Property profile

211 Walnut Blvd Rochester, MI 48307

OFF-MARKET
Medical Office Space
Property ID
US43-4658276
6,253 SF 0.21 ac lot Built 1870
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1870
Total area 6,253 SF
Lot 0.21 ac (9,148 SF)
Zoning code AI
APN 68-15-15-234-004
UPID US43-4658276

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
  • Medical Clinic Hospital
  • Spa & Massage Center Alternative Medicine Practice
  • Spa & Massage Center Alternative Medicine Practice

Location

211 Walnut Blvd Rochester, MI 48307-2056
Rochester metro Census 191000 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
by Request
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.78M

Owner & transaction history

since 2019
7 recorded transactions
2019
$1.8M
2012
Price N/A
2011
$135,000
2011
Price N/A
2009
Price N/A
2009
$254,375
2007
$75,000

Zoning & alternative use

AI · Rochester, MI
Top alternative use upside
Commercial (general) $1.9M +88.5%
Restaurant $1.1M +9.7%
Retail stores $1.1M +6.9%

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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