Financial
Distress signals
Property profile

8301 Lyndon St Detroit, MI 48238

FOR SALE
Warehouses
Property ID
US43-0921245
26,947 SF 0.99 ac lot Built 1946
Last sale Jun 2024 · $372,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 27,000-square-foot industrial distribution center, located at 8301 Lyndon St in Detroit, Michigan, presents a compelling investment opportunity. Situated on a 0.99-acre lot, this property boasts a strategic location within Wayne County, zip code 48238. Built in 1946, the building is zoned M4, allowing for a variety of industrial uses. The warehouse features five overhead doors and one interior truck well, ensuring efficient loading and unloading operations. In addition to

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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$221k
Effective rate2.18%

Value estimate

· Sep 2026
$370k
$333k – $407k
AI approach$370k
NOI build-up
Gross scheduled income$198k
Vacancy & credit loss−$10k
Operating expenses−$56k
NOI · 26.53% cap applied$131k

Realmo valuation models over county records and 3 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 comparables3

Cap rate analysis

How does the asset earn?
26.53%
$131k 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 agency41.5
Law Firm37.3
Restaurant21.1

Location

8301 Lyndon St Detroit, MI 48238
County assessor Recorded deeds · 4 transfers 3 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
990 Oakman, Detroit, MI 48238-2960 $750,000 Jun 2024 10,452 SF
7351 Lyndon, Detroit, MI 48238-2403 $1,140,000 Jun 2024 69,061 SF
3033 Bourke, Detroit, MI 48238-2170 $395,000 Nov 2023 20,795 SF
14313 Wyoming, Detroit, MI 48238-2378 $300,000 Oct 2022 10,867 SF
2239 Fenkell, Detroit, MI 48238-2852 $750,000 Aug 2022 32,568 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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