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    Property profile & analytics
    OFF-MARKET Estimated value $595,000
    Warehouses

    6400 Nevada St, Detroit, MI 48234-2825

    14,988 SF 1.07 ac lot Built 1963
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-0967888
    Property summary
    AI-generated overview

    This exceptional 14,988-square-foot industrial warehouse, located at 6400 E Nevada St, Detroit, MI 48234, presents a compelling investment opportunity. Priced at $500,000 ($33.36/SF), this vacant property boasts a prime location in Wayne County, offering easy access to major thoroughfares including the Davison Freeway, M-53, and I-75. Built in 1963 and extensively renovated between 2022 and 2023, the property features a newly updated roof, electrical system, bay doors, firewalls, rooftop HVAC, and sewer drains. All building materials are included in the sale. The single building sits on a 1.07-acre lot and is zoned M4 Intensive Industrial, allowing for a wide range of uses, including marijuana businesses. The property includes two loading docks and two dock-high doors, providing efficient loading and unloading capabilities. This meticulously maintained warehouse is ready for immediate occupancy and presents a rare opportunity to acquire a well-located, versatile industrial space in a thriving Detroit market. The property's recent renovations ensure modern functionality and efficiency, minimizing future capital expenditures. Its strategic location and flexible zoning make it an ideal choice for a variety of industrial and manufacturing operations.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1963
    Total area 14,988 SF
    Lot 1.07 ac (46,609 SF)
    Zoning code M4
    APN 15004373.001
    UPID US43-0967888
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $606k
    Blend (final) Blend
    $595k
    Owner & transaction history
    Lbm Properties LLC
    Lbm Properties LLC
    since 2025
    6 recorded transactions
    2025
    $420,000
    2019
    $350,000
    2015
    $10,000
    2009
    1969
    1969
    Zoning & alternative use
    M4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $945,000 +95.6%
    Office building $925,000 +91.4%
    Retail stores $915,000 +89.5%
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