Property profile

990 8th Mile Rd Ferndale, MI 48220

OFF-MARKET
Individual retail properties
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Property ID
US43-1821530
3,540 SF 0.16 ac Built 1961
Last sale May 2017·$60,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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 · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value · 2024$190k
Effective rate10.00%

Value estimate

· Nov 2026
$135k
$122k – $149k

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?

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

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

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 Firm18.4
Dental Office14.2
HVAC Service12.3

Location

990 8th Mile Rd Ferndale, MI 48220-2321
County assessor Recorded deeds · 7 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
711 8th Mile, Ferndale, MI 48220-3522 $80,000 Feb 2025 2,493 SF
3351 Hilton, Ferndale, MI 48220-3607 $2,375,000 May 2024 3,104 SF
561 8th Mile, Ferndale, MI 48220-2653 $1,850,000 Apr 2022 5,393 SF
22940 Woodward, Ferndale, MI 48220-1737 $565,000 Jan 2022 4,562 SF
1930 Hilton, Ferndale, MI 48220-1923 $742,050 Jan 2022 5,010 SF
22010 Woodward, Ferndale, MI 48220-2521 $215,000 Aug 2021 2,522 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

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

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