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Property profile & analytics
OFF-MARKET
Medical Office Space
14071 7th Mile Rd, Detroit, MI 48205-2335
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1678348
Property summary
AI-generated overview
This 5,250 square foot, single-story medical office building is located at 14071 E. Seven Mile Rd in Detroit, MI 48205, Wayne County. Built in 1988, the property sits on 0.40 acres and features 25 surface parking spaces. Currently 100% occupied by an established primary care and walk-in clinic, including a pharmacy tenant, this Class C building offers excellent visibility and high traffic counts due to its frontage on Seven Mile Road. The B-3 zoning allows for a variety of uses. The asking price is $700,000, translating to $133.33 per square foot. This presents a strong investment opportunity in a densely populated area with significant commercial and retail activity. The property consists of one building and one unit. This is a single-tenant property.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
5,250 SF
Lot
0.4 ac (17,424 SF)
Zoning code
B3
APN
21021116-8
UPID
US43-1678348
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tka Realty LLC · 1 yrs held
Tka Realty LLC
since 2025
Last sale
$400,000
4 recorded transactions
Zoning & alternative use
B3 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$1,461
Tax year 2020
Assessed value
$246,800
Assessed 2024
Previous assessed
$218,200
+13.1% YoY
Effective rate
0.59%
On assessed value
Total market value
$493,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
5,250 SF
Lot
0.4 ac (17,424 SF)
Zoning code
B3
APN
21021116-8
UPID
US43-1678348
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B3 · Detroit, MI
Zoning B3 · permitted uses
B3 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Tka Realty LLC
Entity
Mailing address
13900 WOODWARD AVE, HIGHLAND PARK, MI 48203-3627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
$400,000
Tka Realty LLC
Hfd LLC
Warranty Deed
$340,000 · Bank Of America NA
—
—
Hfd LLC
—
Deed Of Trust
related
$250,000 · Key Bank & Trust
—
—
Hfd LLC
—
Deed Of Trust
related
$200,000 · Key Bank & Trust
—
—
Hfd LLC
—
Deed Of Trust
related
$250,000 · Key Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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