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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Industrial properties
1652 Ft St Detroit, MI 48216-1762
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1367226
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1925
Total area
47,107 SF
Lot
0.63 ac (27,443 SF)
Zoning code
M4
APN
08000049-50
UPID
US43-1367226
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
-
Coat Factory Lofts Apartment Building Apartment Rental Agency
-
Loft Apartment Building
-
De Cinema Inc Photography Service (Bike/Boat/Book/etc) Store
-
Yum Delish- Gourmet Dipped Fruit and Sweet Treats Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.25M
Owner & transaction history
Fort Properties LLC · 1 yrs held
Fort Properties LLC
since 2024
6 recorded transactions
Zoning & alternative use
M4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.6M
+88.6%
Retail stores
$3.3M
+72.0%
Medical building
$3.0M
+56.8%
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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,895,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,570,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$3,255,000
Change: +72% · Conversion: Moderate
MEDICAL BUILDING
$2,970,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$2,905,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±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
$48 / 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
$24,870
Tax year 2023
Assessed value
$848,200
Assessed 2024
Previous assessed
$848,200
+0.0% YoY
Effective rate
2.93%
On assessed value
Total market value
$1,696,400
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1925
Heating
FORCED AIR
Buildings
3
Stories
3
Total area
47,107 SF
Lot
0.63 ac (27,443 SF)
Zoning code
M4
APN
08000049-50
UPID
US43-1367226
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
FORCED AIR
Stories
3
Buildings
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
Fort Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
743 BEAUBIEN ST STE #201, DETROIT, MI 48226-2943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Dec 6, 2024
$575,000
Fort Properties LLC
Reed Sportswear Manufacturing Compa
Warranty Deed
—
Jun 25, 2015
—
Fort Properties LLC
Hideaway Hills Mobile Hm Park
Quit Claim Deed
related
—
Nov 15, 2013
—
Hills Mobile Hm Park Hideaway
Fort Properties LLC
Quit Claim Deed
—
Apr 28, 2008
—
Reed Sportswear Mfg Co
Silver,ross A
Quit Claim Deed
related
—
Apr 17, 2008
—
Reed Sportswear Mfg Co
Reed,eda
Quit Claim Deed
related
—
Apr 10, 2008
—
Fort Properties LLC
Reed Sportswear Mfg
Grant Deed
related
—
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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