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Property profile & analytics
OFF-MARKET
Estimated value
$19,790,000
Industrial properties
6451 Ft St Detroit, MI 48209-1271
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1479282
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
309,661 SF
Lot
8.81 ac (383,764 SF)
Zoning code
M4
APN
18000388-402
UPID
US43-1479282
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
Current use
Occupant on record · Public records
-
LM Automotive, LLC Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.00M
Blend (final)
Blend
$19.79M
Owner & transaction history
Fort Street Co Trio LLC · 5 yrs held
Fort Street Co Trio LLC
since 2020
7 recorded transactions
Zoning & alternative use
M4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4) M4 Intensive Industrial District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec…
Zone name
Intensive Industrial District
General category
INDUSTRIAL
Zone area
7,991.56 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$28.3M
+127.2%
Restaurant
$28.3M
+127.1%
Neighborhood: shopping center
$23.5M
+88.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,440,000
Current use
COMMERCIAL (GENERAL)
$28,270,000
Change: +127% · Conversion: Difficult
RESTAURANT
$28,250,000
Change: +127% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$23,460,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$19,510,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$19,090,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,770,000
Change: +51% · Conversion: Easy
Blend value · Realmo final
$19.79M
Range $17.81M – $21.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$218,213
Tax year 2023
Assessed value
$10,235,000
Assessed 2024
Previous assessed
$10,235,000
+0.0% YoY
Effective rate
2.13%
On assessed value
Total market value
$20,470,000
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Buildings
6
Stories
1
Total area
309,661 SF
Lot
8.81 ac (383,764 SF)
Zoning code
M4
APN
18000388-402
UPID
US43-1479282
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M4 · Detroit, MIZoning M4 · permitted uses
M4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4) M4 Intensive Industrial District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec. 50-7-5. - Special districts. Special districts and overlay areas within the City
Zone name
Intensive Industrial District
General category
INDUSTRIAL
Zone area
7,991.56 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$28.3M
RESTAURANT
Est. value
$28.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.5M
MEDICAL BUILDING
Est. value
$19.5M
OFFICE BUILDING
Est. value
$19.1M
AUTO REPAIR, GARAGE
Est. value
$18.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Stories
1
Buildings
6
Lot
8.81 ac
Current owner
From public records · entity-resolved
Fort Street Co Trio LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6451 W FT ST, DETROIT, MI 48209-1271
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
Fort Street Co Trio LLC
Sakthi Automotive Grp USA INC
Grant Deed
—
Jun 24, 2019
—
Sakthi Automotive Grp USA INC
—
Grant Deed
related
$10,000,000 · Aapicohitech Public Co Ltd
Jun 24, 2016
—
Sakthi Automotive Group USA INC
—
Deed
related
—
Jun 23, 2016
—
Sakthi Automotive Group USA In
—
Deed
related
$16,000,000 · * Other Institutional Lenders
—
—
Sakthi Automotive Group USA In
—
Deed Of Trust
related
$2,500,000 · Chase Invest Detroit Fund Chase Invest Detroit Fund
—
—
Sakthi Automotive Group USA In
—
Deed Of Trust
related
$2,500,000 · Detroit Invs Fund
—
—
Sakthi Automotive Group USA In
—
Deed Of Trust
related
$10,000,000 · Punjab Nat'l Bk (international
—
—
Sakthi Automotive Group USA In
—
Loan Modification
related
$16,000,000 · * Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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