Financial
Distress signals
Property profile

16921 E 9 Mile Rd Eastpointe, MI 48021

FOR SALE
Retail space
Property ID
US43-1415850
800 SF 0.08 ac lot Built 1952
Last sale Mar 2024 · $135,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A small commercial warehouse located in Eastpointe, Michigan, with approximately 800 square feet of interior space on a 0.08-acre lot. The building includes dedicated parking, one overhead door, and both front and rear entrances. Interior features include dedicated office space and a deep sink. The property is zoned for commercial use and is configured for a range of uses such as contractor, artist, and e-commerce operations. It had a roof replacement in 2024 and features relatively newer

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$2k
Tax billed · 2022
Assessed value · 2023$25k
Effective rate6.82%

Value estimate

· Sep 2026
$135k
$122k – $149k
AI approach$135k
NOI build-up
Gross scheduled income$16k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 5.86% cap applied$9k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$51 – $106
Qualifying comparables3

Cap rate analysis

How does the asset earn?
5.86%
$9k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-3
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.2
Parking Facility17.8
Food Market15.8

Location

16921 E 9 Mile Rd Eastpointe, MI 48021
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16149 10th Mile, Eastpointe, MI 48021-1131 $30,000 Jul 2025 1,000 SF
19132 10th Mile, Eastpointe, MI 48021-1449 $10,000 May 2025 1,200 SF
21547 Gratiot, Eastpointe, MI 48021-2835 $45,000 Oct 2023 1,200 SF
21543 Gratiot, Eastpointe, MI 48021-2835 $115,000 Aug 2023 1,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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