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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2080 14th Mile Rd Warren, MI 48092-1065

    • Drive through restaurants
    • 832 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1421537
    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

    • Erma's Original Frozen Custard / Ice Cream Shop / Frozen Dessert Supplier

    Property Details for 2080 14th Mile Rd

    Year built
    1960
    Lot size
    0.86 lot acres
    Property size
    832 SF
    Zone code
    M-2
    Property type
    Drive through restaurants
    APN
    12-13-06-101-002
    APU
    121306101002

    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
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0857
    Latitude
    42.5344
    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
    $6,723
    $0.00
    $0.00
    $101,150
    -
    $0.00
    $0.00
    $202,300

    Comparable in this City

    • Value Estimation by Request
      3,472 SF

      28039 Mound Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,472 SF
      28039 Mound Rd, Warren, MI 48092-2633
      View Details
    • Value Estimation by Request
      4,524 SF

      4240 14th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,524 SF
      4240 14th Mile Rd, Warren, MI 48092-4325
      View Details
    • Value Estimation by Request
      2,138 SF

      28840 Dequindre Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,138 SF
      28840 Dequindre Rd, Warren, MI 48092-2466
      View Details
    • Value Estimation by Request
      4,000 SF

      31690 Mound Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,000 SF
      31690 Mound Rd, Warren, MI 48092-4739
      View Details
    • Value Estimation by Request
      3,947 SF

      28959 Mound Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,947 SF
      28959 Mound Rd, Warren, MI 48092-5513
      View Details
    • Value Estimation by Request
      1,356 SF

      28697 Mound Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,356 SF
      28697 Mound Rd, Warren, MI 48092-5509
      View Details

    Similar Nearby for Sale

    • $99,000

      Established Retail Business Opportunity

      Profitable retail business with beer and wine license for sale.
      7220 12 Mile Rd, Warren, MI 48092
      View Details
    • $74,900

      High-Traffic Retail Opportunity in Warren

      Retail property with high visibility and strong income potential.
      31850 Ryan Rd, Warren, MI 48092
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    • $500,000
      6,207 SF

      Turn-Key Banquet Hall For Sale

      Banquet hall for sale, ideal for events and hospitality.
      7231 Chicago Rd, Warren, MI 48092
      View Details
    • $4,641,034
      34,150 SF

      Retail Property in Warren, MI

      Retail property available for sale in Warren, Michigan.
      4235 E 12 Mile Rd, Warren, MI 48092
      View Details
    • $389,900
      1,797 SF

      Warren Office Space For Sale

      Office space available for purchase in Warren, Michigan.
      32520 Mound Rd, Warren, MI 48092
      View Details
    • Contact for pricing

      Government Leased Facility For Sale

      53,900 SF office building 100% leased to U.S. Government.
      Warren, MI 48092
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      8,881 SF

      Heritage Village Square Retail Space

      Warren, MI: Prime Retail Opportunity
      30207 Mound Rd, Warren, MI 48092
      View Details
    • Contact for pricing
      3,148 SF

      Turn-Key Restaurant Opportunity

      Restaurant space available in a newly constructed retail center.
      30207-30229 Mound Rd, Warren, MI 48092
      View Details
    • Contact for pricing
      6,000 SF

      Prime Warren Retail Space

      Former Bank, 6,000 SF, Drive-Thru
      2100 Twelve Mile Rd, Warren, MI 48092
      View Details
    • $25 SF/Yr
      18,366 SF

      Village Plaza Retail Space Available

      Warren, MI: Prime Retail Outlots For Lease
      5815 Thirteen Mile Rd, Warren, MI 48092
      View Details
    • $17 SF/Yr
      4,800 SF

      Prime Retail Space, 14 Mile Rd

      High-traffic retail center, Macomb County.
      2830 14 Mile Rd, Warren, MI 48092
      View Details
    • $3,000 /Mo
      6,640 SF

      Retail Space on Ryan Road

      End-cap retail unit with high visibility on busy corner.
      31850 Ryan Rd, Warren, MI 48092
      View Details

    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      3.6k
    • Avg Time on site
      12 min
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    2080 14th Mile Rd
    Warren, MI 48092-1065
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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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