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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Manufacturing properties
13639 Elmira St, Detroit, MI 48227-3015
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3567103
Property summary
AI-generated overview
This exceptional 41,952-square-foot industrial property, located at 13639 Elmira St, Detroit, MI 48227, presents a unique investment opportunity. The single-story building, constructed in 1931 and renovated in 1980, sits on a 1.73-acre lot and boasts a versatile layout suitable for various industrial uses. Previously a Detroit Bikes manufacturing facility, the property features key assets including one grade-level and one dock-high loading dock, 45 on-site parking spaces, and ceiling heights ranging from 10 to 22 feet. The building is equipped with heavy power (220 volts/3-phase) and on-site paint booths, adding to its functionality. Its strategic location in Detroit's West Submarket offers easy access to major transportation arteries like I-96 and the Southfield Freeway, making it ideal for owner-users. The property is currently vacant and zoned M4, offering flexibility for a variety of industrial operations. The asking price is $1,150,000, translating to $27.41 per square foot. This is a NNN lease property.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Total area
41,952 SF
Lot
1.14 ac (49,658 SF)
Zoning code
M4
APN
22004792-3
UPID
US43-3567103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Detroit Bikes Industrial Manufacturer Production Facility
-
Detroit Powder Coating Powder Coating Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$910k
Owner & transaction history
Nahla Hachem Real Estate LLC · 1 yrs held
Nahla Hachem Real Estate LLC
since 2025
6 recorded transactions
Zoning & alternative use
M4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$22 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,973
Tax year 2023
Assessed value
$340,800
Assessed 2024
Previous assessed
$340,800
+0.0% YoY
Effective rate
3.22%
On assessed value
Total market value
$681,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
41,952 SF
Lot
1.14 ac (49,658 SF)
Zoning code
M4
APN
22004792-3
UPID
US43-3567103
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M4 · Detroit, MI
Zoning M4 · permitted uses
M4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Nahla Hachem Real Estate LLC
Entity
Mailing address
51 W BOSTON BLVD, DETROIT, MI 48202-1403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
Nahla Hachem Real Estate LLC
Elmira Enterprises LLC
Deed
—
Aug 2, 2021
—
Detroit Bikes LLC
—
Deed
related
$100,000 · Detroit Development Fund
Jul 5, 2016
—
Detroit Bikes LLC
—
Deed
related
$550,000 · Other Institutional Lenders
Jul 16, 2012
$525,000
Lsd Properties LLC
Goog Properties INC
Warranty Deed
—
Jul 16, 2012
—
Detroit Bikes LLC
Lsd Properties LLC
Warranty Deed
related
—
—
—
Detroit Bikes LLC
—
Deed Of Trust
related
$550,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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