Property profile

1340 3rd St Detroit, MI 48226

OFF-MARKET
Warehouses
Property ID
US43-1792526
47,771 SF 0.92 ac lot Built 1926
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1926
Total area 47,771 SF
Lot 0.92 ac (40,075 SF)
Zoning code B5
APN 04003342-51
UPID US43-1792526

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1340 3rd St Detroit, MI 48226-2502
Detroit metro Census 520800 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
$1.54M
Blend (final) Blend
$320k

Owner & transaction history

since 2020
1 recorded transaction
2020
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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