Property profile

16551 Warren Ave Detroit, MI 48228

OFF-MARKET
Medical Office Space
Property ID
US43-0502646
1,988 SF 0.06 ac lot Built 1955
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1955
Total area 1,988 SF
Lot 0.06 ac (2,614 SF)
Zoning code B4
APN 22000170.
UPID US43-0502646

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
  • Pediatrician Physician
  • Pediatrician Physician
  • Crisis Center Medical Clinic
  • Garden Center Landscaping

Location

16551 Warren Ave Detroit, MI 48228-3706
Detroit metro Census 545600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$90k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2024
Last sale
$90,000
1 recorded transaction
2024
$90,000

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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