Property profile

20526 Plymouth Rd Detroit, MI 48228

OFF-MARKET
Medical Office Space
Property ID
US43-1699911
8,530 SF 1.56 ac lot Built 1982
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1982
Total area 8,530 SF
Lot 1.56 ac (67,954 SF)
Zoning code B4
APN 22005580-1
UPID US43-1699911

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
  • Pharmacy
  • Physician
  • Physician
  • Pediatrician Physician
  • Physician

Location

20526 Plymouth Rd Detroit, MI 48228-1201
Detroit metro Census 547000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$547k
Blend (final) Blend
$350k

Owner & transaction history

since 2018
7 recorded transactions
2023
Price N/A
2018
Price N/A
2018
$430,000
2017
Price N/A
2009
Price N/A
2009
Price N/A
1969
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
Top alternative use upside
Commercial (general) $780,000 +44.9%
Restaurant $780,000 +44.8%
Neighborhood: shopping center $645,000 +20.2%

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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