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    Property profile & analytics

    33105 Kelly Rd Fraser, MI 48026-4212

    • Flex space
    • 91,258 SF
    • 8.21 lot acres
    OFF-MARKET
    Value Estimations
    $4,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4191051
    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

    • Hi Craft Engineering / Factory / Production Facility
    • The Metropolitan Gallery of Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • Premier Bride Magazine of Detroit Michigan / Wedding Service
    • Roses Are Red Events / (Bike/Boat/Book/etc) Store / Florist
    • H & C Tool Inc / Factory / Production Facility

    Property Details for 33105 Kelly Rd

    Year built
    1986
    Lot size
    8.21 lot acres
    Property size
    91,258 SF
    Zone code
    IR
    Property type
    Flex space
    APN
    03-11-32-476-065
    APU
    31132476065

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,127,000
      Market price range: $3.76M - $5.90M
      AI Estimate
      $4,127,000
      Market price range: $3.76M - $5.90M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,960,000
      Current use
      WAREHOUSE, STORAGE
      $6,155,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fraser
    County
    Macomb
    State
    Michigan
    Longitude
    -82.931
    Latitude
    42.5403
    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
    $81,146
    $0.00
    $0.00
    $2,037,700
    -
    $0.00
    $0.00
    $4,075,400

    Comparable in this City

    • Value Estimation
      $2,175,000
      35,800 SF

      18250 15th Mile Rd

      LIGHT INDUSTRIAL • 35,800 SF
      18250 15th Mile Rd, Fraser, MI 48026-3458
      View Details
    • Value Estimation
      $2,435,000
      49,976 SF

      17650 15th Mile Rd

      LIGHT INDUSTRIAL • 49,976 SF
      17650 15th Mile Rd, Fraser, MI 48026-3450
      View Details
    • Value Estimation
      $770,000
      17,644 SF

      31537 Groesbeck Hwy

      LIGHT INDUSTRIAL • 17,644 SF
      31537 Groesbeck Hwy, Fraser, MI 48026-2550
      View Details
    • Value Estimation by Request
      3,600 SF

      33333 Kelly Rd

      LIGHT INDUSTRIAL • 3,600 SF
      33333 Kelly Rd, Fraser, MI 48026-1533
      View Details
    • Value Estimation
      $765,000
      14,400 SF

      34190 Riviera

      LIGHT INDUSTRIAL • 14,400 SF
      34190 Riviera, Fraser, MI 48026-4811
      View Details
    • Value Estimation
      $4,755,000
      83,973 SF

      16711 13th Mile Rd

      LIGHT INDUSTRIAL • 83,973 SF
      16711 13th Mile Rd, Fraser, MI 48026-2555
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Renovated Industrial Buildings with Yard

      Two industrial buildings totaling 27,840 SF with yard space.
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      10,100 SF

      Industrial Property For Sale/Lease

      Multi-tenant industrial property available for lease or sale.
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    • $970,000

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      5,089 SF industrial building with fenced lot in Fraser.
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    • $1,225,000
      15,440 SF

      Fraser Warehouse Investment Opportunity

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      51,842 SF

      Fraser Warehouse Property for Sale

      51,842 SF warehouse/industrial property in Fraser, Michigan.
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      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      5,460 SF

      Fraser Flex/Industrial Space Available

      Flex/Industrial space available for lease in Fraser, Michigan.
      32205 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • Contact for pricing

      Renovated Flex Space with Office

      4,800 SF flex space with office and grade-level door.
      33155 Groesbeck Hwy, Fraser, MI 48026
      View Details
    • Contact for pricing

      Industrial Facility with Expansion Potential

      9,200 SF industrial facility with truckwell and expansion potential.
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      View Details
    • Contact for pricing
      14,400 SF

      Fraser Warehouse with Expansion Potential

      14,400 SF warehouse on 1.12 acres, expansion possible.
      33891 Doreka, Fraser, MI 48026
      View Details
    • $6 SF/Yr

      Fraser Warehouse with Office Space

      4,900 SF warehouse with office space for lease.
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      View Details
    • Contact for pricing

      Retail Space with Warehouse

      Retail space with warehouse area, available January 1, 2026.
      32064 Utica Rd, Fraser, MI 48026
      View Details
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    33105 Kelly Rd
    Fraser, MI 48026-4212
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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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