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

    1601 Grand Blvd Detroit, MI 48211-3143

    • Industrial properties
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0369595
    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

    • Vive Cannabis Co / Cannabis Store
    • Golden Urban Leaf / Cannabis Store

    Property Details for 1601 Grand Blvd

    Lot size
    0.60 lot acres
    Zone code
    M4
    Property type
    Industrial properties
    APN
    15000590.002L
    APU
    15000590002L

    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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0288
    Latitude
    42.3773
    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
    $28,172
    $0.00
    $0.00
    $294,000
    -
    $0.00
    $0.00
    $588,000

    Comparable in this City

    • Value Estimation by Request
      4.74 Acres

      6051 Hastings St

      INDUSTRIAL (GENERAL) • 4.74 Acres
      6051 Hastings St, Detroit, MI 48211-2105
      View Details
    • Value Estimation by Request
      1.35 Acres

      6280 Hastings St

      INDUSTRIAL (GENERAL) • 1.35 Acres
      6280 Hastings St, Detroit, MI 48211
      View Details
    • Value Estimation
      $3,425,000
      87,896 SF

      1100 Woodland St

      INDUSTRIAL (GENERAL) • 87,896 SF
      1100 Woodland St, Detroit, MI 48211-1080
      View Details
    • Value Estimation
      $4,330,000
      212,375 SF

      6400 Mt Elliott St

      INDUSTRIAL (GENERAL) • 212,375 SF
      6400 Mt Elliott St, Detroit, MI 48211-2455
      View Details
    • Value Estimation
      $735,000
      36,100 SF

      1497 Grand Blvd

      INDUSTRIAL LOFT BUILDING • 36,100 SF
      1497 Grand Blvd, Detroit, MI 48211-3451
      View Details
    • Value Estimation
      $680,000
      33,393 SF

      5847 Concord St

      INDUSTRIAL (GENERAL) • 33,393 SF
      5847 Concord St, Detroit, MI 48211-3237
      View Details

    Similar Nearby for Sale

    • $300,000
      10,668 SF

      7615 Girardin St, Detroit, MI 48211

      Industrial properties • 10,668 SF
      7615 Girardin St, Detroit, MI 48211
      View Details
    • $675,000
      87,000 SF

      Albert Kahn Industrial Building

      87,000 SF Detroit Warehouse, $675K
      5151 Bellevue St, Detroit, MI 48211
      View Details
    • $1,500,000
      528,681 SF

      Detroit Warehouse: 528,681 SF

      Massive Detroit warehouse, redevelopment opportunity.
      1921 Ferry St, Detroit, MI 48211
      View Details
    • Contact for pricing
      166,041 SF

      Grand Blvd Industrial Portfolio

      Detroit Flex & Warehouse Investment
      1600 Grand Blvd, Detroit, MI 48211
      View Details
    • Contact for pricing
      166,041 SF

      Detroit Warehouse Value-Add Opportunity

      166,041 SF Warehouse, 10% Cap Rate
      1600-1634 Grand Blvd, Detroit, MI 48211
      View Details
    • $774,900
      3,000 SF

      Detroit Commercial/Industrial Opportunity

      Renovated commercial space with flexible configurations in Detroit.
      6537 Hastings St, Detroit, MI 48211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,500 SF

      Industrial Building Near Auto Plants

      51,500 SF industrial building with rail access and grade-level doors.
      6530 E Palmer St, Detroit, MI 48211
      View Details
    • New
      $800 /Mo
      165,712 SF

      Detroit Industrial Creative Hub Space

      Flexible spaces for creative studios, light industrial, and more.
      1600 Clay St, Detroit, MI 48211
      View Details
    • Contact for pricing
      184,738 SF

      Grand Blvd Detroit Office/Warehouse

      Detroit Office & Warehouse Space Available
      1600-1634 Grand Blvd, Detroit, MI 48211
      View Details
    • $3,500 /Mo
      3,000 SF

      Clean Shop Space For Rent

      Well-located, clean shop space available for lease.
      5900 Mount Elliott St, Detroit, MI 48211
      View Details
    • $695,000
      10,000 SF

      Warehouse with Freeway Access

      Warehouse building featuring truckwell and drive-in overhead door.
      6338 Lambert St, Detroit, MI 48211
      View Details
    • $3 SF/Yr
      1,100,000 SF

      Detroit North End Warehouse Complex

      Historic warehouse complex in Detroit's North End neighborhood.
      1600 Clay St, Detroit, MI 48211
      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.
    1601 Grand Blvd
    Detroit, MI 48211-3143
    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.