Property profile

15865 7th Mile Rd Detroit, MI 48205

OFF-MARKET
Schools
Property ID
US43-2260525
44,868 SF 1.78 ac lot Built 1965
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 1965
Total area 44,868 SF
Lot 1.78 ac (77,537 SF)
Zoning code R5
APN 21021254-9
UPID US43-2260525

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
  • High School
  • School District Office Religious Organization
  • High School
  • High School

Location

15865 7th Mile Rd Detroit, MI 48205-2545
Detroit metro Census 500300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.58M
Blend (final) Blend
$2.58M

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2011
Price N/A
2011
Price N/A

Zoning & alternative use

R5 · Detroit, MI
Zoning description

dential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $4.1M +58.9%
Restaurant $4.1M +58.8%
Neighborhood: shopping center $3.4M +31.9%

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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