Financial
Distress signals
Property profile

24900 Capitol Redford, MI 48239

FOR SALE
Manufacturing properties
View Listing
Property ID
US43-5140015
41,762 SF 3.71 ac lot Built 1961
Last sale May 2021 · $1,100,000
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 an industrial building with a total area of 41,712 square feet.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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 · 2019

What does the county charge?
$37k
Tax billed · 2019
Assessed value · 2024$555k
Effective rate6.69%

Value estimate

· Sep 2026
$1.11M
$995k – $1.22M
Sales comparison$1.45M
NOI build-up
Gross scheduled income$306k
Vacancy & credit loss−$16k
Operating expenses−$87k
NOI · 8.12% cap applied$203k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$46/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$35 – $61
Qualifying comparables8

Cap rate analysis

How does the asset earn?
8.12%
$203k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 agency51.1
Dental Office38.5
Restaurant36.9

Location

24900 Capitol Redford, MI 48239
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog · not on file

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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
26305 Glendale, Redford, MI 48239-2761 $1,150,000 Oct 2024 16,988 SF
25215 Glendale, Redford, MI 48239-2647 $1,390,000 Sep 2024 19,245 SF
12717 Marlin, Redford, MI 48239-2765 $600,000 Sep 2024 18,760 SF
12668 Arnold, Redford, MI 48239-2637 $550,000 Feb 2024 14,281 SF
12500 Beech Daly, Redford, MI 48239-2469 $800,000 Jul 2021 28,074 SF
12221 Dixie, Redford, MI 48239-2452 $175,000 May 2021 11,097 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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