Property profile

1500 Fruit St Clay, MI 48001

OFF-MARKET
Commercial real estate
Property ID
US43-4570043
19,140 SF 2.72 ac lot Built 1992
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1992
Total area 19,140 SF
Lot 2.72 ac (118,483 SF)
Zoning code R-3
APN 74-01-107-0043-000
UPID US43-4570043

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
  • Apartment Building

Location

1500 Fruit St Clay, MI 48001-4547
Clay metro Census 649000 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
$900k
Blend (final) Blend
$375k

Owner & transaction history

since 2011
1 recorded transaction
2011
$906,740

Zoning & alternative use

R-3 · Clay, MI

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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