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    1100 8 Mile Rd Ferndale, MI 48220
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    Property profile & analytics

    1100 8 Mile Rd Ferndale, MI 48220

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    • Commercial real estate
    Off-Market
    Property ID
    US43-0024260
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1100 8 Mile Rd

    Property type
    Commercial real estate

    Description

    This recently renovated commercial space at 1100 W Eight Mile Rd, Unit 1, Ferndale, MI 48220, presents a fantastic opportunity for a carryout restaurant or commissary kitchen. Located at the highly visible intersection of Livernois and Eight Mile Road, boasting over 5,800 average daily vehicles, this property offers exceptional visibility and easy access to the Avenue of Fashion. The space features a fully equipped kitchen ideal for a small-scale operation, including a convenient walk-up window. The C-2 (General Commercial) zoning allows for a variety of uses, though the tenant will be responsible for securing all necessary City of Ferndale approvals and a Certificate of Occupancy. This single-tenancy property in Oakland County is perfect for entrepreneurs seeking a turnkey solution in a high-traffic area. The property is a carryout restaurant, specifically designed for efficiency and customer convenience. Its strategic location ensures high foot and vehicle traffic, maximizing potential customer reach. The existing kitchen infrastructure significantly reduces start-up costs and time, allowing for a quicker launch of operations. This is an exceptional opportunity to establish a thriving business in a vibrant and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.142476129138
    Latitude
    42.446679885542

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      Turnkey Bakery Space on Woodward

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      Charming Retail/Office Storefront in Ferndale

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      Ferndale Warehouse with Renovated Office

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      Retail Space on Woodward Avenue

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      Ferndale Restaurant Investment Opportunity

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      Mixed-Use Property in Ferndale, MI

      Mixed-use property offering residential and commercial opportunities in Ferndale.
      695 Livernois St, Ferndale, MI 48220
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      Developing Livernois Corridor Investment Opportunity

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      Mixed-Use Property in Ferndale, MI

      Mixed-use property offering residential and commercial opportunities in Ferndale.
      695 Livernois St, Ferndale, MI 48220
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      Mixed-Use Property in Ferndale, MI

      Multi-unit property with residential and commercial opportunity in Ferndale.
      695 Livernois St, Ferndale, MI 48220
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      Ferndale Retail Space For Sale

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      Prominent corner location in Ferndale with flexible space options.
      22757 Woodward Ave, Ferndale, MI 48220
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      Retail/Restaurant Space For Lease

      Retail or restaurant space available for lease.
      23131 Woodward Ave, Ferndale, MI 48220
      View Details
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      1,354 SF

      Turnkey Bakery Space on Woodward

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      Ferndale Warehouse with Renovated Office

      Light industrial building for lease with renovated office space.
      1521 E 8 Mile Rd, Hazel Park, MI 48220
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      Retail Space on Woodward Avenue

      Retail space for lease near Detroit's Gateway Marketplace.
      22304 Woodward Ave, Ferndale, MI 48220
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    Property Visit Statistics

    • Visits by month
      10.5k
    • Visitors by month
      7.3k
    • Avg Time on site
      8 min
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    Ferndale, MI 48220
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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.

    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.

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