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    9100 John Kronk St Detroit, MI 48210-2004
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    9100 John Kronk St Detroit, MI 48210-2004

    View on Map
    • Manufacturing properties
    • 103,622 SF
    • 22.08 lot acres
    Off-Market
    Property ID
    US43-1150909
    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
    $4,145,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ferrous Processing & Trading Co Kronk / Recycling Center / Waste Management Facility

    Property Details for 9100 John Kronk St

    Year built
    1966
    Lot size
    22.08 lot acres
    Property size
    103,622 SF
    Zone code
    M4
    Property type
    Manufacturing properties
    APN
    20009457.002
    APU
    20009457002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,374,000
      Market price range: $2.08M - $7.03M
      AI Estimate
      $3,916,000
      Market price range: $2.15M - $6.22M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,165,000
      Current use
      MEDICAL BUILDING
      $6,530,000
      Change: +57% Conversion: Difficult
      OFFICE BUILDING
      $6,385,000
      Change: +53% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,280,000
      Change: +51% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1469
    Latitude
    42.3216
    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
    $59,739
    $0.00
    $0.00
    $1,564,600
    -
    $0.00
    $0.00
    $3,129,200

    Comparable in this City

    • Value Estimation
      $990,000
      35,960 SF

      6100 Buchanan St

      MANUFACTURING (LIGHT) • 35,960 SF
      6100 Buchanan St, Detroit, MI 48210-2400
      View Details
    • Value Estimation by Request
      14,193 SF

      6100 Michigan Ave

      MANUFACTURING (LIGHT) • 14,193 SF
      6100 Michigan Ave, Detroit, MI 48210-2930
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    • Value Estimation by Request
      2,800 SF

      4517 Michigan Ave

      MANUFACTURING (LIGHT) • 2,800 SF
      4517 Michigan Ave, Detroit, MI 48210-3243
      View Details
    • Value Estimation by Request

      2801 Clark Ave

      Distribution properties
      2801 Clark Ave, Detroit, MI 48210
      View Details
    • Value Estimation
      $3,485,000
      170,953 SF

      3401 Martin St

      MANUFACTURING (LIGHT) • 170,953 SF
      3401 Martin St, Detroit, MI 48210-2848
      View Details
    • Value Estimation by Request
      1,704 SF

      3890 Lonyo St

      MANUFACTURING (LIGHT) • 1,704 SF
      3890 Lonyo St, Detroit, MI 48210-2103
      View Details

    Similar Nearby for Sale

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      Industrial Warehouse For Sale

      44,500 SF industrial/manufacturing warehouse on 2.06 acres.
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      Industrial building suitable for retail or truck terminal use.
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      96,192 SF

      Detroit Warehouse Property for Sale

      96,192 SF warehouse/industrial property available in Detroit, MI.
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    • $150,000
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      Detroit Commercial Corner Lot

      Commercial corner lot in Detroit, currently generating rental income.
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    Similar Nearby for Lease

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      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
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    • Contact for pricing

      Industrial Space with Rail Access

      Fenced lot with rail, doors, wells, and crane.
      3401 Martin St, Detroit, MI 48210
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      Renovated Distribution Center with Freeway Access

      Recently renovated distribution center with excellent I-94 freeway access.
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      Secured Truck and Trailer Storage

      Fenced, lit lot near freeway, border, and railyard.
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      Industrial Land Near Rail Yard

      15.87 acres available for lease near I-94 and rail.
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    • Contact for pricing

      Detroit Automotive and Retail Opportunity

      Automotive, retail, and parking spaces available for lease in Detroit.
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    9100 John Kronk St
    Detroit, MI 48210-2004
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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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