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

    1183 Empire Ave Lincoln Park, MI 48146-2046

    • Warehouses
    • 2,588 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1849435
    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 1183 Empire Ave

    Lot size
    0.23 lot acres
    Property size
    2,588 SF
    Property type
    Warehouses
    APN
    45 001 04 0258 000
    APU
    45001040258000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1602
    Latitude
    42.2533
    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
    2019
    $2,100
    $0.00
    $0.00
    $93,800
    -
    $0.00
    $0.00
    $187,600

    Comparable in this City

    • 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
    • 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
      $875,000
      17,589 SF

      2055 Ft Park Blvd

      WAREHOUSE, STORAGE • 17,589 SF
      2055 Ft Park Blvd, Lincoln Park, MI 48146-2324
      View Details
    • Value Estimation
      $3,665,000
      61,200 SF

      1928 London Ave

      MINI-WAREHOUSE, STORAGE • 61,200 SF
      1928 London Ave, Lincoln Park, MI 48146-3402
      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
    • $990,000
      11,942 SF

      Lincoln Park Office Building - $990K

      High-traffic corner office, 11,942 SF.
      4089 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $750,000
      1,800 SF

      Dix Hwy Retail Building - Lincoln Park

      Turnkey Retail Space, High Visibility
      1327 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • $325,000
      4,000 SF

      Lincoln Park Retail Storefront For Sale

      Prime Retail Space, Newly Renovated, High Traffic
      1764 Fort St, Lincoln Park, MI 48146
      View Details
    • $209,900

      Lincoln Park Retail Opportunity

      Well-maintained 1,771 SF building with parking in Lincoln Park.
      3769 Fort St, Lincoln Park, MI 48146
      View Details
    • $99,990

      Established Liquidation Store For Sale

      Thriving liquidation store with loyal clientele and consistent sales.
      3732 Fort St, 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
    • $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
    • $2,000 /Mo
      2,300 SF

      Lincoln Park Retail Space For Rent

      Recently renovated standalone building with high visibility in Lincoln Park.
      1132 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $25 SF/Yr
      1,800 SF

      Dix Hwy Retail Space - Lincoln Park

      1800 SF Retail Space For Lease
      1327 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • Contact for pricing
      3,200 SF

      Lincoln Park Retail Space For Lease

      Prime retail space, high foot traffic.
      3170 Fort St, 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.
    1183 Empire Ave
    Lincoln Park, MI 48146-2046
    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.