Property profile

15311 Schaefer Hwy Detroit, MI 48227

OFF-MARKET
Assisted living facilities
Property ID
US43-1072555
31,872 SF 1.06 ac lot Built 1969
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1969
Total area 31,872 SF
Lot 1.06 ac (46,174 SF)
Zoning code R1
APN 22011494.001
UPID US43-1072555

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
  • Nursing Home

Location

15311 Schaefer Hwy Detroit, MI 48227-3337
Detroit metro Census 537000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.77M

Owner & transaction history

since 2019
7 recorded transactions
2024
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R1 · Detroit, MI
Zoning description

d in Section 50-7-2 through Section 50-7-5 of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1)…

General category RESIDENTIAL

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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