Add Listing
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

    10148 Gratiot Ave Detroit, MI 48213-3211

    • Manufacturing properties
    • 167,364 SF
    • 8.40 lot acres
    OFF-MARKET
    Value Estimations
    $4,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0958752
    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

    • Foods Better Make Snack / Big Box & Wholesale Store / Food Market
    • Better Made Snack Foods / Big Box & Wholesale Store / Food Market

    Property Details for 10148 Gratiot Ave

    Year built
    1983
    Lot size
    8.40 lot acres
    Property size
    167,364 SF
    Zone code
    M2
    Property type
    Manufacturing properties
    APN
    19001601-7
    APU
    190016017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,623,000
      Market price range: $3.36M - $11.3M
      AI Estimate
      $4,139,000
      Market price range: $3.47M - $10.0M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,725,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0007
    Latitude
    42.3961
    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
    $55,172
    $0.00
    $0.00
    $1,653,600
    -
    $0.00
    $0.00
    $3,307,200

    Comparable in this City

    • Value Estimation
      $720,000
      23,672 SF

      10106 Grinnell St

      MANUFACTURING (LIGHT) • 23,672 SF
      10106 Grinnell St, Detroit, MI 48213-1142
      View Details
    • Value Estimation by Request
      4,768 SF

      11853 Wilfred St

      MANUFACTURING (LIGHT) • 4,768 SF
      11853 Wilfred St, Detroit, MI 48213-1395
      View Details
    • Value Estimation by Request
      1,500 SF

      11837 Harper Ave

      MANUFACTURING (LIGHT) • 1,500 SF
      11837 Harper Ave, Detroit, MI 48213-1699
      View Details
    • Value Estimation
      $1,105,000
      40,530 SF

      9455 Grinnell St

      MANUFACTURING (LIGHT) • 40,530 SF
      9455 Grinnell St, Detroit, MI 48213-1190
      View Details
    • Value Estimation by Request
      5,827 SF

      10039 Marcus St

      MANUFACTURING (LIGHT) • 5,827 SF
      10039 Marcus St, Detroit, MI 48213-3220
      View Details
    • Value Estimation by Request
      10,680 SF

      5718 Saint Jean St

      MANUFACTURING (LIGHT) • 10,680 SF
      5718 Saint Jean St, Detroit, MI 48213-3415
      View Details

    Similar Nearby for Sale

    • $199,900
      12,000 SF

      Freestanding Industrial Building Near Detroit Airport

      12,000 SF industrial building on 0.40 acres near I-94.
      8616 Grinnell St, Detroit, MI 48213
      View Details
    • $119,900
      4,013 SF

      Detroit Commercial Building For Sale

      Versatile commercial building in developing Detroit area, ideal for various uses.
      9926 Conner St, Detroit, MI 48213
      View Details
    • Contact for pricing
      65,000 SF

      Auto Salvage Licensed Property

      Licensed auto salvage yard with repair area and equipment.
      10000 French Rd, Detroit, MI 48213
      View Details
    • $180,000
      3,200 SF

      Commercial Space on Harper Avenue

      Versatile commercial space suitable for various business types.
      13127 Harper Ave, Detroit, MI 48213
      View Details
    • $229,900
      4,060 SF

      Versatile Commercial Property with Parking

      Adaptable commercial building suitable for warehousing or retail.
      8330 Harper Ave, Detroit, MI 48213
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      248,292 SF

      Detroit Industrial Lot - 5.7 Acres

      Massive industrial lot, ample parking, M-2 zoning.
      8611 Grinnell Ave, Detroit, MI 48213
      View Details
    • $2,500 /Mo
      3,924 SF

      Detroit Auto Shop For Rent

      Four-bay auto facility with parking and recent updates.
      13040 Harper Ave, Detroit, MI 48213
      View Details
    • Contact for pricing

      Shoemaker Street Commercial Property

      Commercial property available for rent on Shoemaker Street, Detroit.
      11400 Shoemaker St, Detroit, MI 48213
      View Details
    • Contact for pricing

      Harper Avenue Retail/Medical Space

      Retail or medical space available in neighborhood shopping district.
      9934 Harper Ave, Detroit, MI 48213
      View Details

    Property Visit Statistics

    • Visits by month
      10.9k
    • Visitors by month
      1.8k
    • Avg Time on site
      25 min
    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.
    10148 Gratiot Ave
    Detroit, MI 48213-3211
    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!