Professional grm calculator optimized for commercial properties in Detroit. Local market data shows 7.5% average cap rates and $235,000 median property values.
This calculator is currently being developed.
The Detroit, MI commercial real estate market offers unique investment opportunities. With a median home price of $235,000 and average cap rates of 7.5%,commercial properties in this market present a strong yield profile.
Current market conditions show properties averaging 45 days on market, with year-over-year appreciation of 3.8%. Average cash-on-cash returns for commercial investments in Detroit are approximately 12.5%.