Property profile

940 9th Mile Rd Ferndale, MI 48220

OFF-MARKET
Individual retail properties
Property ID
US43-1783258
563 SF 0.05 ac lot Built 1950
Entity Owned 17-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Individual retail properties
Use group BARBER, HAIR SALON
Year built 1950
Total area 563 SF
Lot 0.05 ac (2,178 SF)
Zoning code BI
APN 24-25-28-479-030
UPID US43-1783258

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

940 9th Mile Rd Ferndale, MI 48220-1222
Ferndale metro Census 173200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2009
3 recorded transactions
2009
$335,000
2005
Price N/A
2004
Price N/A

Zoning & alternative use

BI · Ferndale, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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