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    Property profile & analytics

    18600 Malyn Blvd Fraser, MI 48026-3496

    • Industrial properties
    • 18,361 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1107652
    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

    • Healthmark Industries Co. / Hospital Equipment And Supplies

    Property Details for 18600 Malyn Blvd

    Year built
    2018
    Lot size
    2.44 lot acres
    Property size
    18,361 SF
    Zone code
    IC
    Property type
    Industrial properties
    APN
    03-11-32-278-001
    APU
    31132278001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,186,000
      Market price range: $757k - $1.19M
      AI Estimate
      $1,186,000
      Market price range: $757k - $1.19M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,000,000
      Current use
      RETAIL STORES
      $1,915,000
      Change: +92% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,890,000
      Change: +89% Conversion: Difficult
      OFFICE BUILDING
      $1,740,000
      Change: +74% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,580,000
      Change: +58% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,240,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9311
    Latitude
    42.5498
    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
    2022
    $48,451
    $0.00
    $0.00
    $920,000
    -
    $0.00
    $0.00
    $1,840,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      10,100 SF

      33419 Kelly Rd

      Distribution properties • 10,100 SF
      33419 Kelly Rd, Fraser, MI 48026
      View Details
    • Value Estimation by Request

      34152 Doreka

      INDUSTRIAL (GENERAL)
      34152 Doreka, Fraser, MI 48026-3434
      View Details
    • Value Estimation by Request

      18559 Malyn Blvd

      INDUSTRIAL (GENERAL)
      18559 Malyn Blvd, Fraser, MI 48026-1606
      View Details
    • Value Estimation by Request
      3,176 SF

      31071 Fraser Dr

      INDUSTRIAL (GENERAL) • 3,176 SF
      31071 Fraser Dr, Fraser, MI 48026-2504
      View Details
    • Value Estimation
      $1,865,000
      36,800 SF

      33133 Groesbeck Hwy

      INDUSTRIAL (GENERAL) • 36,800 SF
      33133 Groesbeck Hwy, Fraser, MI 48026-1596
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,100 SF

      Industrial Property For Sale/Lease

      Multi-tenant industrial property available for lease or sale.
      33419 Kelly Rd, Fraser, MI 48026
      View Details
    • $970,000

      Freestanding Industrial Building with Office

      12,100 SF industrial building with office space for sale.
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      Fraser Industrial Building For Sale

      5,089 SF industrial building with fenced lot in Fraser.
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    • $2,500,000

      Renovated Industrial Buildings with Yard

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      51,842 SF

      Fraser Warehouse Property for Sale

      51,842 SF warehouse/industrial property in Fraser, Michigan.
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    • $1,225,000
      15,440 SF

      Fraser Warehouse Investment Opportunity

      15,440 SF Industrial Warehouse For Sale
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Facility with Expansion Potential

      9,200 SF industrial facility with truckwell and expansion potential.
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      14,400 SF

      Fraser Warehouse with Expansion Potential

      14,400 SF warehouse on 1.12 acres, expansion possible.
      33891 Doreka, Fraser, MI 48026
      View Details
    • $8 SF/Yr
      5,460 SF

      Fraser Flex/Industrial Space Available

      Flex/Industrial space available for lease in Fraser, Michigan.
      32205 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • Contact for pricing

      Retail Space with Warehouse

      Retail space with warehouse area, available January 1, 2026.
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      View Details
    • Contact for pricing
      3,107 SF

      Fraser Warehouse with Groesbeck Frontage

      3,107 SF warehouse/manufacturing space with office for lease.
      33755-33789 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • Contact for pricing

      Versatile Space on Groesbeck Highway

      Adaptable commercial space suitable for office, retail, medical, or warehouse.
      33080-33196 Groesbeck Hwy, Fraser, MI 48026
      View Details
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    Fraser, MI 48026-3496
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    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
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