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    Property profile & analytics

    15026 9 Mile Rd Eastpointe, MI 48021

    • Retail properties
    • 1,250 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • M9 Smoke Shop / Smoke Shop
    • Unique Fashionz / Clothing Store
    • Contact — Owens Career Academy / Non-Governmental Organization

    Property Details for 15026 9 Mile Rd

    Property size
    1,250 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9665
    Latitude
    42.4645

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      22701 9 Mile Rd

      Individual retail properties • 2,200 SF
      22701 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • Value Estimation by Request
      20,000 SF

      14943 9 Mile Rd

      Individual retail properties • 20,000 SF
      14943 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • Value Estimation by Request
      20,000 SF

      14953 9 Mile Rd

      Individual retail properties • 20,000 SF
      14953 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • Value Estimation
      $125,000
      1,500 SF

      17561 Stephens Dr

      GROCERY, SUPERMARKET • 1,500 SF
      17561 Stephens Dr, Eastpointe, MI 48021-1801
      View Details
    • Value Estimation
      $340,000
      3,900 SF

      18405 9th Mile Rd

      GROCERY, SUPERMARKET • 3,900 SF
      18405 9th Mile Rd, Eastpointe, MI 48021-1950
      View Details
    • Value Estimation by Request
      652 SF

      15801 10th Mile Rd

      CONVENIENCE STORE • 652 SF
      15801 10th Mile Rd, Eastpointe, MI 48021-1119
      View Details

    Similar Nearby for Sale

    • $226,000

      Eastpointe Storefront & Extra Lot

      Prime Retail Investment, High Income Potential
      15615 10 Mile Rd, Eastpointe, MI 48021
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    • $2,130,952
      7,000 SF

      Eastpointe Retail Building For Sale

      7,000 SF retail building in a densely populated area.
      22901 Gratiot Ave, Eastpointe, MI 48021
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    • $700,000
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      Established Retail Opportunity in Eastpointe

      Long-standing retail property suitable for dry cleaning or other businesses.
      24730 Gratiot Ave, Eastpointe, MI 48021
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    • $339,999
      4,800 SF

      Eastpointe Retail Building For Sale

      Multi-tenant retail building on Gratiot Avenue, ideal for investors.
      22220-22228 Gratiot Ave, Eastpointe, MI 48021
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    • $226,000

      Commercial Building with Extra Lot

      Commercial building for sale with potential income and expansion.
      15615 E 10 Mile Rd, Eastpointe, MI 48021
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    • $189,950
      652 SF

      Eastpointe Commercial Building For Sale

      Commercial building in a vibrant neighborhood, suitable for various businesses.
      15801 E 10 Mile Rd, Eastpointe, MI 48021
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Retail Space Available For Lease

      2,300 sq ft retail space with excellent street visibility.
      22217 Kelly Rd, Eastpointe, MI 48021
      View Details
    • $2,000 /Mo
      1,904 SF

      Eastpointe Retail Space For Rent

      Retail space available for lease in Eastpointe, Michigan.
      16906 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $2,700 /Mo
      2,908 SF

      Eastpointe Retail Space For Rent

      2908 sqft retail space in the heart of Eastpointe.
      16914 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $1,500 /Mo

      Retail Space with Open Layout

      892 sq ft retail space with parking available for lease.
      22239 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $13 SF/Yr
      31,290 SF

      Eastpointe Retail Space For Rent

      31,290 SF retail space available for lease.
      19001 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $2,250 /Mo

      Retail Space with Open Layout

      Commercial space featuring large display windows and an open floorplan.
      22231 Gratiot Ave, Eastpointe, MI 48021
      View Details
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    15026 9 Mile Rd
    Eastpointe, MI 48021
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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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