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    Property profile & analytics

    2517 Ft St Wyandotte, MI 48192-4433

    • Banks
    • 3,914 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0408021
    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

    • Banks

    Property Details for 2517 Ft St

    Year built
    1949
    Lot size
    0.37 lot acres
    Property size
    3,914 SF
    Property type
    Banks
    APN
    57 016 05 0020 300
    APU
    57016050020300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $711,000
      Market price range: $298k - $841k
      AI Estimate
      $711,000
      Market price range: $298k - $841k

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $590,000
      Current use
      COMMERCIAL (GENERAL)
      $475,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.18
    Latitude
    42.2074
    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
    $25,244
    $0.00
    $0.00
    $379,900
    -
    $0.00
    $0.00
    $759,800

    Comparable in this City

    • Value Estimation
      $580,000
      2,706 SF

      1909 Ft St

      FINANCIAL BUILDING • 2,706 SF
      1909 Ft St, Wyandotte, MI 48192-3545
      View Details
    • Value Estimation
      $775,000
      13,543 SF

      1715 Eureka Rd

      SHOW ROOM, WAREHOUSE • 13,543 SF
      1715 Eureka Rd, Wyandotte, MI 48192-6000
      View Details
    • Value Estimation by Request
      1,600 SF

      1522 Ford Ave

      Restaurants • 1,600 SF
      1522 Ford Ave, Wyandotte, MI 48192
      View Details
    • Value Estimation by Request
      3,040 SF

      1826 Frd Ave

      DRY CLEANER • 3,040 SF
      1826 Frd Ave, Wyandotte, MI 48192-2307
      View Details
    • Value Estimation
      $545,000
      7,089 SF

      1844 Frd Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,089 SF
      1844 Frd Ave, Wyandotte, MI 48192-2307
      View Details
    • Value Estimation by Request
      1,535 SF

      1730 Frd Ave

      CONVENIENCE STORE • 1,535 SF
      1730 Frd Ave, Wyandotte, MI 48192-2306
      View Details

    Similar Nearby for Sale

    • $330,000
      3,300 SF

      Wyandotte Storefront: 3,300 SF Retail

      Prime Wyandotte retail space, 3,300 sq ft. Available for sale or lease.
      1918 Ford Ave, Wyandotte, MI 48192
      View Details
    • Contact for pricing
      2,000 SF

      Retail Property in Wyandotte, MI

      Retail property with 2,000 square feet of space.
      3852 6Th St, Wyandotte, MI 48192
      View Details
    • New
      $650,000
      6,465 SF

      Versatile Commercial Property in Wyandotte

      6,000+ sq ft commercial space ready for immediate use.
      1219 Eureka Ave, Wyandotte, MI 48192
      View Details
    • $1,100,000

      Restaurant and Real Estate Package

      Turnkey restaurant property with expansion potential in historic downtown.
      1744 Biddle Ave, Wyandotte, MI 48192
      View Details
    • New
      $350,000
      0.23 Acres

      Commercial Lot with Business Exposure

      Commercial property with frontage, open space, and parking.
      1814 Eureka Rd, Wyandotte, MI 48192
      View Details
    • $900,000

      Wyandotte Flex Space For Sale

      15,000 sq ft flex space in Wyandotte for sale.
      2025 Eureka Rd, Wyandotte, MI 48192
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,176 SF

      Prime Wyandotte Executive Office Space

      1,176 SF Freestanding Office, 10 Parking Spots
      1479 Fort St, Wyandotte, MI 48192
      View Details
    • $2,000 /Mo
      3,368 SF

      Wyandotte Retail Space for Rent

      Retail property in Wyandotte, MI, with 3368 square feet.
      2909 Biddle Ave, Wyandotte, MI 48192
      View Details
    • $1,500 /Mo

      Commercial Space in Wyandotte, MI

      Bright, spacious 800 sq. ft. commercial space for rent.
      3171 Fort St, Wyandotte, MI 48192
      View Details
    • $1,600 /Mo
      1,500 SF

      Wyandotte Commercial Space For Lease

      Prime commercial space with excellent visibility and signage opportunities.
      884 Ford Ave, Wyandotte, MI 48192
      View Details
    • Contact for pricing

      Wyandotte Flex Space Available

      15,000 sq ft flex space in Wyandotte for lease.
      2025 Eureka Rd, Wyandotte, MI 48192
      View Details
    • Contact for pricing

      Wyandotte Commercial Property For Rent

      Commercial property suitable for parking, automotive, or retail use.
      3217 Biddle Ave, Wyandotte, MI 48192
      View Details
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    2517 Ft St
    Wyandotte, MI 48192-4433
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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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