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Financial
Distress signals
Property profile

6450 E Hancock St Detroit, MI 48207

FOR SALE
Other warehouses
Property ID
US43-1475275
8,343 SF 0.59 ac lot Built 1943
Last sale Aug 2022 · $95,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 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

An industrial property completed in 2024, located approximately 1.5 miles from Downtown Detroit. The building is zoned M4 and is configured for owner-occupier or investor use. Interior features include three private offices, a modern customer-facing lobby, and two updated restrooms. A spacious garage/workshop area supports industrial or commercial activities, and the property includes asphalt milling with capacity for over 50 vehicles, which can support fleet operations, customer vehicle…

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 · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value · 2024$61k
Effective rate7.82%

Value estimate

· Oct 2026
$90k
$81k – $99k
NOI build-up
Gross scheduled income$73.20M
Vacancy & credit loss−$3.72M
Operating expenses−$20.84M
NOI · 12,632.99% cap applied$48.64M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$32/SF
Submarket average, outlier-cleaned · 187 recorded sales of this use type
Observed band · Q1–Q3$13 – $52
Qualifying comparables6

Cap rate analysis

How does the asset earn?
12,632.99%
$48.64M 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?
M4
The M4 intensive industrial district permits objectionable industrial uses, restricts new residential construction except for loft conver...
General categoryINDUSTRIAL
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 agency31.7
Law Firm24.1
Building Supply21.5

Location

6450 E Hancock St Detroit, MI 48207
County assessor Recorded deeds · 4 transfers 6 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
2238 Mt Elliott, Detroit, MI 48207-3468 $340,000 Sep 2024 6,722 SF
654 Mt Elliott, Detroit, MI 48207-4314 $850,000 Aug 2024 6,616 SF
6445 Jefferson, Detroit, MI 48207-4307 $325,000 Feb 2023 9,334 SF
3256 Bellevue, Detroit, MI 48207-2537 $710,000 Apr 2022 11,640 SF
2800 Riopelle, Detroit, MI 48207-4813 $400,000 Mar 2022 5,983 SF
2460 Bellevue, Detroit, MI 48207-3535 $140,000 Oct 2021 8,232 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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