Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

16729 E Warren Ave Detroit, MI 48224

FOR SALE
Banks
Property ID
US43-0369583
6,459 SF 0.28 ac lot Built 1964
Last sale Nov 2023 · $51,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional 6,459-square-foot retail building, located at 16729 E Warren Ave in Detroit, Michigan, presents a unique investment opportunity. Situated on a 0.28-acre lot, this single-tenant property boasts a prominent location in the Detroit E of Woodward submarket, easily accessible via Outer Dr. Built in 1964, the two-story structure offers ample space for a variety of retail uses. The building is currently entirely vacant, providing immediate occupancy for a new tenant. Key features…

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 · 2020

What does the county charge?
$16k
Tax billed · 2020
Assessed value · 2024$254k
Effective rate6.25%

Value estimate

· Oct 2026
$90k
$81k – $99k
NOI build-up
Gross scheduled income$141k
Vacancy & credit loss−$14k
Operating expenses−$48k
NOI · 26.45% cap applied$79k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$151/SF
County average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$76 – $215

Cap rate analysis

How does the asset earn?
26.45%
$79k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.1
Realty agency17.9
Kitchen & Bath13.1

Location

16729 E Warren Ave Detroit, MI 48224
County assessor Recorded deeds · 4 transfers Qualifying 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 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17201 Mack, Detroit, MI 48224-2248 $215,000 May 2025 3,541 SF
12336 Morang, Detroit, MI 48224-1563 $110,000 Mar 2025 4,125 SF
11141 Whittier, Detroit, MI 48224-1602 $3,733 Dec 2024 3,707 SF
16215 Warren, Detroit, MI 48224-3266 $45,000 Oct 2024 3,736 SF
11444 Whittier, Detroit, MI 48224-1536 $17,000 Jul 2024 4,207 SF
17305 Harper, Detroit, MI 48224-1963 $95,000 Jul 2024 3,947 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again