Property profile

12918 8th Mile Rd Detroit, MI 48205

OFF-MARKET
Commercial real estate
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Property ID
US43-1351555
1,200 SF 0.03 ac Built 1969
Last sale Nov 2024·$170,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Nov 2026
$185k
$167k – $204k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170
Qualifying comparables9

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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
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 agency36.2
Law Firm30.8
Spa & Massage22.9

Location

12918 8th Mile Rd Detroit, MI 48205-1142
County assessor · not on file Recorded deeds · 3 transfers 9 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12311 Gratiot, Detroit, MI 48205-3921 $14,000 Apr 2025 3,148 SF
18840 Hayes, Detroit, MI 48205-2912 $25,000 Mar 2024 1,970 SF
13634 7th Mile, Detroit, MI 48205-2258 $530,000 Nov 2022 3,380 SF
13650 7th Mile, Detroit, MI 48205-2258 $530,000 Nov 2022 3,500 SF
13642 7th Mile, Detroit, MI 48205-2258 $530,000 Nov 2022 4,000 SF
13600 7th Mile, Detroit, MI 48205-2258 $530,000 Nov 2022 240 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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