Property profile

12451 8th Mile Rd Warren, MI 48089

OFF-MARKET
Commercial real estate
Property ID
US43-1783532
3,271 SF 0.17 ac lot Built 1969
Individually Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1969
Total area 3,271 SF
Lot 0.17 ac (7,231 SF)
Zoning code C-2
APN 12-13-35-386-037
UPID US43-1783532

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
  • Daycare Center

Location

12451 8th Mile Rd Warren, MI 48089-3137
Warren metro Census 268300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$130k

Owner & transaction history

since 2021
Last sale
$108,000
5 recorded transactions
2021
Price N/A
2021
Price N/A
2021
Price N/A
2014
$70,000
2011
$120,000

Zoning & alternative use

C-2 · Warren, MI
Zoning description

allowed for each business in commercial business and industrial districts zoned C -1, C-2, C-3, M-1 and M-2. Section 4A.14 (b) - Prohibited Signs: Exterior rope lighting, except temporary lighting. Chairman Sophiea said…

General category COMMERCIAL

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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