Realmo Analytics

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Financial
Distress signals
Property profile

5117 E Seven Mile Rd Detroit, MI 48234

FOR SALE
Individual retail properties
Property ID
US43-0333929
2,400 SF 0.1 ac lot Built 1950
Last sale Jan 2022 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$2k
Tax billed · 2020
Assessed value · 2024$43k
Effective rate4.79%

Value estimate

· Oct 2026
$60k
$54k – $66k
NOI build-up
Gross scheduled income$67k
Vacancy & credit loss−$4k
Operating expenses−$19k
NOI · 22.17% cap applied$44k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$72/SF
Submarket average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$40 – $116

Cap rate analysis

How does the asset earn?
22.17%
$44k 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?
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

5117 E Seven Mile Rd Detroit, MI 48234
County assessor Recorded deeds · 6 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18509 Conant, Detroit, MI 48234-1631 $30,000 Nov 2024 2,553 SF
20127 Van Dyke, Detroit, MI 48234-3213 $50,000 Oct 2024 2,942 SF
19663 Conant, Detroit, MI 48234-1330 $395,000 Sep 2024 2,565 SF
18812 Van Dyke, Detroit, MI 48234-3642 $75,000 Sep 2024 2,800 SF
19149 Van Dyke, Detroit, MI 48234-3347 $175,000 May 2024 2,400 SF
5301 Outer, Detroit, MI 48234-3400 $20,000 May 2024 1,960 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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