Property profile

22501 12th Mile Rd Saint Clair Shores, MI 48081

OFF-MARKET
Commercial real estate
Property ID
US43-1401676
27,935 SF 1.57 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1972
Total area 27,935 SF
Lot 1.57 ac (68,215 SF)
Zoning code RM-1
APN 09-14-11-354-033
UPID US43-1401676

Cap rate & NOI

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

Location

22501 12th Mile Rd Saint Clair Shores, MI 48081-2501
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
$2.91M
Blend (final) Blend
$2.92M

Owner & transaction history

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 $4.0M +37.9%
Medical building $3.4M +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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