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    Property profile & analytics

    20900 Dequindre Rd Warren, MI 48091-2211

    • Outlet malls
    • 103,600 SF
    • 8.36 lot acres
    OFF-MARKET
    Value Estimations
    $6,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0183765
    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

    • Rahman & Son Essential Body oil and more / Cosmetic Store
    • Raidah's Designer Oils, Perfumes & More / Cosmetic Store
    • Larrypatterson / Marketing & Advertising
    • County Line Trade Center / (Bike/Boat/Book/etc) Store
    • DETROIT DZIGNED CUSTOM T-SHIRTS / Custom T-Shirt Store

    Property Details for 20900 Dequindre Rd

    Year built
    1950
    Lot size
    8.36 lot acres
    Property size
    103,600 SF
    Zone code
    MZ
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    12-13-31-351-003
    APU
    121331351003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,082,000
      Market price range: $5.35M - $16.5M
      AI Estimate
      $6,082,000
      Market price range: $5.35M - $16.5M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,825,000
      RESTAURANT
      $8,950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0815
    Latitude
    42.4499
    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
    $35,740
    $0.00
    $0.00
    $1,792,660
    -
    $0.00
    $0.00
    $3,585,320

    Comparable in this City

    • Value Estimation
      $7,420,000
      122,600 SF

      2000 10th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 122,600 SF
      2000 10th Mile Rd, Warren, MI 48091-1380
      View Details
    • Value Estimation
      $4,600,000
      70,983 SF

      26800 Dequindre Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 70,983 SF
      26800 Dequindre Rd, Warren, MI 48091-3940
      View Details
    • Value Estimation
      $1,905,000
      18,738 SF

      2295 10th Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 18,738 SF
      2295 10th Mile Rd, Warren, MI 48091-3786
      View Details
    • Value Estimation by Request
      2,765 SF

      3377 9th Mile Rd

      AUTO REPAIR, GARAGE • 2,765 SF
      3377 9th Mile Rd, Warren, MI 48091-2379
      View Details
    • Value Estimation by Request
      5,334 SF

      24500 Dequindre Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,334 SF
      24500 Dequindre Rd, Warren, MI 48091-1668
      View Details
    • Value Estimation by Request
      1,008 SF

      23583 Ryan Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      23583 Ryan Rd, Warren, MI 48091-1929
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Restaurant with Drive-Thru

      5122 SF building on 1.8 acres with drive-thru.
      4803-4899 E 8 Mile Rd, Warren, MI 48091
      View Details
    • $345,000
      5,600 SF

      Retail Building on 8 Mile

      5,600 SF retail building with ample parking.
      7531 East Eight Mile Rd, Warren, MI 48091
      View Details
    • $1,499,000
      1,824 SF

      Turnkey Dispensary with Drive-Thru

      Fully licensed dispensary with high-end finishes and ample parking.
      5540 E Eight Mile Rd E, Warren, MI 48091
      View Details
    • Contact for pricing
      3,358 SF

      Turnkey Auto Repair Center

      3,358 SF auto repair center for sale.
      7575 E Eight Mile Rd, Warren, MI 48091
      View Details
    • Contact for pricing

      Land with Parking Lot

      Land with parking lot and income-generating billboards on Nine Mile.
      2149 Nine Mile Rd, Warren, MI 48091
      View Details
    • $1,499,000
      3,800 SF

      Turn-Key Dispensary on Large Lot

      Fully licensed dispensary with drive-thru and ample parking for sale.
      5540 E Eight Mile Rd E, Detroit, MI 48091
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center on E 9 Mile

      Dollar General anchored retail center with high visibility.
      7580 E Nine Mile Rd, Warren, MI 48091
      View Details
    • Contact for pricing

      Kroger Anchored Shopping Center

      High-visibility retail space in a high-traffic location.
      26013 Hoover Rd, Warren, MI 48091
      View Details
    • Contact for pricing

      Warren Commercial Property For Rent

      Commercial property available for rent in Warren, Michigan.
      2071 Eight Mile Rd, Warren, MI 48091
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available, approximately 3,000 square feet.
      21635 Ryan Rd, Warren, MI 48091
      View Details
    • $2,500 /Mo
      3,500 SF

      Turnkey Medical Office in Warren

      Move-in ready 3,500 sq ft medical office for lease.
      25932 Dequindre Rd, Warren, MI 48091
      View Details
    • $11 SF/Yr

      Prime Office Space Available

      Office/medical building with ample parking and freeway access.
      2104 East Eleven Mile Rd, Warren, MI 48091
      View Details
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    Warren, MI 48091-2211
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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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