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Financial
Distress signals
Property profile

12499 Evergreen Ave Detroit, MI 48228

FOR LEASE
Industrial properties
Property ID
US43-1835347
83,597 SF 18.4 ac lot
Last sale Aug 2018 · $16,615,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
12499 Evergreen Ave, Detroit, MI 48228 For Lease
Contact for pricing 85,493 SF available
12499 Evergreen Ave, Detroit, MI 48228
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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. 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.

Debts

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 · 2023

What does the county charge?
$635k
Tax billed · 2023
Assessed value · 2024$7.90M
Effective rate8.03%

Value estimate

· Oct 2026
$5.35M
$4.81M – $5.88M
Submarket $/SF estimate$5.67M
NOI build-up
Gross scheduled income$749k
Vacancy & credit loss−$32k
Operating expenses−$108k
NOI · 8,765,582.73% cap applied$609k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
8,765,582.73%
$609k 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?
M4
The M4 intensive industrial district permits objectionable industrial uses, restricts new residential construction except for loft conver...
General categoryINDUSTRIAL
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 agency28.7
Law Firm26.4
Dental Office20.9

Location

12499 Evergreen Ave Detroit, MI 48228
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9147 Hubbell, Detroit, MI 48228-2332 $300,000 Jun 2022 11,200 SF
9143 Hubbell, Detroit, MI 48228-2332 $300,000 Jun 2022 9,677 SF
8951 Freeland, Detroit, MI 48228-2306 $150,000 Apr 2022 14,400 SF
14451 Chicago, Detroit, MI 48228-2316 $2,935,000 Nov 2021 189,136 SF
9301 Hubbell, Detroit, MI 48228-2326 $275,000 Oct 2021 42,178 SF
18445 Weaver, Detroit, MI 48228-1180 $250,000 Dec 2020 10,000 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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