Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8060 Holmes St Detroit, MI 48210

    • Warehouses
    • 3,267 SF
    • 0.21 lot acres
    For Sale
    View listing
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5189684
    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

    • Warehouses

    Property Details for 8060 Holmes St

    Year built
    1966
    Lot size
    0.21 lot acres
    Property size
    3,267 SF
    Zone code
    M4
    Property type
    Warehouses
    APN
    18004121-3
    APU
    180041213

    Description

    This exceptional Detroit investment opportunity encompasses two buildings situated on three parcels, totaling 9,164 square feet. The property is classified as mixed-use, retail, and special purpose, offering considerable flexibility for a variety of commercial ventures. One building, located at 8024 Holmes Street, comprises 5,897 square feet, while the second building at 8060 Holmes Street offers 3,267 square feet. The expansive land surrounding the buildings presents significant potential for future development or expansion, such as additional parking. The property's zoning allows for diverse uses, including warehouse, distribution center, or other commercial applications. This prime commercial space is priced at $499,900, translating to $54.55 per square foot. All measurements and information are approximate and should be independently verified. The property is located in Wayne County, Michigan, at 8060 Holmes St, Detroit, MI 48210. This is a rare opportunity to acquire a substantial commercial property with significant upside potential in a dynamic urban setting. The property's versatility and ample space make it an attractive investment for discerning buyers seeking strong returns.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1485
    Latitude
    42.3441
    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
    2023
    $3,533
    $0.00
    $0.00
    $35,100
    -
    $0.00
    $0.00
    $70,200

    Comparable in this City

    • Value Estimation by Request
      13,000 SF

      7464 Bryden St

      WAREHOUSE, STORAGE • 13,000 SF
      7464 Bryden St, Detroit, MI 48210-1031
      View Details
    • Value Estimation by Request
      3,000 SF

      7401 Bryden St

      WAREHOUSE, STORAGE • 3,000 SF
      7401 Bryden St, Detroit, MI 48210-1030
      View Details
    • Value Estimation by Request
      18,350 SF

      3100 Hubbard St

      WAREHOUSE, STORAGE • 18,350 SF
      3100 Hubbard St, Detroit, MI 48210-3236
      View Details
    • Value Estimation by Request
      630 SF

      3300 Hubbard St

      WAREHOUSE, STORAGE • 630 SF
      3300 Hubbard St, Detroit, MI 48210-3238
      View Details
    • Value Estimation by Request
      10,256 SF

      7774 Bryden St

      WAREHOUSE, STORAGE • 10,256 SF
      7774 Bryden St, Detroit, MI 48210-1095
      View Details
    • Value Estimation by Request
      9,375 SF

      8350 John Kronk St

      WAREHOUSE, STORAGE • 9,375 SF
      8350 John Kronk St, Detroit, MI 48210-2101
      View Details

    Similar Nearby for Sale

    • $980,000
      18,350 SF

      Detroit Industrial Redevelopment Opportunity

      18,350 SF Warehouse, R&D, Distribution
      3100 Hubbard St, Detroit, MI 48210
      View Details
    • $150,000

      Versatile Commercial Property in Detroit

      3,267 sq ft commercial property suitable for warehouse or distribution.
      8060 Holmes St, Detroit, MI 48210
      View Details
    • Contact for pricing
      266,000 SF

      Warren Ave Warehouse - Detroit, MI

      Massive Industrial Warehouse, Ideal for Multi-Tenant Use
      5981 Warren Ave, Detroit, MI 48210
      View Details
    • $795,000
      44,500 SF

      Industrial Warehouse For Sale

      44,500 SF industrial/manufacturing warehouse on 2.06 acres.
      7446 Central St, Detroit, MI 48210
      View Details
    • $99,000

      Detroit Industrial Land - M4 Zoning

      Prime Detroit development parcel, 0.7 acres, $99,000.
      4253 Mcgraw Ave, Detroit, MI 48210
      View Details
    • $949,000
      14,491 SF

      Detroit Industrial Distribution Center

      14,491 SF Warehouse - $949,000
      3700 Central St, Detroit, MI 48210
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      170,000 SF

      Detroit Warehouse/Manufacturing Space

      10,000-170,000 SF Available Now
      3401 Martin 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

      Detroit Industrial Property - 75,000 SF

      Spacious Detroit warehouse, ideal for manufacturing.
      2801 Clark Ave, 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 Automotive and Retail Opportunity

      Automotive, retail, and parking spaces available for lease in Detroit.
      2890 Michigan Ave, Detroit, MI 48210
      View Details
    • Contact for pricing

      Industrial Land Near Rail Yard

      15.87 acres available for lease near I-94 and rail.
      6100 Mcgraw 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.
    8060 Holmes St
    Detroit, MI 48210
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.