Property profile

12992 8th Mile Rd Oak Park, MI 48237

OFF-MARKET
Industrial properties
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Property ID
US43-0260909
14,480 SF 1.94 ac Built 1987
Last sale May 2000·$700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 26-yr Hold Held for 26 years. Absentee Owner Owner mailing address differs from the property address. ~ 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?
$24k
Tax billed · 2023
Assessed value · 2024$330k
Assessed land$107k
Assessed improvement$224k
Effective rate7.14%

Value estimate

· Nov 2026
$2.04M
$1.83M – $2.24M
AI approach$2.04M
Submarket $/SF estimate$1.63M

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$38 – $129
Qualifying comparables15

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?
LI
LI light industrial. The light industrial district regulations are established to provide sites for manufacturing plants, warehousing, re...
General categoryINDUSTRIAL
JurisdictionOAKLAND

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 agency69.7
Law Firm43.1
Dental Office42.7

Location

12992 8th Mile Rd Oak Park, MI 48237-3214
County assessor Recorded deeds · 4 transfers 15 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21721 Republic, Oak Park, MI 48237-2365 $1,150,000 Apr 2023 17,375 SF
12741 Capital, Oak Park, MI 48237-3113 $400,000 Sep 2022 14,056 SF
10240 Capital, Oak Park, MI 48237-3131 $500,000 Sep 2022 13,216 SF
13240 Capital, Oak Park, MI 48237-3107 $115,000 Jan 2022 15,141 SF
21380 Coolidge, Oak Park, MI 48237-3204 $750,000 Aug 2021 11,601 SF
21430 Coolidge, Oak Park, MI 48237-3232 $450,000 Oct 2020 10,624 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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Includes: Price & PSF · Cap rate · Location · Zoning

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