Property profile

6501 Greenfield Rd Detroit, MI 48228

FOR SALE
Office buildings
Property ID
US43-1014288
4,212 SF 0.14 ac lot Built 1973
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the vibrant Rockwall Town Center, situated at the southeast corner of Ridge Road and Horizon Road in Rockwall, Texas. The property boasts a total of 128,821 square feet, offering multiple suites for lease. Currently, 8,713 square feet of retail space is available, with individual suites ranging from a minimum of 1,500 square feet to a maximum contiguous space of 2,812 square feet. The center is zoned for commercial use and benefits from excellent visibility and accessibility from both Ridge Road and Horizon Road, conveniently located just south of I-30. This high-traffic location ensures maximum exposure for your business. The property is anchored by a Kroger grocery store, attracting a steady stream of customers. Nearby businesses include Bank of America, Massage Envy, Baskin-Robbins, Exquisite Café, Pizza Hut, Which Wich, and Smile Works, creating a thriving retail environment. This is an ideal location for businesses seeking high visibility and a strong customer base in a rapidly growing area of Rockwall County. The property is perfect for a variety of retail uses, offering flexible space options to suit your specific needs. Contact us today to learn more about this outstanding retail opportunity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 4,212 SF
Lot 0.14 ac (6,098 SF)
Zoning code B4
APN 22051421-4
UPID US43-1014288

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

6501 Greenfield Rd Detroit, MI 48228
Detroit metro Census 545600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2019
4 recorded transactions
2019
$300,000
2018
$260,000
2018
$260,000
2012
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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