Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4381 Larkins St Detroit, MI 48210-2866

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4381 Larkins St Detroit, MI 48210-2866

    View on Map
    • Specialty properties
    • 11,375 SF
    • 0.48 lot acres
    Off-Market
    Last Sale Feb 3, 2023
    $385,912
    Property ID
    US43-1307012
    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

    • Vallarta Live / Nightclub / Music Venue
    • Holy Cross K Of C Council / Church / Mosque

    Property Details for 4381 Larkins St

    Year built
    1962
    Lot size
    0.48 lot acres
    Property size
    11,375 SF
    Zone code
    R5
    Property type
    Specialty properties
    APN
    18011558-63
    APU
    1801155863

    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
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1304
    Latitude
    42.3302
    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
    2020
    $6,045
    $0.00
    $0.00
    $152,400
    -
    $0.00
    $0.00
    $304,800

    Comparable in this City

    • Value Estimation by Request
      2,770 SF

      7330 Warren Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,770 SF
      7330 Warren Ave, Detroit, MI 48210-1041
      View Details
    • Value Estimation by Request
      8,000 SF

      5505 Michigan Ave

      Churches & religious facilities • 8,000 SF
      5505 Michigan Ave, Detroit, MI 48210
      View Details
    • Value Estimation by Request
      20,183 SF

      3426 Jct St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 20,183 SF
      3426 Jct St, Detroit, MI 48210-3006
      View Details
    • Value Estimation by Request
      8,662 SF

      7100 Michigan Ave

      FUNERAL HOME • 8,662 SF
      7100 Michigan Ave, Detroit, MI 48210-2249
      View Details
    • Value Estimation by Request
      4,155 SF

      3825 Livernois Ave

      FUNERAL HOME • 4,155 SF
      3825 Livernois Ave, Detroit, MI 48210-2948
      View Details
    • Value Estimation by Request
      3,985 SF

      4412 Livernois Ave

      FUNERAL HOME • 3,985 SF
      4412 Livernois Ave, Detroit, MI 48210-2438
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,800 SF

      Detroit Entertainment Venue Opportunity

      Prime location for entertainment venue in Detroit's thriving market.
      6609 Michigan Ave, Detroit, MI 48210
      View Details
    • Contact for pricing
      266,000 SF

      Former Coca-Cola Manufacturing Facility

      266,000 SF manufacturing and distribution facility near I-94.
      5981 W Warren Ave, Detroit, MI 48210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Detroit, Michigan.
      2801 Clark Ave, Detroit, MI 48210
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      Freestanding restaurant with drive-thru available for sale or lease.
      6301 West Warren Ave, Detroit, MI 48210
      View Details
    • Contact for pricing

      Renovated Distribution Center with Freeway Access

      Recently renovated distribution center with excellent I-94 freeway access.
      4815 Cabot St, Detroit, MI 48210
      View Details
    • Contact for pricing

      Secured Truck and Trailer Storage

      Fenced, lit lot near freeway, border, and railyard.
      6431 Epworth St, Detroit, MI 48210
      View Details
    • Contact for pricing
      75,105 SF

      Industrial Building with Expansion Potential

      75,105 SF industrial building on 10.52 acres for lease.
      2801 Clark St, Detroit, MI 48210
      View Details
    • Contact for pricing

      Detroit Parking Opportunity For Rent

      Fenced parking lot with security system and electronic gate.
      2890 Junction St, Detroit, MI 48210
      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.
    4381 Larkins St
    Detroit, MI 48210-2866
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!