48381

    • Warehouses
    • 5,450 SF
    • 10.64 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5258694
    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

    • Warehouses

    Property Details for 2100 Fyke Dr

    Year built
    2000
    Lot size
    10.64 lot acres
    Property size
    5,450 SF
    Zone code
    II
    Property type
    Warehouses
    APN
    L -16-25-100-041
    APU
    L1625100041

    Description

    This exceptional 5,250-square-foot warehouse, situated at 2100 Fyke Dr in Milford Charter Township, Michigan, presents a rare opportunity for businesses seeking ample space and convenient access. The property boasts a prime location between the Milford and Wixom Road interchanges of I-96, ensuring effortless transportation and logistics. The single-tenant building features high ceiling clearance, facilitating efficient storage and operations. Four drive-in loading doors, including two drive-thru bays, provide exceptional ease of access for loading and unloading. The property also includes approximately two acres of outdoor storage space, adding significant value for contractors or businesses requiring additional yard space. The 22-acre lot provides ample room for expansion or future development. Zoned M-2 (Heavy Industrial), this property is perfectly suited for a variety of industrial uses. This free-standing building offers a unique combination of indoor and outdoor space, making it an ideal solution for contractors and businesses needing both warehouse and yard space. The property is located in Oakland County, Michigan, with a zip code of 48381. This is a rare opportunity to acquire a well-located, functional warehouse with significant outdoor storage in a thriving industrial area.

    Value Estimations

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5756
    Latitude
    42.5482
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,171
    $0.00
    $0.00
    $246,150
    -
    $0.00
    $0.00
    $492,300

    Comparable in this City

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      1400 Commerce St

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      2239 Fyke Dr

      WAREHOUSE, STORAGE • 13,892 SF
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      4,220 SF

      2739 Maple Rd

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    • Value Estimation
      $340,000
      6,752 SF

      4964 Technical Dr

      WAREHOUSE, STORAGE • 6,752 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,250 SF

      Milford Warehouse Space Available

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      2100 Fyke Dr, Milford, MI 48381
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    • Contact for pricing
      5,250 SF

      2100 Fyke Dr, Milford

      Distribution properties • 5,250 SF
      2100 Fyke Dr, Milford Charter Township, MI 48381
      View Details
    • $2,501,730
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      Freestanding Industrial Building with Mezzanine

      Industrial building featuring a mezzanine, grade-level doors, and truckwell.
      4955 Technical Dr, Milford, MI 48381
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    • $569,000

      Prime Milford Industrial Land

      8.2 Acres, Heavy Industrial Zoning
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    • $3,900,000
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      Prime Milford Commercial Land

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    • $6,795,000
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      Downtown Milford Retail Center

      Stabilized multi-tenant retail center in downtown Milford, Michigan.
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    Similar Nearby for Lease

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    • $8 SF/Yr
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      Industrial Space with Crane Access

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      2175 Fyke Dr, Milford, MI 48381
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      Milford Office & Medical Suites

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      Downtown Milford Medical Office

      11,800 SF Medical Office, Ample Parking
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    • $18 SF/Yr
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      Milford Medical Office Suites Available

      Modern medical office space, flexible suites.
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    • $21 SF/Yr
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      Milford Medical Office Building

      Modern medical office, fully vacant, 3,500 sq ft.
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      View Details
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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
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