Realmo Analytics

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

Property profile

19197 Sherwood St Detroit, MI 48234

FOR LEASE
Manufacturing properties
Property ID
US43-1842092
45,004 SF 1.19 ac lot Built 1948
Last sale Jul 2026
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.
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Property summary

AI-generated overview

The property consists of a 54,924-square-foot industrial space configured for manufacturing use. It includes a 7.5-ton overhead crane and heavy electrical capacity supported by bus duct systems.

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?
$25k
Tax billed · 2023
Assessed value · 2024$323k
Effective rate7.78%

Value estimate

· Nov 2026
$430k
$387k – $473k
Submarket $/SF estimate$904k
NOI build-up
Gross scheduled income$402k
Vacancy & credit loss−$20k
Operating expenses−$114k
NOI · 9,713,963.64% cap applied$267k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$40/SF
Submarket average, outlier-cleaned · 223 recorded sales of this use type
Observed band · Q1–Q3$20 – $68
Qualifying comparables11

Cap rate analysis

How does the asset earn?
9,713,963.64%
$267k 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?
M4
The M4 intensive industrial district permits objectionable industrial uses, restricts new residential construction except for loft conver...
General categoryINDUSTRIAL
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 agency38.5
Law Firm33.5
Dental Office22.2

Location

19197 Sherwood St Detroit, MI 48234
County assessor Recorded deeds · 2 transfers 11 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3840 Outer, Detroit, MI 48234-2946 $200,000 Aug 2024 33,446 SF
20050 Sherwood, Detroit, MI 48234-2925 $10,000 Jan 2023 2,400 SF
18055 Van Dyke, Detroit, MI 48234-3652 $99,000 Dec 2021 3,616 SF
18600 Mt Elliott, Detroit, MI 48234-2708 $45,000 Jun 2021 2,400 SF
20100 Sherwood, Detroit, MI 48234-2927 $149,500 Oct 2019 5,912 SF
19671 Mt Elliott, Detroit, MI 48234-2726 $30,000 Sep 2019 3,600 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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