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Financial
Distress signals
Property profile

12930 E Mcnichols Rd Detroit, MI 48205

FOR LEASE
Auto shops
Property ID
US43-0351823
2,045 SF 0.23 ac lot Built 1957
Last sale Nov 2013 · $2,400
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a block-built flex building constructed in 1957, providing just under 2,000 square feet of open commercial space. The interior features high ceilings and includes steel roll-down and bay doors, with the layout separated into two distinct areas suitable for a combination of office/administrative space and customer-facing operations. The building has a bathroom that was updated in 2024 and includes an updated air conditioning unit. A fenced yard extends the usable site area for…

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 · 2020

What does the county charge?
$5k
Tax billed · 2020
Assessed value · 2024$61k
Effective rate8.63%

Value estimate

· Oct 2026
$300k
$270k – $330k
NOI build-up
Gross scheduled income$13k
Vacancy & credit loss−$663
Operating expenses−$4k
NOI · 578.47% cap applied$9k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$61/SF
Submarket average, outlier-cleaned · 279 recorded sales of this use type
Observed band · Q1–Q3$29 – $104
Qualifying comparables13

Cap rate analysis

How does the asset earn?
578.47%
$9k 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?
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 agency40.1
Law Firm36.0
Dental Office29.6

Location

12930 E Mcnichols Rd Detroit, MI 48205
County assessor Recorded deeds · 9 transfers 13 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15224 8th Mile, Detroit, MI 48205-1353 $80,000 Jan 2024 1,860 SF
12438 8th Mile, Detroit, MI 48205-1045 $250,000 Jul 2021 1,902 SF
14041 Gratiot, Detroit, MI 48205-2867 $110,000 Aug 2020 2,150 SF
12000 Mcnichols, Detroit, MI 48205-3340 $13,031 Dec 2019 2,077 SF
15015 7th Mile, Detroit, MI 48205-2454 $7,000 Mar 2019 1,920 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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