Property profile

16588 Schaefer Hwy Detroit, MI 48235

OFF-MARKET
Assisted living facilities
Property ID
US43-0611579
26,966 SF 1.08 ac lot Built 1968
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1968
Total area 26,966 SF
Lot 1.08 ac (47,045 SF)
Zoning code R1
APN 22030049.001
UPID US43-0611579

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
  • Nursing Home

Location

16588 Schaefer Hwy Detroit, MI 48235-4249
Detroit metro Census 536900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$3.40M

Owner & transaction history

since 2015
7 recorded transactions
2016
Price N/A
2016
Price N/A
2015
Price N/A
2015
$3.4M
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R1 · Detroit, MI
Zoning description

d in Section 50-7-2 through Section 50-7-5 of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1)…

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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