Property profile

16525 Meyers Rd Detroit, MI 48235

OFF-MARKET
Retail space
Property ID
US43-0895776
1,350 SF 0.05 ac lot Built 1955
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 1,350 SF
Lot 0.05 ac (2,178 SF)
Zoning code B2
APN 22020228.
UPID US43-0895776

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
  • Hair Salon Nail Salon

Location

16525 Meyers Rd Detroit, MI 48235-4110
Detroit metro Census 536900 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
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Comparable Approach Comparable
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Blend (final) Blend
$85k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2014
Price N/A
2012
$18,000

Zoning & alternative use

B2 · Detroit, MI
Zoning description

ity Residential District. (Code 1984, § 61-7-2; Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2)…

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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