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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Medical Office Space
17950 Woodward Ave Detroit, MI 48203-2260
Entity Owned
10-yr Hold
Free & Clear
Property ID
US43-1331718
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1951
Total area
9,427 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B4
APN
01009737-9
UPID
US43-1331718
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Central City Integrated Health - Administration Medical Clinic
-
Central City Community Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$595k
Owner & transaction history
Leitrim Corp · 10 yrs held
Leitrim Corp
since 2015
3 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$860,000
+44.9%
Restaurant
$860,000
+44.8%
Neighborhood: shopping center
$715,000
+20.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$595,000
Current use
COMMERCIAL (GENERAL)
$860,000
Change: +45% · Conversion: Easy
RESTAURANT
$860,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$580,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$570,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$63 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$13,399
Tax year 2020
Assessed value
$316,300
Assessed 2024
Previous assessed
$282,300
+12.0% YoY
Effective rate
4.24%
On assessed value
Total market value
$632,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1951
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
9,427 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B4
APN
01009737-9
UPID
US43-1331718
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$860,000
RESTAURANT
Est. value
$860,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
RETAIL STORES
Est. value
$650,000
OFFICE BUILDING
Est. value
$580,000
AUTO REPAIR, GARAGE
Est. value
$570,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Leitrim Corp
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 839, NORTHVILLE, MI 48167-0839
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2015
$100,000
Leitrim Corp
Level One Bk
Grant Deed
—
May 15, 2014
$210,369
Level One Bk
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Mar 17, 2011
$300,000
Sjmc Real Estate LLC
Roy,asok K & Manjula N
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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