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    Property profile & analytics

    900 8th Mile Rd Ferndale, MI 48220-2311

    • Drive through restaurants
    • 1,324 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 19, 2024
    Location Intelligence
    Property ID
    US43-1716640
    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

    • Drive through restaurants

    Property Details for 900 8th Mile Rd

    Year built
    1984
    Lot size
    0.23 lot acres
    Property size
    1,324 SF
    Zone code
    BI
    Property type
    Drive through restaurants
    APN
    24-25-34-353-042
    APU
    242534353042

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1397
    Latitude
    42.4467
    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
    2023
    $7,735
    $0.00
    $0.00
    $177,640
    -
    $0.00
    $0.00
    $355,280

    Comparable in this City

    • Value Estimation by Request
      2,612 SF

      22555 Woodward Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,612 SF
      22555 Woodward Ave, Ferndale, MI 48220-1840
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    • Value Estimation by Request
      3,751 SF

      22230 Woodward Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,751 SF
      22230 Woodward Ave, Ferndale, MI 48220-1815
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    • Value Estimation by Request
      2,026 SF

      1200 8th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,026 SF
      1200 8th Mile Rd, Ferndale, MI 48220-2339
      View Details
    • Value Estimation by Request
      1,988 SF

      1045 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,988 SF
      1045 9th Mile Rd, Ferndale, MI 48220-1264
      View Details
    • Value Estimation by Request
      3,131 SF

      22525 Woodward Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,131 SF
      22525 Woodward Ave, Ferndale, MI 48220-1840
      View Details
    • Value Estimation by Request
      1,988 SF

      21900 Woodward Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,988 SF
      21900 Woodward Ave, Ferndale, MI 48220-2519
      View Details

    Similar Nearby for Sale

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      Freestanding Retail Building in Ferndale

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      Ferndale Retail Investment Opportunity

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    Similar Nearby for Lease

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      Royal Town Center Retail Space

      Prime Royal Oak Retail Opportunity.
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      Retail Space in Shopping Center

      Retail space available within a neighborhood shopping center.
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    900 8th Mile Rd
    Ferndale, MI 48220-2311
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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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