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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Industrial properties
12891 Mt Elliott St, Hamtramck, MI 48212-2533
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0318163
Property summary
AI-generated overview
This exceptional 52,024 square foot industrial warehouse, situated on a generous 1.99-acre lot in Hamtramck, Michigan, presents a compelling investment opportunity. Built in 1956, the property boasts a versatile M-2 Restricted Industrial zoning designation. The building features six loading docks, including one 10'x11', one 9'x9', and four 12'x14' grade-level doors, enhancing operational efficiency. Two exterior truckwells, conveniently located at opposite ends of the structure, further optimize logistics. The warehouse offers a substantial clear height ranging from 13 to 16 feet, providing ample vertical space for storage and operations. The property includes a secure fence encompassing two separate lots, offering additional outdoor storage capacity. The building is equipped with 440v, 3-phase power, catering to a variety of industrial needs. The asking price is $1,050,000. The property's address is 12891 Mt Elliott St, Hamtramck, MI 48212, with APN 13006971-82. This property is ideal for businesses seeking a well-maintained, spacious warehouse with excellent access and ample outdoor storage in a prime industrial location.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Total area
52,024 SF
Lot
1.99 ac (86,684 SF)
Zoning code
M2
APN
13006971-82
UPID
US43-0318163
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.22M
Owner & transaction history
Za Investment Co · 1 yrs held
Za Investment Co
since 2025
Last sale
$780,000
5 recorded transactions
Zoning & alternative use
M2 · Hamtramck, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hamtramck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamtramck submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $780k (Feb 27 2025)
Last sale anchor
$780k
Feb 27 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$23 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,907
Tax year 2023
Assessed value
$539,300
Assessed 2024
Previous assessed
$539,300
+0.0% YoY
Effective rate
2.76%
On assessed value
Total market value
$1,078,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Buildings
6
Stories
1
Total area
52,024 SF
Lot
1.99 ac (86,684 SF)
Zoning code
M2
APN
13006971-82
UPID
US43-0318163
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M2 · Hamtramck, MI
Zoning M2 · permitted uses
M2 · Hamtramck, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamtramck. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
FORCED AIR
Stories
1
Buildings
6
Lot
1.99 ac
Current owner
From public records · entity-resolved
Za Investment Co
Entity
Mailing address
10470 WHITEWOOD MDWS LN, PINCKNEY, MI 48169-9342
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Za Investment Co
Taha Properties LLC
Deed
$448,000 · Not Available
May 27, 2025
$780,000
Taha Properties LLC
Stroker Enterprises LLC
Warranty Deed
—
May 25, 2012
$75,000
Stroker Ents LLC
Ib Property Holdings LLC
Grant Deed
—
Nov 25, 2009
—
Ib Property Holdings LLC
Bayview Ln Svcg LLC
Quit Claim Deed
—
Sep 11, 2009
$399,000
Bayview Ln Svcg LLC
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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