Property profile

1229 Parker St Marine City, MI 48039

OFF-MARKET
Drug stores
Property ID
US43-4530719
10,644 SF 1.72 ac lot Built 2000
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2000
Total area 10,644 SF
Lot 1.72 ac (75,010 SF)
APN 74-02-900-0011-100
UPID US43-4530719

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
  • Pharmacy
  • Crypto Atm
  • Courier Service Postal Service
  • Pharmacy
  • Atm

Location

1229 Parker St Marine City, MI 48039-2331
Marine City metro Census 644000 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
$1.14M
Blend (final) Blend
$2.12M

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.3M +72.8%
Commercial (general) $965,000 +28.1%
Office building $865,000 +14.7%

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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