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    4705 Conner St Detroit, MI 48215-2028

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    Property profile & analytics

    4705 Conner St Detroit, MI 48215-2028

    View on Map
    • Super regional malls
    • 41,385 SF
    • 7.86 lot acres
    Off-Market
    Property ID
    US43-5109250
    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
    $2,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Conner Avenue Square / Shopping Center & Mall

    Property Details for 4705 Conner St

    Year built
    2008
    Lot size
    7.86 lot acres
    Property size
    41,385 SF
    Zone code
    M4
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    21046423.002B
    APU
    21046423002B

    Description

    This exceptional retail property, located at 4705 Conner St, Detroit, MI 48215, presents a unique investment opportunity. The 8,288 square-foot building, formerly occupied by a Dollar General, sits on a highly visible corner lot at the intersection of Mack and Conner Streets, benefiting from excellent freeway signage. The property boasts a strategic location with over 20,000 vehicles passing daily, ensuring significant exposure for any business. The building's single-tenant configuration offers flexibility and ease of operation. Security cameras are already installed, providing an added layer of security. The property consists of two buildings, offering potential for expansion or multi-use configurations. This prime location is ideal for a variety of retail or commercial ventures seeking high visibility and convenient access. The property's substantial size and high traffic count make it an attractive option for businesses aiming to establish a strong presence in a thriving Detroit market. Don't miss this chance to secure a well-positioned retail space in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,198,000
      Market price range: $1.43M - $3.78M
      AI Estimate
      $1,774,000
      Market price range: $1.24M - $2.53M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,135,000
      Current use
      COMMERCIAL (GENERAL)
      $3,780,000
      Change: +21% Conversion: Easy
      RESTAURANT
      $3,775,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $2,860,000
      Change: -9% Conversion: Easy
      MEDICAL BUILDING
      $2,610,000
      Change: -17% Conversion: Difficult
      OFFICE BUILDING
      $2,550,000
      Change: -19% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,510,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9735
    Latitude
    42.3873
    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
    $76,747
    $0.00
    $0.00
    $1,214,300
    -
    $0.00
    $0.00
    $2,428,600

    Comparable in this City

    • Value Estimation
      $1,065,000
      6,860 SF

      12535 Mack Ave

      SHOPPING CENTER, STRIP CENTER • 6,860 SF
      12535 Mack Ave, Detroit, MI 48215-2228
      View Details
    • Value Estimation by Request
      8,654 SF

      13243 Warren Ave

      SHOPPING CENTER, STRIP CENTER • 8,654 SF
      13243 Warren Ave, Detroit, MI 48215-2018
      View Details
    • Value Estimation
      $640,000
      9,000 SF

      12312 Warren Ave

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      12312 Warren Ave, Detroit, MI 48215-3504
      View Details
    • Value Estimation
      $3,795,000
      60,484 SF

      14632 Mack Ave

      SHOPPING CENTER, STRIP CENTER • 60,484 SF
      14632 Mack Ave, Detroit, MI 48215-2523
      View Details
    • Value Estimation
      $540,000
      12,172 SF

      12801 Jefferson Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 12,172 SF
      12801 Jefferson Ave, Detroit, MI 48215-2754
      View Details
    • Value Estimation
      $1,145,000
      25,140 SF

      13328 Jefferson Ave

      MINI-MALL • 25,140 SF
      13328 Jefferson Ave, Detroit, MI 48215-2719
      View Details

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      Jefferson Chalmers Mixed-Use Opportunity

      Turn-key, updated 4-unit building with adjacent lot included.
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      Detroit Retail/Mixed-Use Opportunity

      Retail or mixed-use property for sale in Detroit.
      12835 Kercheval St, Detroit, MI 48215
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    • $1,200,000
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      Mixed-Use Property on Jefferson Avenue

      6,350 SF mixed-use property on 0.44 acres, seller financing.
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    Similar Nearby for Lease

    • Contact for pricing

      Jefferson Avenue Retail and Office

      Retail and office spaces available in Detroit's Jefferson-Chalmers neighborhood.
      13200 E Jefferson Ave, Detroit, MI 48215
      View Details
    • $15,000 /Mo
      6,372 SF

      Detroit Restaurant and Retail Opportunity

      Restaurant and retail property available for rent in Detroit.
      12248 E Warren Ave, Detroit, MI 48215
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 2,800 to 5,656 square feet.
      14712 Mack Ave, Detroit, MI 48215
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Southfield, Michigan.
      29200 Southfield Rd, Southfield, MI 48215
      View Details
    • Contact for pricing

      Restaurant Space in High Traffic

      Full-service restaurant space with equipment included in high-traffic area.
      12244 E Warren Ave, Detroit, MI 48215
      View Details
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    4705 Conner St
    Detroit, MI 48215-2028
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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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