Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

18585 Allen Rd Melvindale, MI 48122

FOR SALE
Individual retail properties
Property ID
US43-4247313
3,200 SF 0.18 ac lot
Last sale Jun 2024 · $161,200
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, located at 18585 Allen Road in the heart of Melvindale, Michigan, presents a fantastic investment opportunity. The building offers approximately 3000 square feet of versatile commercial space, ideally suited for a variety of businesses. The layout is designed with two distinct spaces, providing flexibility for multiple tenants or a single occupant requiring separate areas. This allows for diverse operational needs and potential for increased revenue…

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 · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$154k
Effective rate4.03%

Value estimate

· Nov 2026
$160k
$144k – $176k
AI approach$160k
NOI build-up
Gross scheduled income$46k
Vacancy & credit loss−$3k
Operating expenses−$13k
NOI · 7.77% cap applied$30k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
7.77%
$30k 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?
R1 1 FA
JurisdictionWAYNE

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 agency22.6
Law Firm17.3
Spa & Massage13.6

Location

18585 Allen Rd Melvindale, MI 48122
County assessor Recorded deeds · 5 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18061 Allen, Melvindale, MI 48122-1571 $195,000 Apr 2024 3,325 SF
17355 Allen, Melvindale, MI 48122-1024 $200,000 May 2023 2,449 SF
19219 Allen, Melvindale, MI 48122-1619 $325,000 Oct 2022 3,067 SF
3105 Oakwood, Melvindale, MI 48122-1211 $55,000 May 2022 1,960 SF
18531 Allen, Melvindale, MI 48122-1515 $130,000 May 2021 2,540 SF
18550 Allen, Melvindale, MI 48122-1516 $140,000 Apr 2019 3,500 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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