Property profile

16000 10th Mile Rd Eastpointe, MI 48021

OFF-MARKET
Drug stores
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Property ID
US43-0119455
10,868 SF 1.23 ac Built 1999
Last sale Jan 2022·$2,321,694
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a 10,868-square-foot former CVS retail building constructed in 1999, featuring a drive-through, 64 parking spaces, and a large pylon sign. It is zoned MU-1 (Neighborhood Mixed Use), with permitted uses that include childcare centers, financial institutions, grocery stores, health and fitness clubs, medical offices, and secondhand stores. The building is located on an outlot adjacent to Forman Mills and positioned across from a Family Dollar at the signalized intersection of E.…

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 · 2022

What does the county charge?
$40k
Tax billed · 2022
Assessed value · 2023$542k
Effective rate7.39%

Value estimate

· Nov 2026
$2.33M
$2.09M – $2.56M
CAP approach$1.24M
Submarket $/SF estimate$1.15M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$51 – $106
Qualifying comparables5

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?
B-1
JurisdictionMACOMB

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 agency54.0
Law Firm37.9
Restaurant34.1

Location

16000 10th Mile Rd Eastpointe, MI 48021-1101
County assessor Recorded deeds · 3 transfers 5 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
23101 Gratiot, Eastpointe, MI 48021-1628 $590,000 May 2025 4,834 SF
23109 Gratiot, Eastpointe, MI 48021-1628 $590,000 May 2025 2,484 SF
19136 10th Mile, Eastpointe, MI 48021-1449 $230,000 Oct 2024 3,200 SF
16101 10th Mile, Eastpointe, MI 48021-1131 $625,000 Apr 2024 10,674 SF
22901 Gratiot, Eastpointe, MI 48021-1626 $1,800,000 Dec 2023 6,795 SF
20762 Kelly, Eastpointe, MI 48021-3114 $650,000 Nov 2023 3,680 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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