Building Details

Building Size 30,270 SF

Year Built 2002

Listing Agency: Signature Associates - Southfield s***@signatureassociates.com Show Phone

Listed By: Scott Elliott · License #6506044232 Show Phone

Source: Tcnworldwide

Added: Mar 6 Changed: Aug 13 Last Checked: Aug 20 at 6:06AM

Report an Issue

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

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$272,882

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.42%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$5,457,640 $5.5M

Cap Rate 7%

$3,898,314 $3.9M

Cap Rate 9%

$3,032,022 $3.0M

Market Conditions

NOI Build-Up for 30,270 SF 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.

Gross rent

$526.7K $17.40/SF

− Vacancy

−$30.5K −$1.01/SF

EGI

$496.1K $16.39/SF

− OpEx

−$223.3K −$7.38/SF

NOI

$272.9K $9.01/SF

Area

Wayne County, MI

Vacancy

5.80%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$5,457,640

Cap Rate 7%

$3,898,314

Cap Rate 9%

$3,032,022

Alternative Uses

Best Use

Apartment 5plus

$3.90M

$3.41M – $4.55M (±1% cap)

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 (±1% cap)

NOI $392,299 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Hoover L E Ophthalmologist

Suggested Use

Top Pick Law Firm Parking Lot & Garage Pharmacy Restaurant Grocery & Convenience Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

283

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 48183, MI

42,447

Population

18,095

Households

2.3

Avg Household Size

43

Median Age

27%

College-Educated

94%

High-School Grad

18.0 sq mi

ZIP Area

2,358

Density / Sq Mi

$82,020

Median Household Income

$51,534

Median Earnings

$1,009

Median Rent

$214,000

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this assisted living facilities located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Retail Storefront in CVS-Anchored Center

23780 West Road, Brownstown, MI 48183

Contact for pricing

1,260 SF

View details

Warehouse Building on 3.1 Acres

25262 Telegraph Rd, Brownstown, MI 48134

Contact for pricing

3.10 Acres

View details

Multi-Tenant Retail Shopping Center

23748-23800 West Rd, Brownstown, MI 48183

Contact for pricing

36,168 SF

View details

Corner Development Opportunity Land

17000 King Rd, Brownstown, MI 48183

Contact for pricing

11.19 Acres

View details

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