Property profile

21800 Gratiot Ave Eastpointe, MI 48021

OFF-MARKET
Automotive properties
Property ID
US43-4734394
28,444 SF 0.97 ac lot Built 1947
Entity Owned 8-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1947
Total area 28,444 SF
Lot 0.97 ac (42,123 SF)
Zoning code B-3
APN 02-14-31-179-002
UPID US43-4734394

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
  • Car Dealership Auto Repair Shop

Location

21800 Gratiot Ave Eastpointe, MI 48021-2224
Eastpointe metro Census 258700 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
$1.86M
Blend (final) Blend
$590k

Owner & transaction history

since 2017
5 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
2017
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Eastpointe, MI
Top alternative use upside
Commercial (general) $2.9M +19.5%
Office building $2.7M +10.2%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21800 Gratiot Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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