Property profile

24717 Gratiot Ave Eastpointe, MI 48021

OFF-MARKET
Automotive properties
Property ID
US43-1820042
11,804 SF 0.98 ac lot Built 1981
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1981
Total area 11,804 SF
Lot 0.98 ac (42,602 SF)
Zoning code B-3
APN 02-14-30-228-024
UPID US43-1820042

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

24717 Gratiot Ave Eastpointe, MI 48021-3312
Eastpointe metro Census 258200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$430k

Owner & transaction history

since 2024
2 recorded transactions
2024
$1.8M
2011
Price N/A

Zoning & alternative use

B-3 · Eastpointe, MI
Top alternative use upside
Restaurant $1.7M +64.8%
Medical building $1.5M +42.8%
Commercial (general) $1.2M +19.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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