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Property profile

12738 8th Mile Rd Detroit, MI 48205

OFF-MARKET
Manufacturing properties
Property ID
US43-5082310
2,257 SF 0.03 ac lot Built 1948
Last sale Sep 2021 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial building configured for lease, with an approximate total area of 2,400 to 2,600 square feet. It is set up to provide public street visibility while maintaining an enclosed/private setting. Interior improvements include updated electrical systems, a new indoor HVAC system with a roof-mounted cooling condenser, newly installed lighting, and a new exposed drop ceiling. The space is arranged in an open-plan layout and has historically been used as a liquidation retail…

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?
$3k
Tax billed · 2023
Assessed value · 2024$34k
Effective rate7.89%

Value estimate

· Nov 2026
$275k
$248k – $303k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$40/SF
Submarket average, outlier-cleaned · 223 recorded sales of this use type
Observed band · Q1–Q3$20 – $68
Qualifying comparables6

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 agency36.2
Law Firm30.8
Dental Office28.0

Location

12738 8th Mile Rd Detroit, MI 48205-1013
County assessor Recorded deeds · 3 transfers 6 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

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12541 Mcnichols, Detroit, MI 48205-3305 $16,007 Oct 2023 5,488 SF
20530 Hoover, Detroit, MI 48205-1064 $550,000 Feb 2021 34,553 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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