Property profile

21605 7th Mile Rd Detroit, MI 48219

OFF-MARKET
Office buildings
Property ID
US43-1343985
72,472 SF 2.83 ac lot Built 2000
Entity Owned Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Total area 72,472 SF
Lot 2.83 ac (123,275 SF)
Zoning code R5
APN 22016647.
UPID US43-1343985

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
  • High School
  • Charitable Organization Social Service Agency

Location

21605 7th Mile Rd Detroit, MI 48219-1810
Detroit metro Census 541200 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
$4.47M
Blend (final) Blend
$4.46M

Owner & transaction history

Zoning & alternative use

R5 · Detroit, MI
Zoning description

dential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $6.6M +48.1%
Restaurant $6.6M +48.0%
Auto repair, garage $6.3M +41.5%

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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