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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Manufacturing properties
17315 Ryan Rd, Hamtramck, MI 48212-1115
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-1374427
Property summary
AI-generated overview
This exceptional 16,336-square-foot warehouse, located at 17315 Ryan Road in Hamtramck, Michigan, presents a significant opportunity for industrial businesses. Situated on a 0.64-acre lot, this single-story building boasts an impressive 18-foot ceiling height, providing ample vertical space for storage and operations. Built in 1953, the property is zoned M-3 General Industrial, allowing for a wide range of uses. The warehouse features convenient access with two dock-high doors and one loading dock, ensuring efficient loading and unloading of goods. The property is entirely vacant, offering immediate occupancy for a new tenant. Its strategic location at the intersection of E McNichols Road and Ryan Road in Wayne County, with a zip code of 48212, provides excellent accessibility and visibility. The property's APN is 13021043-9. This is a rare opportunity to secure a substantial industrial space in a prime location. The property's size and features make it ideal for a variety of industrial uses, offering significant potential for growth and success. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1953
Total area
16,336 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M3
APN
13021043-9
UPID
US43-1374427
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$510k
Owner & transaction history
Metropolitan Alloys Corporation · 3 yrs held
Metropolitan Alloys Corporation
since 2023
2 recorded transactions
Zoning & alternative use
M3 · Hamtramck, 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 Hamtramck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamtramck 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)
$825,000
Current use
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$31 / 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
$7,217
Tax year 2023
Assessed value
$166,000
Assessed 2024
Previous assessed
$166,000
+0.0% YoY
Effective rate
4.35%
On assessed value
Total market value
$332,000
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
1953
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
16,336 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M3
APN
13021043-9
UPID
US43-1374427
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M3 · Hamtramck, MI
Zoning M3 · permitted uses
M3 · Hamtramck, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamtramck. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$825,000
INDUSTRIAL (GENERAL) Current
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
1953
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Metropolitan Alloys Corporation
Entity
Free & Clear · 3 yrs held
Mailing address
17385 RYAN RD, DETROIT, MI 48212-1115
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
—
Metropolitan Alloys Corporation
17315 Ryan Road LLC
Warranty Deed
—
Sep 14, 2012
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax 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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