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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Warehouses
23823 Dequindre Rd, Hazel Park, MI 48030-2818
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1480507
Property summary
AI-generated overview
This exceptional Hazel Park, MI industrial property offers 19,850 square feet of versatile space, ideal for warehouse and flex operations. Situated on a 0.6-acre lot (26,136 total land acres) at 23823 Dequindre Rd, 48030, this single-tenant building boasts a 17-foot ceiling height, perfect for high-volume storage. Built in 1963 and renovated in 2001, the property includes 1,680 square feet of office space and 18,170 square feet of warehouse space. Loading is facilitated by one loading dock, two drive-in doors, and ample parking for 15 vehicles. The property features robust 1,000 amp/240-volt, 3-phase power. Zoned M1, Lt Man, this location provides convenient access, less than a mile from I-75 and I-696. The monthly gross lease price is $13,150. Note that an additional second-floor office space is not included in the total square footage. This property presents a significant opportunity for businesses seeking a well-maintained, strategically located industrial space. The property features a single story building with 200 feet of frontage.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1961
Total area
18,957 SF
Lot
0.6 ac (26,136 SF)
Zoning code
II
APN
28-25-25-430-022
UPID
US43-1480507
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
$908k
Blend (final)
Blend
$855k
Owner & transaction history
23823 Dequindre LLC · 2 yrs held
23823 Dequindre LLC
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
II · Hazel Park, 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 Hazel Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazel Park 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
Method
Estimation
Statistic approach
$915,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $800k (Nov 8 2023)
Last sale anchor
$800k
Nov 8 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$45 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,472
Tax year 2023
Assessed value
$201,570
Assessed 2024
Previous assessed
$187,840
+7.3% YoY
Effective rate
6.19%
On assessed value
Total market value
$403,140
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1961
Heating
GAS
Stories
1
Units
1
Total area
18,957 SF
Lot
0.6 ac (26,136 SF)
Zoning code
II
APN
28-25-25-430-022
UPID
US43-1480507
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Hazel Park, MI
Zoning II · permitted uses
II · Hazel Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hazel Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
GAS
Stories
1
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
23823 Dequindre LLC
Entity
Mailing address
8424 E 12TH MILE RD STE #200, WARREN, MI 48093-2741
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2023
$800,000
23823 Dequindre LLC
Gunvant Shah
Warranty Deed
$590,000 · Independent Bank
Sep 1, 2022
$230,000
Gunvant Shah
Dc Investments LLC
Warranty Deed
—
Apr 28, 2010
$525,000
Dc Investments Assocs LLC
Tabor Investments LLC
Quit Claim Deed
related
—
Apr 28, 2010
—
Gunvant Shah
Dc Invesments LLC
Grant Deed
related
—
Mar 4, 2010
—
Tabor Investments LLC
Tabor Investments
Quit Claim Deed
related
—
Jan 12, 2010
—
Tabor Investments
Tab Investments
Quit Claim Deed
related
—
Mar 26, 2001
—
Dc Investment Associates LLC
Tab Investments
Grant Deed
related
—
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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