Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

16046 E Eight Mile Rd Detroit, MI

FOR SALE
Retail space
Property ID
US43-1662487
1,200 SF 0.05 ac lot Built 1955
Last sale May 2024 · $38,000
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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Market Trends Soon
16046 E Eight Mile Rd, Detroit, MI For Sale
$45,000 1,200 SF
16046 E Eight Mile Rd, Detroit, MI
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Property summary

AI-generated overview

The property at 16046 E 8 Mile Road in Detroit, Michigan 48205 is a commercial storefront space configured to support multiple business uses, including retail and office, with potential suitability for service-oriented uses such as a salon or boutique and for mixed-use scenarios depending on tenant requirements. It is categorized as retail properties and spaces and office spaces, indicating flexibility in storefront and workspace configurations, and is positioned along a roadway with public-facing visibility and access.

Ownership intelligence

Who controls the opportunity?

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

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2024$24k
Effective rate7.19%

Value estimate

· Nov 2026
$85k
$77k – $94k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$32 – $95
Qualifying comparables11

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 agency28.2
Law Firm24.0
Dental Office16.9

Location

16046 E Eight Mile Rd Detroit, MI
County assessor Recorded deeds · 3 transfers 11 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12307 Gratiot, Detroit, MI 48205-3921 $7,000 Apr 2025 1,200 SF
12434 7th Mile, Detroit, MI 48205-2155 $70,000 Apr 2025 1,150 SF
12001 7th Mile, Detroit, MI 48205-2115 $6,300 Feb 2025 1,405 SF
13713 7th Mile, Detroit, MI 48205-2259 $40,000 Jan 2024 1,442 SF
13424 Gratiot, Detroit, MI 48205-3430 $6,500 Nov 2023 1,210 SF
15130 Gratiot, Detroit, MI 48205-1333 $180,168 Jun 2023 1,421 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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