Realmo Analytics

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Property profile

2203 W Mcnichols Rd Hamtramck, MI 48212

FOR SALE
Other commercial real estate
Property ID
US43-1554577
7,400 SF 0.32 ac lot Built 2006
Last sale Jan 2025 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An industrial warehouse built in 2003 with durable metal construction, providing approximately 30-foot clear height for loading and storage. The facility includes two drive-in bays for material handling and has electrical service rated at 400–800 amps with three-phase power. A 1,500 sq ft second-floor office area separates administrative space from warehouse operations. The property is located in Detroit on E. McNichols Road on a 1.00-acre lot, with a fenced parking area and 10 standard parking…

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 · 2020

What does the county charge?
$5k
Tax billed · 2020
Assessed value · 2024$166k
Effective rate2.75%

Value estimate

· Nov 2026
$55k
$50k – $61k
CAP approach$1.35M
Submarket $/SF estimate$1.05M
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 13.59% cap applied$50k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$91/SF
Submarket average, outlier-cleaned · 293 recorded sales of this use type
Observed band · Q1–Q3$34 – $170
Qualifying comparables10

Cap rate analysis

How does the asset earn?
13.59%
$50k 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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
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 agency23.5
Law Firm21.4
Dental Office19.1

Location

2203 W Mcnichols Rd Hamtramck, MI 48212
County assessor Recorded deeds · 2 transfers 10 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3105 Holbrook, Hamtramck, MI 48212-3515 $78,000 Apr 2025 7,560 SF
9421 Conant, Hamtramck, MI 48212-3537 $335,000 Jan 2025 3,136 SF
2200 Poland, Hamtramck, MI 48212-3422 $415,001 Jan 2025 5,698 SF
2025 Caniff, Hamtramck, MI 48212-2953 $4,475,000 Nov 2024 7,572 SF
2922 Carpenter, Hamtramck, MI 48212-2724 $260,000 Apr 2024 7,684 SF
5102 Mcnichols, Hamtramck, MI 48212-1854 $26,000 Jun 2023 7,631 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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