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Property profile & analytics
OFF-MARKET Estimated value $525,000
Day care centers

10460 9th Mile Rd Oak Park, MI 48237-2914

4,651 SF 0.24 ac lot Built 1958
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US43-0928373
Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1958
Total area 4,651 SF
Lot 0.24 ac (10,237 SF)
Zoning code B-1
APN 52-25-29-454-043
UPID US43-0928373
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$381k
Blend (final) Blend
$525k
Owner & transaction history
Lisa Little Angels Crstn Day Care I · 3 yrs held
Lisa Little Angels Crstn Day Care I
since 2022
Last sale
$510,000
5 recorded transactions
2022
Price N/A
2022
$510,000
2018
$400,000
2014
$200,000
1969
Price N/A
Zoning & alternative use
B-1 · Oak Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-1 neighborhood business. The B-1 neighborhood business districts are intended to meet the day-to-day convenience shopping and service needs of persons residing in nearby residential areas. b. B-2 general business. The B-2 general business districts are intended to accommodate more intensive businesses that cater to a larger consumer market than those typic…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 10.36 ac
Source code of ordinances
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