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Property profile & analytics
OFF-MARKET Estimated value $1,860,000
Strip malls

24700 Greenfield Rd Oak Park, MI 48237-6701

19,274 SF 2.9 ac lot Built 2006
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1715287
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 19,274 SF
Lot 2.9 ac (126,324 SF)
Zoning code PCD
APN 52-25-30-101-041
UPID US43-1715287
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
$1.76M
Blend (final) Blend
$1.86M
Owner & transaction history
Greenfield-10 Mile LLC · 8 yrs held
Greenfield-10 Mile LLC
since 2018
7 recorded transactions
2018
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PCD · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

PCD planned corridor development. The planned corridor development districts are designed to provide for a variety of retail and service establishments in business areas abutting major thoroughfares and so located and planned as to provide convenient customer parking, store servicing and pedestrian traffic movement within the business district and with a min…

Zone name Planned Corridor Development
General category UNKNOWN
Zone area 11.79 ac
Source code of ordinances
Top alternative use upside
Commercial (general) $1.8M +20.5%
Restaurant $1.8M +20.4%
Industrial (general) $1.6M +9.0%
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