Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    32637 Van Dyke Ave Warren, MI 48093-1040
    Back to Search
    Property profile & analytics

    32637 Van Dyke Ave, Warren, MI 48093-1040

    View on Map
    • Drive through restaurants
    • 3,007 SF
    • 0.71 lot acres
    Off-Market
    Property ID
    US43-0151811
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Uncle Joe’s Chicken Fingers / Restaurant / Take-out & Catering

    Property Details for 32637 Van Dyke Ave

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    0.71 lot acres
    Zone code
    M-1
    Property type
    Drive through restaurants
    APN
    12-13-04-226-023
    APU
    121304226023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 22, 2023 — Dkd Equities LP — Deed · related $519k · Truist Bank
    — — Dkd Equities — Deed Of Trust · related $510k · Flagstar Bank Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.03
    Latitude
    42.534
    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
    $17,907
    $0.00
    $0.00
    $294,450
    -
    $0.00
    $0.00
    $588,900

    Comparable in this City

    • Value Estimation by Request
      2,520 SF

      27003 Hoover Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      27003 Hoover Rd, Warren, MI 48093-4547
      View Details
    • Value Estimation by Request
      2,960 SF

      31301 Van Dyke Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      31301 Van Dyke Ave, Warren, MI 48093-1657
      View Details
    • Value Estimation by Request
      2,409 SF

      31315 Van Dyke Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      31315 Van Dyke Ave, Warren, MI 48093-1657
      View Details
    • Value Estimation by Request
      2,760 SF

      11799 13th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      11799 13th Mile Rd, Warren, MI 48093-3022
      View Details
    • Value Estimation by Request
      2,055 SF

      27400 Van Dyke Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      27400 Van Dyke Ave, Warren, MI 48093-2804
      View Details
    • Value Estimation by Request
      4,368 SF

      27010 Hoover Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      27010 Hoover Rd, Warren, MI 48093-4548
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,335 SF

      Warren Investment Opportunity: Motel, Restaurant

      Mixed-use property with motel, restaurant, house, and apartment.
      28710 Van Dyke Ave, Warren, MI 48093
      View Details
    • Contact for pricing
      3,364 SF

      Retail Space For Sale

      Retail space available for purchase.
      11701 E Thirteen Mile Rd, Warren, MI 48093
      View Details
    • $2,500,000

      Entitled Multifamily Project Opportunity

      138-unit multifamily project with approved Brownfield TIF in Warren, Michigan.
      8525 Cole Dr, Warren, MI 48093
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Meijer Outlot Development Opportunity

      Retail, office, medical, or QSR/food concepts opportunity.
      13355 E 10 Mile Rd, Warren, MI 48093
      View Details
    • Contact for pricing

      Retail Space Near GM Tech

      Retail space with ample parking near GM tech center.
      27380 Van Dyke Ave, Warren, MI 48093
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space on Van Dyke

      Retail space with high visibility and ample parking.
      32680 Van Dyke Ave, Warren, MI 48093
      View Details
    • $5,568 /Mo
      4,455 SF

      Freestanding Building on Van Dyke

      Newer construction with great exposure and flexible zoning.
      27333 Van Dyke Ave, Warren, MI 48093
      View Details

    Property Visit Statistics

    • Visits by month
      943
    • Visitors by month
      606
    • Avg Time on site
      25 min
    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.
    32637 Van Dyke Ave
    Warren, MI 48093-1040
    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
    32637 Van Dyke Ave, Warren, MI, 48093
    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!