Financial
Distress signals
Property profile

6501 Greenfield Rd Detroit, MI 48228

FOR SALE
Office buildings
Property ID
US43-1014288
4,212 SF 0.14 ac lot Built 1973
Last sale Jul 2019 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the vibrant Rockwall Town Center, situated at the southeast corner of Ridge Road and Horizon Road in Rockwall, Texas. The property boasts a total of 128,821 square feet, offering multiple suites for lease. Currently, 8,713 square feet of retail space is available, with individual suites ranging from a minimum of 1,500 square feet to a maximum contiguous space of 2,812 square feet. The center is zoned for commercial use and benefits from

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 · 2020

What does the county charge?
$7k
Tax billed · 2020
Assessed value · 2024$135k
Effective rate5.53%

Value estimate

· Sep 2026
$245k
$221k – $270k
NOI build-up
Gross scheduled income$82k
Vacancy & credit loss−$19k
Operating expenses−$16k
NOI · 14.52% cap applied$47k

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

Recently sold

What actually traded nearby?
$62/SF
Submarket average, outlier-cleaned · 206 recorded sales of this use type
Observed band · Q1–Q3$25 – $102
Qualifying comparables11

Cap rate analysis

How does the asset earn?
14.52%
$47k estimated NOI · market benchmarks for this use type

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

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 agency26.5
Law Firm16.2
Parking Facility12.2

Location

6501 Greenfield Rd Detroit, MI 48228
County assessor Recorded deeds · 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16970 Warren, Detroit, MI 48228-3507 $9,822 Feb 2025 2,664 SF
18917 Joy, Detroit, MI 48228-3050 $320,000 Aug 2024 4,650 SF
16921 Warren, Detroit, MI 48228-3504 $150,000 Mar 2024 4,800 SF
19206 Warren, Detroit, MI 48228-3346 $25,000 Jul 2023 2,536 SF
9139 Greenfield, Detroit, MI 48228-2201 $105,000 Aug 2020 4,225 SF
8541 Greenfield, Detroit, MI 48228-2224 $130,000 Oct 2019 4,435 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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