Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6990 Murthum Ave Warren, MI 48092-1243

    • Flex space
    • 28,110 SF
    • 1.68 lot acres
    OFF-MARKET
    Last Sale
    Jan 02, 2020
    Value Estimations
    $2,530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1454912
    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

    • Detroit Chemical & Paper Supply / Industrial Manufacturer / Production Facility
    • Great Lakes Shower Door / Industrial Manufacturer / Production Facility
    • 1st Impressions / Commercial Cleaning Service

    Property Details for 6990 Murthum Ave

    Year built
    2003
    Lot size
    1.68 lot acres
    Property size
    28,110 SF
    Zone code
    M-2
    Property type
    Flex space
    APN
    12-13-04-201-026
    APU
    121304201026

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,530,000
      Market price range: $974k - $2.53M
      AI Estimate
      $2,530,000
      Market price range: $974k - $2.53M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,700,000
      Current use
      RETAIL STORES
      $2,915,000
      Change: +71% Conversion: Moderate
      OFFICE BUILDING
      $2,665,000
      Change: +57% Conversion: Difficult
      RESTAURANT
      $2,430,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $2,270,000
      Change: +33% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,190,000
      Change: +29% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,895,000
      Change: +11% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,830,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0347
    Latitude
    42.5286
    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
    $55,106
    $0.00
    $0.00
    $914,370
    -
    $0.00
    $0.00
    $1,828,740

    Comparable in this City

    • Value Estimation
      $7,540,000
      130,143 SF

      32900 Dequindre Rd

      LIGHT INDUSTRIAL • 130,143 SF
      32900 Dequindre Rd, Warren, MI 48092-1064
      View Details
    • Value Estimation
      $1,175,000
      13,038 SF

      31134 Dequindre Rd

      LIGHT INDUSTRIAL • 13,038 SF
      31134 Dequindre Rd, Warren, MI 48092-3722
      View Details
    • Value Estimation
      $640,000
      8,275 SF

      28750 Lorna Ave

      LIGHT INDUSTRIAL • 8,275 SF
      28750 Lorna Ave, Warren, MI 48092-3930
      View Details
    • Value Estimation
      $1,310,000
      14,540 SF

      2400 14th Mile Rd

      LIGHT INDUSTRIAL • 14,540 SF
      2400 14th Mile Rd, Warren, MI 48092-1068
      View Details
    • Value Estimation
      $730,000
      8,600 SF

      5600 Enterprise Ct

      LIGHT INDUSTRIAL • 8,600 SF
      5600 Enterprise Ct, Warren, MI 48092-3474
      View Details
    • Value Estimation
      $1,585,000
      25,280 SF

      30600 Ryan Rd

      LIGHT INDUSTRIAL • 25,280 SF
      30600 Ryan Rd, Warren, MI 48092-4953
      View Details

    Similar Nearby for Sale

    • $1,290,000
      6,885 SF

      Warren Industrial Restaurant Opportunity

      Fully equipped, high-traffic restaurant with liquor license.
      5702 12 Mile Rd, Warren, MI 48092
      View Details
    • $295,000
      3,000 SF

      Warren Industrial Building - $295K

      Three-unit industrial building, great investment!
      5966 Chicago Rd, Warren, MI 48092
      View Details
    • $399,000
      1.30 Acres

      Warren Vacant Land Opportunity

      Over 1 acre of vacant land in Warren, Michigan.
      28530 Ryan Rd, Warren, MI 48092
      View Details
    • $195,999
      1.30 Acres

      Warren Land Ready for Development

      Two city-approved lots totaling 1.28 acres in Warren, MI.
      27365 Ryan Rd, Warren, MI 48092
      View Details
    • $7,600,000
      70,486 SF

      Warren, MI Mixed-Use Investment

      Prime 6-acre Warren property, ideal for redevelopment.
      6902 Chicago Rd, Warren, MI 48092
      View Details
    • $99,000

      Established Retail Business Opportunity

      Profitable retail business with beer and wine license for sale.
      7220 Twelve Mile Rd, Warren, MI 48092
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      133,648 SF

      Macomb West Warehouse Space Available

      Large industrial space for lease; immediate occupancy.
      6500 14 Mile Rd, Warren, MI 48092
      View Details
    • $14 SF/Yr
      3,256 SF

      Warren Office Space for Lease

      Prime Macomb County Office/Retail Space Available
      6388 14 Mile Rd, Warren, MI 48092
      View Details
    • Contact for pricing
      4,859 SF

      Retail Space in Warren, MI

      Retail space available for lease in Warren, Michigan.
      28200 Dequindre Rd, Warren, MI 48092
      View Details
    • $28 SF/Yr
      8,881 SF

      Heritage Village Square Retail Space

      Warren, MI: Prime Retail Opportunity
      30207 Mound Rd, Warren, MI 48092
      View Details
    • $25 SF/Yr
      18,366 SF

      Village Plaza Retail Space Available

      Warren, MI: Prime Retail Outlots For Lease
      5815 Thirteen Mile Rd, Warren, MI 48092
      View Details
    • $16 SF/Yr
      2,295 SF

      Warren Office Building - 2295 SF

      Prime Warren office, single tenant, ample parking.
      6201 Chicago Rd, Warren, MI 48092
      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.
    6990 Murthum Ave
    Warren, MI 48092-1243
    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!