Property profile

18451 Joy Rd Detroit, MI 48228

OFF-MARKET
Day care centers
Property ID
US43-1247712
2,044 SF 0.06 ac lot Built 1955
Individually Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1955
Total area 2,044 SF
Lot 0.06 ac (2,614 SF)
Zoning code B4
APN 22002364.
UPID US43-1247712

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
  • Daycare Center Foster Care Service
  • Daycare Center

Location

18451 Joy Rd Detroit, MI 48228-3130
Detroit metro Census 546000 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
$285k

Owner & transaction history

since 2014
2 recorded transactions
2014
$24,670
2014
Price N/A

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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