Property profile

10500 8th Mile Rd Ferndale, MI 48220

OFF-MARKET
Commercial real estate
Property ID
US43-0985646
0.22 ac lot
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.22 ac (9,583 SF)
Zoning code BI
APN S -25-32-451-025
UPID US43-0985646

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Rental Facility
  • Auto Parts Store
  • Car Rental Facility
  • Car Rental Facility

Location

10500 8th Mile Rd Ferndale, MI 48220-2152
Ferndale metro Census 172500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2018
2 recorded transactions
2018
$150,000
2011
Price N/A

Zoning & alternative use

BI · Ferndale, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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