Property profile

15875 Joy Rd Detroit, MI 48228

OFF-MARKET
Assisted living facilities
Property ID
US43-1497274
43,095 SF 2.88 ac lot Built 2009
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2009
Total area 43,095 SF
Lot 2.88 ac (125,453 SF)
Zoning code R5
APN 22002285.010
UPID US43-1497274

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
  • Charitable Organization Social Service Agency

Location

15875 Joy Rd Detroit, MI 48228-2100
Detroit metro Census 547200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

since 2008
1 recorded transaction
2008
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

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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