Property profile

21500 Gratiot Ave Eastpointe, MI 48021

OFF-MARKET
Warehouses
Property ID
US43-0583774
92,610 SF 1.76 ac lot Built 2005
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2005
Total area 92,610 SF
Lot 1.76 ac (76,491 SF)
Zoning code B-3
APN 02-14-31-307-008
UPID US43-0583774

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

21500 Gratiot Ave Eastpointe, MI 48021-2856
Eastpointe metro Census 258800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.11M
Blend (final) Blend
$2.38M

Owner & transaction history

since 2017
5 recorded transactions
2017
$2.5M
2010
$2.6M
2005
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Eastpointe, MI
Top alternative use upside
Auto repair, garage $8.0M +27.5%
Retail stores $6.9M +10.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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