Property profile

15160 8th Mile Rd Oak Park, MI 48237

OFF-MARKET
Warehouses
Property ID
US43-1511733
43,113 SF 1.73 ac lot Built 1967
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1967
Total area 43,113 SF
Lot 1.73 ac (75,359 SF)
Zoning code LI
APN 52-25-31-351-037
UPID US43-1511733

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
  • Storage Facility

Location

15160 8th Mile Rd Oak Park, MI 48237-3007
Oak Park metro Census 171500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$740k

Owner & transaction history

since 2015
1 recorded transaction
2015
$255,000

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

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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