Property profile

21644 Melrose Ave Southfield, MI 48075

OFF-MARKET
Industrial properties
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Property ID
US43-3302677
19,260 SF 0.52 ac Built 1989
Last sale Jan 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

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

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Nov 2026
$425k
$383k – $468k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$81/SF
County average, outlier-cleaned · 341 recorded sales of this use type
Observed band · Q1–Q3$53 – $107
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I-L
The I-L, Light Industrial District is designed so as to primarily accommodate wholesale activities, warehouses and industrial operations ...
General categoryINDUSTRIAL
JurisdictionOAKLAND

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 agency47.9
Restaurant36.6
Law Firm34.3

Location

21644 Melrose Ave Southfield, MI 48075-7905
County assessor · not on file Recorded deeds · 7 transfers 7 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20950 Boening, Southfield, MI 48075-5737 $365,000 Oct 2024 13,759 SF
21800 8th Mile, Southfield, MI 48075-5624 $1,040,000 Jun 2023 43,848 SF
18650 8th Mile, Southfield, MI 48075-4128 $325,000 Oct 2021 6,512 SF
21440 Melrose, Southfield, MI 48075-5631 $1,475,000 Dec 2020 24,900 SF
19240 8th Mile, Southfield, MI 48075-5722 $425,000 Oct 2020 9,534 SF
21270 8th Mile, Southfield, MI 48075-5666 $124,000 Apr 2019 6,963 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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