Property profile

1308 Broadway St Detroit, MI 48226

OFF-MARKET
Retail space
Property ID
US43-1126185
38,743 SF 0.09 ac lot Built 1980
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1980
Total area 38,743 SF
Lot 0.09 ac (3,920 SF)
Zoning code B5
APN 01004003.
UPID US43-1126185

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
  • Tour Operator

Location

1308 Broadway St Detroit, MI 48226-2202
Detroit metro Census 517200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$360k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
1969
Price N/A

Zoning & alternative use

B5 · Detroit, MI
Zoning description

Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5)…

General category COMMERCIAL

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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