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Financial
Distress signals
Property profile

23300 W Davison St Detroit, MI 48223

FOR LEASE
Commercial land
Property ID
US43-1287622
0.64 ac lot
Last sale May 2024 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$14k

Value estimate

· Oct 2026
$650k
$585k – $715k
AI approach$650k
NOI build-up
Gross scheduled income$622k
Vacancy & credit loss−$142k
Operating expenses−$120k
NOI · 2,568,914.29% cap applied$360k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
2,568,914.29%
$360k 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?
R1
The R1 single family residential district is designed to protect and preserve quiet, low density residential areas now primarily develope...
General categoryRESIDENTIAL
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 agency15.0
Dental Office14.7
Law Firm14.3

Location

23300 W Davison St Detroit, MI 48223
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15323 Pierson, Detroit, MI 48223-1624 $20,000 Apr 2025 No data
19600 Schoolcraft, Detroit, MI 48223-2813 $109,000 Feb 2025 No data
19606 Schoolcraft, Detroit, MI 48223-2813 $109,000 Feb 2025 No data
19416 Grand Riv, Detroit, MI 48223-1221 $126,000 Jul 2024 No data
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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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