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Property profile & analytics
OFF-MARKET Estimated value $595,000
Strip malls

13701 9th Mile Rd Oak Park, MI 48237-2773

14,286 SF 0.37 ac lot Built 1952
Entity Owned 21-yr Hold Free & Clear
Property ID
US43-1707950
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1952
Total area 14,286 SF
Lot 0.37 ac (16,117 SF)
Zoning code B-1
APN 52-25-31-227-002
UPID US43-1707950
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
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$480k
Blend (final) Blend
$595k
Owner & transaction history
Sharon Park Associates LLC · 21 yrs held
Sharon Park Associates LLC
since 2004
2 recorded transactions
2004
Price N/A
2004
Price N/A
Zoning & alternative use
B-1 · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-1 neighborhood business. The B-1 neighborhood business districts are intended to meet the day-to-day convenience shopping and service needs of persons residing in nearby residential areas. b. B-2 general business. The B-2 general business districts are intended to accommodate more intensive businesses that cater to a larger consumer market than those typic…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 10.36 ac
Source code of ordinances
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