Property profile

1425 Lafayette Blvd Detroit, MI 48216

OFF-MARKET
Drive through restaurants
Property ID
US43-1061570
3,053 SF 0.59 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1985
Total area 3,053 SF
Lot 0.59 ac (25,700 SF)
Zoning code M3
APN 06000046-8
UPID US43-1061570

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
  • Restaurant

Location

1425 Lafayette Blvd Detroit, MI 48216-1964
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
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Comparable Approach Comparable
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Blend (final) Blend
$430k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

M3 · Detroit, MI
Zoning description

-7-3; Ord. No. 11-05, § 1(61-7-3), eff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3)…

General category INDUSTRIAL

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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