Brownstown Assisted Living
19341 Allen Rd Brownstown, MI 48183
For Sale
$4,250,000
30,270 sq. ft. assisted living facility for sale.
Property Size30,270 SF
Price / SF$140.40
Days on Market143
Property Features for 19341 Allen Rd
General Information
Standard status
Active
Size
30,270 SF
Property subtype
Office
Building Details
Year Built
2002
Listing Agency:
Signature Associates Southfield
(248) 761-2370
Listed By:
Scott Elliott · License #6506044232
(248) 761-2370
Source:
Tcnworldwide
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 27 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates Southfield
Investment Insights
Based on property information with market context.
The Brownstown Forest View Assisted Living facility is a 30,270 square foot property containing 57 units.
Key Highlights
- 30,270 sq.ft. Assisted Living Facility
- 57 Units
- Brownstown Forest View Location
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $526.7k | $17.40 |
| − Vacancy | −$30.5k | −$1.01 |
| EGI | $496.1k | $16.39 |
| − OpEx | −$223.3k | −$7.38 |
| NOI | $272.9k | $9.01 |
30,270 SF · lease $17.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.90M
$3.41M – $4.55M
NOI $272,882 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.60M
$4.90M – $6.54M
NOI $392,299 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Brownstown Forest View Assisted Living — 19341 Allen Rd, Brownstown Charter Twp, MI 48183
Frequently Asked Questions
What type of property is this?
Assisted living facility - 30,270 sq. ft. assisted living facility for sale.
Where is this assisted living facility located?
The property is located at 19341 Allen Rd Brownstown, MI.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 30,270 sq.ft. Assisted Living Facility; 57 Units; Brownstown Forest View Location
