Realmo Analytics

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Financial
Distress signals
Property profile

8500 Woodward Ave Detroit, MI 48202

FOR SALE
Strip malls
Property ID
US43-0842959
13,068 SF 0.86 ac lot Built 1973
Last sale Jun 2005 · $332,766
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 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

The property consists of a retail space in Detroit’s North End neighborhood on Woodward Avenue, with an available size range of 945 to 1,890 square feet. It is positioned for street access at Woodward Avenue and East Philadelphia Street and includes ample onsite parking and large pylon signage. Transit accessibility is supported by a bus stop located less than one block away. The site is connected to major routes including M-10, I-75, and I-96 (all within a short drive). Walkable nearby…

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?
$25k
Tax billed · 2020
Assessed value · 2024$393k
Effective rate6.38%

Value estimate

· Oct 2026
$400k
$360k – $440k
Submarket $/SF estimate$1.04M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$35 – $91
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon17.7
Building Supply16.0
Nail Salon15.8

Location

8500 Woodward Ave Detroit, MI 48202
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

1 recorded sale · 12 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
820 Baltimore, Detroit, MI 48202-2904 $211,000 Sep 2019 6,912 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
3 properties of the same type nearby
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More about this property
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