Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2254 Cole St Birmingham, MI 48009-6511
    Back to Search
    Property profile & analytics

    2254 Cole St Birmingham, MI 48009-6511

    View on Map
    • Super regional malls
    • 12,558 SF
    • 0.81 lot acres
    Off-Market
    Property ID
    US43-1698512
    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.
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 2254 Cole St

    Year built
    1952
    Lot size
    0.81 lot acres
    Property size
    12,558 SF
    Zone code
    II
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    08-20-31-252-007
    APU
    82031252007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,228,000
      Market price range: $702k - $1.74M
      AI Estimate
      $604,000
      Market price range: $295k - $891k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,170,000
      Current use
      OFFICE BUILDING
      $1,475,000
      Change: +26% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,015,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1932
    Latitude
    42.5399
    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
    2023
    $24,515
    $0.00
    $0.00
    $585,100
    -
    $0.00
    $0.00
    $1,170,200

    Comparable in this City

    • Value Estimation
      $5,965,000
      56,867 SF

      725 Maple Rd

      REGIONAL SHOPPING CENTER, MALL • 56,867 SF
      725 Maple Rd, Birmingham, MI 48009-6355
      View Details
    • Value Estimation
      $1,305,000
      32,920 SF

      2121 Cole St

      REGIONAL SHOPPING CENTER, MALL • 32,920 SF
      2121 Cole St, Birmingham, MI 48009-7062
      View Details
    • Value Estimation
      $1,305,000
      32,920 SF

      2099 Cole St

      REGIONAL SHOPPING CENTER, MALL • 32,920 SF
      2099 Cole St, Birmingham, MI 48009-7062
      View Details
    • Value Estimation
      $1,435,000
      13,693 SF

      1120 Lincoln St

      REGIONAL SHOPPING CENTER, MALL • 13,693 SF
      1120 Lincoln St, Birmingham, MI 48009-7105
      View Details
    • Value Estimation
      $880,000
      8,405 SF

      1160 Grant St

      REGIONAL SHOPPING CENTER, MALL • 8,405 SF
      1160 Grant St, Birmingham, MI 48009-1719
      View Details
    • Value Estimation
      $2,630,000
      25,056 SF

      33202 Woodward Ave

      REGIONAL SHOPPING CENTER, MALL • 25,056 SF
      33202 Woodward Ave, Birmingham, MI 48009-0902
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building in Downtown Birmingham

      Three-story mixed-use building in a premier downtown location.
      189-191 Townsend St, Birmingham, MI 48009
      View Details
    • Contact for pricing
      102,620 SF

      Premium Birmingham Mixed-Use Asset

      High-end office and retail property in prime walkable area.
      325 N Old Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing
      2,388 SF

      Retail Space on Woodward Avenue

      Retail space available for sale, totaling 2,388 square feet.
      34164 Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing

      Downtown Birmingham Office Space Available

      Prime location with walkable amenities and modern features.
      280 N Old Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing
      3,000 SF

      Turnkey Bakery Franchise Opportunity

      Fully operational bakery café in prime Birmingham location for sale.
      1137 S Adams Rd, Birmingham, MI 48009
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail End Unit on Woodward

      Retail space on Birmingham’s busiest road with high visibility.
      33788 Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing

      Flexible Live/Work Opportunity

      1,554 SF space suitable for live/work arrangements.
      441 S Eton St, Birmingham, MI 48009
      View Details
    • $25 SF/Yr

      Prime Retail on Woodward Avenue

      Free-standing retail space in Birmingham with high visibility.
      33668 Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing

      Retail Space on Old Woodward

      Retail space available for lease on Old Woodward Avenue.
      401-411 S Old Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing

      Mixed-Use Development in Birmingham

      89,486 SF mixed-use development in Birmingham's Triangle District.
      597 S Adams Rd, Birmingham, MI 48009
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2254 Cole St
    Birmingham, MI 48009-6511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2254 Cole St, Birmingham, MI, 48009
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!