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Property profile & analytics
OFF-MARKET
Outlet malls
17242 Greydale Ave, Detroit, MI 48219-3248
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1578290
Property summary
AI-generated overview
This exceptional 12,040-square-foot warehouse and storefront property, located at 17242 Greydale Ave, Detroit, MI 48219, presents a unique investment opportunity. Situated on a 0.63-acre lot (27,387 square feet), this single-tenant building boasts a prime location in the revitalizing Old Redford submarket, near the Redford Theatre and a thriving community village. Built in 1940 and extensively renovated in 2020, the property features a 16-foot clear ceiling height, two drive-in doors, and ample parking for 20 vehicles. The flexible space, zoned B3, is ideal for various uses including retail, industrial, manufacturing, distribution, or a creative studio. The open floor plan offers 12,040 square feet of vacant space, ready for immediate occupancy. The building benefits from a new roof and twelve rooftop AC units. This property offers high visibility due to its location at a major intersection. Available November 1, 2024, this property is also available for sale and is located in an Opportunity Zone.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1940
Total area
12,040 SF
Lot
0.63 ac (27,443 SF)
Zoning code
B4
APN
22112707.
UPID
US43-1578290
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
313 Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Baldwin Assets LLC
Baldwin Assets LLC
since 2026
Last sale
$91,000
5 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$5,728
Tax year 2020
Assessed value
$100,700
Assessed 2024
Previous assessed
$85,300
+18.1% YoY
Effective rate
5.69%
On assessed value
Total market value
$201,400
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
12,040 SF
Lot
0.63 ac (27,443 SF)
Zoning code
B4
APN
22112707.
UPID
US43-1578290
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Baldwin Assets LLC
Entity
Mailing address
22824 BRAYDON CT, NOVI, MI 48374-3721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Baldwin Assets LLC
17242 Greydale LLC
Warranty Deed
$550,000 · Financial Plus Cu
Apr 12, 2021
—
17242 Greydale LLC
James Hwang
Intrafamily Transfer
related
—
Oct 17, 2018
$91,000
James Hwang
Hvp Investment Corp
Warranty Deed
—
Nov 18, 2011
$10,600
Hvp Investment Corp
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 15, 2011
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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