Property profile

14925 11th Mile Rd Oak Park, MI 48237

OFF-MARKET
Industrial properties
Property ID
US43-0290374
81,262 SF 7.78 ac lot
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 81,262 SF
Lot 7.78 ac (338,897 SF)
Zoning code LI
APN 52-25-19-126-001
UPID US43-0290374

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Auto Parts Store (Bike/Boat/Book/etc) Store

Location

14925 11th Mile Rd Oak Park, MI 48237-1013
Oak Park metro Census 171000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.08M
Comparable Approach Comparable
$4.01M
Blend (final) Blend
$5.14M

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

LI · Oak Park, MI
Zoning description

LI light industrial. The light industrial district regulations are established to provide sites for manufacturing plants, warehousing, research laboratories and similar uses. Development is limited to uses that can be ca…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $7.4M +10.6%
Restaurant $7.4M +10.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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