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Property profile & analytics
OFF-MARKET
Outlet malls
22137 Gratiot Ave Eastpointe, MI 48021-2260
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-1744155
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1966
Total area
1,440 SF
Lot
0.09 ac (3,920 SF)
Zoning code
B-3
APN
02-14-31-151-026
UPID
US43-1744155
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
East Detroit Glass Co Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Trailer Transit Incorporated · 2 yrs held
Trailer Transit Incorporated
since 2024
Last sale
$65,000
6 recorded transactions
Zoning & alternative use
B-3 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Eastpointe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastpointe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,617
Tax year 2022
Assessed value
$37,000
Assessed 2023
Previous assessed
$37,000
+0.0% YoY
Effective rate
7.07%
On assessed value
Total market value
$74,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Stories
1
Total area
1,440 SF
Lot
0.09 ac (3,920 SF)
Zoning code
B-3
APN
02-14-31-151-026
UPID
US43-1744155
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Eastpointe, MI
Zoning B-3 · permitted uses
B-3 · Eastpointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eastpointe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Trailer Transit Incorporated
Individual
Free & Clear · 2 yrs held
Mailing address
50388 PINNACLE WOODS LN, MACOMB, MI 48042-5533
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
—
Trailer Transit Incorporated
Russell Marcilis
Intrafamily Transfer
related
—
Mar 23, 2022
$65,000
Russell Marcilis
Douglas E Fowler
Warranty Deed
—
Mar 23, 2022
—
Douglas E Fowler
Mary Christine Keitz
Quit Claim Deed
related
—
Jul 16, 2019
—
Douglas Fowler
Fowler,dennis
Quit Claim Deed
related
—
Nov 15, 2017
—
Fowler,douglas E & Angela C Trust
Fowler,douglas E
Quit Claim Deed
related
—
Dec 14, 2009
—
Florence G Fowler
Fowler,florence G
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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