Property profile

16301 Plymouth Rd Detroit, MI 48227

OFF-MARKET
Turn key restaurants
Property ID
US43-1623027
718 SF 0.06 ac lot Built 1951
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1951
Total area 718 SF
Lot 0.06 ac (2,614 SF)
Zoning code B4
APN 22005147.
UPID US43-1623027

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16301 Plymouth Rd Detroit, MI 48227-1640
Detroit metro Census 545200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$50k

Owner & transaction history

since 2014
5 recorded transactions
2014
Price N/A
2014
$21,000
2012
$8,700
2011
$2,603
2011
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

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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