Individually Owned Property summary
AI-generated overview
This 1,141-square-foot commercial building, located at 23716 Gratiot Ave in Eastpointe, Michigan (48021), is currently vacant and available for $110,000. The property, built in 1954 and renovated in 2015, is classified as a Class B building and features one story and one unit. It sits on a 0.086-acre lot and offers eight parking spaces. The building's zoning is B-3, making it suitable for a variety of uses. The interior includes an office, showroom, and warehouse space, ideal for contractors. A key feature is an 8'x9' garage door, providing convenient access for vehicles and equipment. The property boasts excellent visibility due to its Gratiot Avenue frontage and benefits from easy access to major roadways, including I-94 and 696. The price per square foot is $113.06. This owner-user investment opportunity presents a strong value proposition for a business seeking a well-maintained space with convenient access and high visibility.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Construction
CONCRETE BLOCKS
Total area
1,141 SF
Lot
0.09 ac (3,746 SF)
Zoning code
B-3
APN
02-14-30-406-005
UPID
US43-0174716
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$85k
Owner & transaction history
since 2025
Last sale
$100,000
2 recorded transactions
Zoning & alternative use
B-3 · Eastpointe, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$85k
Value range
$77k – $94k
±10% around blend
Estimated value / SF
$74 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$77k
blend $85k
$94k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,141 SF
Lot area
0.09 ac
Year built
1954
Stories
1
APN
02-14-30-406-005
Zoning
B-3
Assessed value
$38,100
Annual tax
$2,546
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$262k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.9 mi away · 1,232 SF
4.5 mi away · 980 SF
5.3 mi away · 1,139 SF
7.9 mi away · 1,135 SF
8.9 mi away · 1,236 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$85k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 67 sales
$75
0%
Submarket 67 sales
$75
0%
County 339 sales
$104
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $74/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$100k
Move the market yield to see immediate price impact.
Value / SF
$88
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$6k
$126k
$90k
$70k
$7k
$140k
$100k
$78k
$8k
$154k
$110k
$86k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$150k
3.4 mi · Nov 2025 · $125/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,546
Tax year 2022
Assessed value
$38,100
Assessed 2023
Previous assessed
$34,300
+11.1% YoY
Effective rate
6.68%
On assessed value
Total market value
$76,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
1,141 SF
Lot
0.09 ac (3,746 SF)
Zoning code
B-3
APN
02-14-30-406-005
UPID
US43-0174716
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Eastpointe, MIZoning B-3 · permitted uses
B-3 · Eastpointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-3
Jurisdiction
Eastpointe, MI
Recorded code
B-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Eastpointe, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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