Property profile

22401 12th Mile Rd Saint Clair Shores, MI 48081

OFF-MARKET
Commercial real estate
Property ID
US43-1488978
20,006 SF 1.48 ac lot Built 1968
Trust Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 20,006 SF
Lot 1.48 ac (64,469 SF)
Zoning code RM-1
APN 09-14-11-354-032
UPID US43-1488978

Cap rate & NOI

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

Location

22401 12th Mile Rd Saint Clair Shores, MI 48081-1332
Saint Clair Shores metro Census 250600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.25M
Blend (final) Blend
$475k

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2008
Price N/A

Zoning & alternative use

RM-1 · Saint Clair Shores, MI
Zoning description

CTS Expand ARTICLE V. - RB TWO-FAMILY RESIDENTIAL DISTRICT ARTICLE V. - RB TWO-FAMILY RESIDENTIAL DISTRICT Expand ARTICLE VI.5. - PD PHILANTHROPIC DISTRICT ARTICLE VI.5. - PD PHILANTHROPIC DISTRICT Expand ARTICLE VII. -…

General category RESIDENTIAL
Top alternative use upside
Restaurant $2.8M +37.9%
Medical building $2.5M +19.5%

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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