Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14213 Whitcomb St Detroit, MI 48227-2126
    Property profile & analytics

    14213 Whitcomb St, Detroit, MI 48227-2126

    View on Map
    • Commercial real estate
    • 1.26 lot acres
    Off-Market
    Last Sale Aug 12, 2020
    $568,000
    Property ID
    US43-1562002
    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
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Calvary Community Church / Church

    Property Details for 14213 Whitcomb St

    Lot size
    1.26 lot acres
    Zone code
    B3
    Property type
    Commercial real estate
    APN
    22048064-6
    APU
    220480646

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 12, 2020 $568,000 Olivet Assembly INC Michigan District Of The Lutheran C Warranty Deed —
    Jun 26, 2020 — Olivet Assembly INC — Deed · related $398k · Chemical Bank
    Feb 16, 2016 — Michigan District Of Lutheran Chu Holy Cross Evangelical Luthera Warranty Deed · related —
    Mar 11, 2015 — Olivet Assembly INC|holy Cross Evangelical Luthera Holy Cross Evangelical Luthera Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1968
    Latitude
    42.3913
    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
    2020
    $11,121
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,761 SF

      12932 Schoolcraft St

      COMMERCIAL (GENERAL)
      12932 Schoolcraft St, Detroit, MI 48227-3912
      View Details
    • Value Estimation by Request
      480 SF

      13043 Puritan St

      COMMERCIAL (GENERAL)
      13043 Puritan St, Detroit, MI 48227-4021
      View Details
    • Value Estimation by Request
      12,698 SF

      13018 Fenkell Ave

      Retail properties & Spaces
      13018 Fenkell Ave, Detroit, MI 48227
      View Details
    • Value Estimation by Request

      12945 Puritan Ave

      Land
      12945 Puritan Ave, Detroit, MI 48227
      View Details
    • Value Estimation
      $1,230,000
      15,600 SF

      14804 Grand Riv Ave

      SHOW ROOM, WAREHOUSE
      14804 Grand Riv Ave, Detroit, MI 48227-2544
      View Details
    • Value Estimation
      $525,000
      3,800 SF

      10031 Greenfield Rd

      COMMERCIAL (GENERAL)
      10031 Greenfield Rd, Detroit, MI 48227-2035
      View Details

    Similar Nearby for Sale

    • $335,000
      4,000 SF

      Detroit Commercial Property For Sale

      Versatile 4,000 sq. ft. commercial property in Detroit, MI.
      12712 Plymouth Rd, Detroit, MI 48227
      View Details
    • $399,999
      6,851 SF

      Detroit Redevelopment Opportunity on Grand River

      High-traffic location on Grand River, ideal for redevelopment or revamp.
      13633 Grand River Ave, Detroit, MI 48227
      View Details
    • $399,999
      9,164 SF

      Detroit Office Building on Grand River

      Classic brick office building with value-add opportunity on high-traffic corridor.
      16625 Grand River Ave, Detroit, MI 48227
      View Details
    • $989,000
      6,108 SF

      Detroit Commercial/Industrial Multi-Use Property

      Versatile commercial and industrial property in Detroit, ideal for redevelopment.
      12700 Schaefer Hwy, Detroit, MI 48227
      View Details
    • Contact for pricing
      3,600 SF

      Detroit Event Hall For Sale

      3,600 SF event hall, church, or lodge in Detroit.
      13801 Fenkell Ave, Detroit, MI 48227
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      44,000 SF

      Schaefer Hwy Industrial Building

      44,000 SF Detroit Industrial Space
      14225 Schaefer Hwy, Detroit, MI 48227
      View Details
    • $3,305 /Mo

      Prime Retail Suite For Lease

      3,000 SF retail suite in a high-traffic Detroit location.
      13427 Schaefer Hwy, Detroit, MI 48227
      View Details
    • Contact for pricing

      Industrial Land Ready For Redevelopment

      High-traffic location near I-96, suitable for redevelopment or revamp.
      13633 Grand River Ave, Detroit, MI 48227
      View Details
    • $15 SF/Yr
      14,762 SF

      Schaefer Square Plaza Retail Space

      High-traffic retail space, Detroit. Excellent visibility.
      13427 Schaefer Hwy, Detroit, MI 48227
      View Details
    • $1,000 /Mo
      12,617 SF

      Detroit Office Space for Rent

      Office space with Detroit address, utilities included, kitchen, bathroom.
      15735 Schaefer Rd, Detroit, MI 48227
      View Details
    • $2,000 /Mo

      Industrial Land For Lease

      High-traffic location near I-96 with redevelopment potential.
      13633 Grand River Ave, Detroit, MI 48227
      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.
    14213 Whitcomb St
    Detroit, MI 48227-2126
    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

    Thank You for Inquiry
    14213 Whitcomb St, Detroit, MI, 48227
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!