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Property profile

1012 Palmer St Detroit, MI 48211

OFF-MARKET
Manufacturing properties
Property ID
US43-1341869
39,736 SF 0.9 ac lot Built 1929
Last sale Aug 2018 · $615,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$30k
Tax billed · 2023
Assessed value · 2024$398k
Effective rate7.47%

Value estimate

· Oct 2026
$575k
$518k – $633k
Submarket $/SF estimate$1.11M

Realmo valuation models over county records and 11 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 comparables11

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?
M3
The M3 general industrial district supports industrial operations while regulating congestion and protecting nearby residential areas, pr...
General categoryINDUSTRIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply21.4
Auto Parts Store15.7
Hair Salon14.9

Location

1012 Palmer St Detroit, MI 48211-2522
County assessor Recorded deeds · 2 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5725 Mt Elliott, Detroit, MI 48211-3149 $70,000 Feb 2025 4,975 SF
1401 Woodland, Detroit, MI 48211-1057 $1,150,000 Jul 2024 48,609 SF
8301 Saint Aubin, Detroit, MI 48211-1330 $2,611,293 Apr 2024 8,376 SF
6455 Le Grand, Detroit, MI 48211-1843 $90,000 Mar 2024 14,948 SF
6660 Mt Elliott, Detroit, MI 48211-2437 $4,125,000 Aug 2021 307,262 SF
3900 Christopher, Hamtramck, MI 48211-1539 $225,000 Nov 2018 18,848 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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