Financial
Distress signals
Property profile

5016 7th Mile Rd Detroit, MI 48234

OFF-MARKET
Auto shops
Property ID
US43-1195192
684 SF 0.05 ac lot Built 1947
Last sale Apr 2023 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 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 · 2020

What does the county charge?
$628
Tax billed · 2020
Assessed value · 2024$19k
Effective rate3.31%

Value estimate

· Sep 2026
$455k
$410k – $501k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$60/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$27 – $144

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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

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 agency22.6
Law Firm20.7
Dental Office20.2

Location

5016 7th Mile Rd Detroit, MI 48234-2261
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3800 8th Mile, Detroit, MI 48234-1011 $30,000 Sep 2023 960 SF
5012 7th Mile, Detroit, MI 48234-2261 $500,000 Apr 2023 684 SF
5024 7th Mile, Detroit, MI 48234-2261 $500,000 Apr 2023 684 SF
5020 7th Mile, Detroit, MI 48234-2261 $500,000 Apr 2023 684 SF
17711 Van Dyke, Detroit, MI 48234-3953 $78,000 Mar 2023 1,237 SF
4800 7th Mile, Detroit, MI 48234-2242 $50,000 Nov 2022 1,246 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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