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Financial
Distress signals
Property profile

3703 Fenkell St Detroit, MI 48238

FOR SALE
Office buildings
Property ID
US43-1718358
2,048 SF 0.07 ac lot Built 1930
Last sale Oct 2016 · $5,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A historic limestone commercial building constructed in 1930, previously used as a bank, located in the Fenkell/Dexter corridor. The property includes a 2,048-square-foot above-grade structure with an additional 1,024-square-foot basement and an 8,533-square-foot side lot. The building is zoned B2 – General Business District and is equipped with three forced-air heating units. Interior features include a full bath and a kitchen area on the entry level, with second-level office space that…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$2k
Tax billed · 2020
Assessed value · 2024$72k
Effective rate2.68%

Value estimate

· Oct 2026
$65k
$59k – $72k
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$2k
Operating expenses−$11k
NOI · 15.86% cap applied$25k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$62/SF
Submarket average, outlier-cleaned · 206 recorded sales of this use type
Observed band · Q1–Q3$25 – $102
Qualifying comparables9

Cap rate analysis

How does the asset earn?
15.86%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
The B2 local business and residential district provides for the day to day consumer goods and services required to serve a small resident...
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency42.2
Law Firm37.3
Spa & Massage26.3

Location

3703 Fenkell St Detroit, MI 48238
County assessor Recorded deeds · 1 transfer 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8024 Chalfonte, Detroit, MI 48238-1806 $10,000 May 2025 1,489 SF
10711 Puritan, Detroit, MI 48238-1022 $55,000 Feb 2025 3,302 SF
8651 Fenkell, Detroit, MI 48238-1703 $50,000 Jan 2024 2,132 SF
7759 Fenkell, Detroit, MI 48238-1964 $33,000 Apr 2023 2,928 SF
15819 Wyoming, Detroit, MI 48238-1136 $100,000 Jul 2022 3,665 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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