Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19116 10th Mile Rd Eastpointe, MI 48021-1449
    Back to Search
    Property profile & analytics

    19116 10th Mile Rd, Eastpointe, MI 48021-1449

    View on Map
    • Turn key restaurants
    • 1,600 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US43-1680167
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 5 Star Restaurant Breakfast & Lunch / Restaurant

    Property Details for 19116 10th Mile Rd

    Year built
    1957
    Lot size
    0.09 lot acres
    Zone code
    B-1
    Property type
    Turn key restaurants
    APN
    02-14-28-126-023
    APU
    21428126023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 6, 2019 — Al Palushi Properties LLC Palushi,alfred Quit Claim Deed · related —
    Oct 15, 2018 $110,000 Alfred Palushi Shepherd,kathleen Warranty Deed —
    Jun 17, 2010 — Lorraine A Serafino Serafino,lorraine A Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9211
    Latitude
    42.4799
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,987
    $0.00
    $0.00
    $58,400
    -
    $0.00
    $0.00
    $116,800

    Comparable in this City

    • Value Estimation by Request
      3,680 SF

      15351 10th Mile Rd

      RESTAURANT
      15351 10th Mile Rd, Eastpointe, MI 48021-1011
      View Details
    • Value Estimation by Request
      2,400 SF

      19160 10th Mile Rd

      RESTAURANT
      19160 10th Mile Rd, Eastpointe, MI 48021-1449
      View Details
    • Value Estimation by Request
      1,960 SF

      17317 8th Mile Rd

      RESTAURANT
      17317 8th Mile Rd, Eastpointe, MI 48021-3111
      View Details
    • Value Estimation by Request
      1,034 SF

      18000 9th Mile Rd

      RESTAURANT
      18000 9th Mile Rd, Eastpointe, MI 48021-1867
      View Details
    • Value Estimation by Request
      3,366 SF

      22151 Gratiot Ave

      RESTAURANT
      22151 Gratiot Ave, Eastpointe, MI 48021-2260
      View Details
    • Value Estimation by Request
      1,600 SF

      19156 10th Mile Rd

      RESTAURANT
      19156 10th Mile Rd, Eastpointe, MI 48021-1449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,154 SF

      Eastpointe NNN Leased Restaurant

      NNN leased restaurant property with a strong franchisee guarantee.
      18001 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $189,950
      652 SF

      Eastpointe Commercial Building For Sale

      Commercial building in a vibrant neighborhood, suitable for various businesses.
      15801 E 10 Mile Rd, Eastpointe, MI 48021
      View Details
    • $700,000

      Updated Retail Property in Eastpointe

      Recently remodeled retail property with high visibility and ample parking.
      14700 East 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      652 SF

      Eastpointe Commercial Building For Sale

      Commercial building suitable for restaurant or retail use in Eastpointe.
      15801 E 10 Mile Rd, Eastpointe, MI 48021
      View Details
    • $450,000

      Renovated Commercial Property with Drive-Through

      Move-in ready commercial space with drive-through in Eastpointe, MI.
      17744 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • Contact for pricing
      3,420 SF

      Detroit Wing Company Investment Opportunity

      NNN investment opportunity with a new 12-year lease.
      17535 E 9 Mile Rd, Eastpointe, MI 48021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Center with Drive-Thru

      Proposed retail center with drive-thru for lease.
      19000 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $7,000 /Mo

      Eastpointe Manor Retail/Office/Entertainment Venue

      Iconic Eastpointe Manor ideal for retail, office, or entertainment use.
      24611 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • Contact for pricing

      Freestanding Restaurant and Office/Retail Space

      Restaurant and office/retail spaces available for lease.
      17265-17275 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $3,000 /Mo

      Retail Space in Strip Center

      2,652 sq ft space in Eastpointe, MI for lease.
      14976 10 Mile Rd, Eastpointe, MI 48021
      View Details
    • $7,019 /Mo
      5,560 SF

      Restaurant Space with FF&E

      Former restaurant space with existing FF&E and ample parking for a quick operator transition.
      25001 Gratiot Ave, Eastpointe, MI 48021
      View Details
    • $2,000 /Mo
      1,904 SF

      Eastpointe Retail Space For Rent

      Retail space available for lease in Eastpointe, Michigan.
      16906 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19116 10th Mile Rd
    Eastpointe, MI 48021-1449
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19116 10th Mile Rd, Eastpointe, MI, 48021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!