Financial
Distress signals
Property profile

6315 7th Mile Rd Detroit, MI 48234

OFF-MARKET
Warehouses
Property ID
US43-0929129
18,056 SF 0.62 ac lot Built 1967
Last sale May 2024 · $500,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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 · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$105k
Effective rate11.07%

Value estimate

· Sep 2026
$500k
$450k – $550k
AI approach$500k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$32/SF
Submarket average, outlier-cleaned · 187 recorded sales of this use type
Observed band · Q1–Q3$13 – $52
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M4
The M4 intensive industrial district permits objectionable industrial uses, restricts new residential construction except for loft conver...
General categoryINDUSTRIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm32.6
Dental Office24.6
Spa & Massage16.7

Location

6315 7th Mile Rd Detroit, MI 48234-2826
County assessor Recorded deeds · 4 transfers 5 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3840 Outer, Detroit, MI 48234-2946 $200,000 Aug 2024 33,446 SF
8600 7th Mile, Detroit, MI 48234-3629 $90,200 Dec 2023 33,331 SF
7400 Mcnichols, Detroit, MI 48234-3935 $850,000 Apr 2023 23,332 SF
8301 Lynch, Detroit, MI 48234-4144 $245,000 Dec 2021 5,640 SF
18095 Sherwood, Detroit, MI 48234-2812 $400,000 Jun 2021 10,320 SF
20100 Sherwood, Detroit, MI 48234-2927 $149,500 Oct 2019 5,912 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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