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    Property profile & analytics

    990 8th Mile Rd Ferndale, MI 48220-2321

    • Individual retail properties
    • 3,540 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $140,000
    Last Sale
    Oct 03, 2023
    $120,000
    Location Intelligence
    Property ID
    US43-1821530
    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

    • Individual retail properties

    Property Details for 990 8th Mile Rd

    Year built
    1961
    Lot size
    0.16 lot acres
    Property size
    3,540 SF
    Zone code
    BI
    Property type
    Individual retail properties
    APN
    24-25-34-352-023
    APU
    242534352023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $165,000
      6.5%
      $140,000
      7%
      $140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $160,000
      Geo Method
      $145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $135,000
      Retail
      $130,000
      Mixed-Use
      $145,000
      Hospitality
      $150,000
      Educational
      $170,000
      Residential Income
      $150,000
      Energy
      $165,000
      Income-Based Land
      $165,000
      Food Service
      $130,000

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.141
    Latitude
    42.4466
    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
    $18,995
    $0.00
    $0.00
    $190,030
    -
    $0.00
    $0.00
    $380,060

    Comparable in this City

    • Value Estimation by Request
      552 SF

      23341 Woodward Ave

      BARBER, HAIR SALON • 552 SF
      23341 Woodward Ave, Ferndale, MI 48220-1362
      View Details
    • Value Estimation
      $130,000
      1,095 SF

      23344 Woodward Ave

      BARBER, HAIR SALON • 1,095 SF
      23344 Woodward Ave, Ferndale, MI 48220-1302
      View Details
    • Value Estimation by Request
      3,114 SF

      513 9th Mile Rd

      BARBER, HAIR SALON • 3,114 SF
      513 9th Mile Rd, Ferndale, MI 48220-1798
      View Details
    • Value Estimation by Request
      3,190 SF

      23410 Woodward Ave

      BARBER, HAIR SALON • 3,190 SF
      23410 Woodward Ave, Ferndale, MI 48220-1344
      View Details
    • Value Estimation
      $230,000
      322 SF

      435 9th Mile Rd

      BARBER, HAIR SALON • 322 SF
      435 9th Mile Rd, Ferndale, MI 48220-1793
      View Details
    • Value Estimation by Request
      2,381 SF

      431 9th Mile Rd

      DRY CLEANER • 2,381 SF
      431 9th Mile Rd, Ferndale, MI 48220-1793
      View Details

    Similar Nearby for Sale

    • $475,000
      2,644 SF

      Freestanding Retail Building in Ferndale

      2,644 SF retail building on 0.19-acre lot near downtown.
      1805 E 9 Mile Rd, Ferndale, MI 48220
      View Details
    • $925,000
      3,186 SF

      Mixed-Use Property in Ferndale, MI

      Multi-unit property with mixed-use zoning in a spirited neighborhood.
      695 Livernois St, Ferndale, MI 48220
      View Details
    • $295,000
      1,710 SF

      Renovated Office/Retail Space in Ferndale

      Recently renovated office/retail space with dedicated parking and highway access.
      1915 E 9 Mile Rd, Ferndale, MI 48220
      View Details
    • $1,150,000
      7,206 SF

      Retail Property in Ferndale, MI

      Retail property available for sale in Ferndale, Michigan.
      22061 Woodward Ave, Ferndale, MI 48220
      View Details
    • $1,100,000
      7,000 SF

      Ferndale Retail Investment Opportunity

      Woodward Ave Retail Space - High Traffic
      22061 Woodward Ave, Ferndale, MI 48220
      View Details
    • $1,890,000
      11,028 SF

      Prime Ferndale Mixed-Use Property

      11,028 SF Restaurant/Bar/Office - $1.89M
      345 Nine Mile Rd, Ferndale, MI 48220
      View Details

    Similar Nearby for Lease

    • $3,700 /Mo

      Downtown Ferndale Retail/Office Space

      Prime location in downtown Ferndale, ideal for retail or office.
      23059 Woodward Ave, Ferndale, MI 48220
      View Details
    • $28 SF/Yr
      1,354 SF

      Turnkey Bakery Space on Woodward

      Bakery space for sublease with equipment included and ample parking.
      23123-23141 Woodward Ave, Ferndale, MI 48220
      View Details
    • $14 SF/Yr
      1,850 SF

      Retail Space in Shopping Center

      Retail space available within a neighborhood shopping center.
      14301-14311 Livernois St, Detroit, MI 48220
      View Details
    • $14 SF/Yr
      26,645 SF

      Ferndale Center Retail Space Available

      Prime Ferndale retail space, multiple units.
      22304 Woodward Ave, Ferndale, MI 48220
      View Details
    • $28 SF/Yr
      1,399 SF

      Downtown Ferndale Bar/Restaurant Space

      Bar/restaurant space with a liquor license in downtown Ferndale.
      22824 Woodward Ave, Ferndale, MI 48220
      View Details
    • $16 SF/Yr
      52,703 SF

      Royal Town Center Retail Space

      Prime Royal Oak Retail Opportunity.
      8888 8 Mile Rd, Ferndale, MI 48220
      View Details

    Property Visit Statistics

    • Visits by month
      15.5k
    • Visitors by month
      10.7k
    • Avg Time on site
      6 min
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    990 8th Mile Rd
    Ferndale, MI 48220-2321
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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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