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    Property profile & analytics

    4001 8th Mile Rd Detroit, MI 48221-1341

    • Banks
    • 4,462 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-5006662
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 4001 8th Mile Rd

    Year built
    1973
    Lot size
    0.53 lot acres
    Property size
    4,462 SF
    Zone code
    B4
    Property type
    Banks
    APN
    02006209-12
    APU
    200620912

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1404
    Latitude
    42.4459
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $16,548
    $0.00
    $0.00
    $302,900
    -
    $0.00
    $0.00
    $605,800

    Comparable in this City

    • Value Estimation by Request
      4,246 SF

      3927 8th Mile Rd

      FINANCIAL BUILDING • 4,246 SF
      3927 8th Mile Rd, Detroit, MI 48221-1376
      View Details
    • Value Estimation by Request
      6,142 SF

      18463 Livernois Ave

      FINANCIAL BUILDING • 6,142 SF
      18463 Livernois Ave, Detroit, MI 48221-2254
      View Details
    • Value Estimation by Request
      8,305 SF

      19200 Wyoming St

      FINANCIAL BUILDING • 8,305 SF
      19200 Wyoming St, Detroit, MI 48221-3220
      View Details
    • Value Estimation by Request
      13,800 SF

      19150 Wyoming St

      FINANCIAL BUILDING • 13,800 SF
      19150 Wyoming St, Detroit, MI 48221-3220
      View Details
    • Value Estimation by Request
      5,917 SF

      18900 Livernois Ave

      FINANCIAL BUILDING • 5,917 SF
      18900 Livernois Ave, Detroit, MI 48221-2259
      View Details
    • Value Estimation by Request
      3,390 SF

      7030 7th Mile Rd

      FINANCIAL BUILDING • 3,390 SF
      7030 7th Mile Rd, Detroit, MI 48221-2239
      View Details

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      Versatile Commercial Space Available

      Adaptable 2,700+ sq ft space suitable for various businesses.
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      Commercial building with street exposure, close to highway.
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    Similar Nearby for Lease

    • $22 SF/Yr
      1,238 SF

      Mixed-Use Development on McNichols Road

      Mixed-use development with retail space in Bagley/Fitzgerald community.
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      Versatile commercial space ideal for various businesses in Detroit.
      10100 W Mcnichols Rd, Detroit, MI 48221
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    • $19 SF/Yr
      2,800 SF

      Retail Space on Livernois Avenue

      2800 SF retail space available for lease.
      19147 Livernois Ave, Detroit, MI 48221
      View Details
    • $2,100 /Mo

      Versatile Commercial Storefront on Livernois Avenue

      Commercial storefront with excellent visibility and flexible space for rent.
      18955 Livernois Ave, Detroit, MI 48221
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    • $1,000 /Mo
      1,742 SF

      Renovated Retail Space in Detroit

      Recently renovated retail space with upgraded electrical and modern finishes.
      18113 Wyoming St, Detroit, MI 48221
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    • $2,350 /Mo

      Livernois Avenue Retail/Restaurant Space

      Versatile commercial space on Detroit's historic Avenue of Fashion.
      18957 Livernois Ave, Detroit, MI 48221
      View Details

    Property Visit Statistics

    • Visits by month
      13.4k
    • Visitors by month
      7.6k
    • Avg Time on site
      9 min
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    Detroit, MI 48221-1341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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