Financial
Distress signals
Property profile

16221 8th Mile Rd Detroit, MI 48235

OFF-MARKET
Motels
Property ID
US43-0395608
25,248 SF 0.56 ac lot Built 1959
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?

$20k
Tax billed · 2020
Assessed value$332k
Effective rate6.14%
Value estimate · Sep 2026
$320k
$288k – $352k
Sales comparison$905k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$62/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$31 – $98
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?

B4
), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business Distr...
General categoryCOMMERCIAL
JurisdictionWAYNE
Location intelligence

Which uses thrive at this corner?

Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.0
Building Supply15.6
Wholesale Shop14.9

Location

16221 8th Mile Rd Detroit, MI 48235-2104
County assessor Recorded deeds · not on file Comp sales · not on file 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 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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More about this property
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