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Property profile & analytics
OFF-MARKET
Retail space
23716 Gratiot Ave, Eastpointe, MI 48021-1647
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0174716
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Marcus Jarbo · 1 yrs held
Marcus Jarbo
since 2025
Last sale
$100,000
2 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
$2,546
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
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
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, 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
1954
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Marcus Jarbo
Individual
Free & Clear · 1 yrs held
Mailing address
51194 ROMEO PLANK RD #327, MACOMB, MI 48042-4111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
$100,000
Marcus Jarbo
S Investment Properties LLC
Warranty Deed
—
Jul 28, 2014
$20,000
Djs Investment Properties LLC
Dikowski,mark
Warranty Deed
—
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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