Property profile

18000 Meyers Rd Detroit, MI 48235

OFF-MARKET
Assisted living facilities
Property ID
US43-1703895
64,566 SF 3.64 ac lot Built 1997
Entity Owned Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1997
Total area 64,566 SF
Lot 3.64 ac (158,558 SF)
Zoning code PD
APN 16046189.
UPID US43-1703895

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
  • Apartment Building Low Income Housing Program

Location

18000 Meyers Rd Detroit, MI 48235-1491
Detroit metro Census 538700 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
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Owner & transaction history

Zoning & alternative use

PD · Detroit, MI
Zoning description

District. (5) M5 Special Industrial District. (Code 1984, § 61-7-4; Ord. No. 11-05, § 1(61-7-4), eff. 5-28-2005) Sec. 50-7-5. - Special districts. Special districts and overlay areas within the City are as follows: (1) P…

General category PLANNED_DEVELOPMENT

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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