Property profile

22600 Main St Armada, MI 48005

OFF-MARKET
Assisted living facilities
Property ID
US43-0829953
29,945 SF 11.92 ac lot Built 1966
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1966
Total area 29,945 SF
Lot 11.92 ac (519,061 SF)
Zoning code V-R1
APN 25-02-23-402-007
UPID US43-0829953

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
  • Physician
  • Nursing Home

Location

22600 Main St Armada, MI 48005-3237
Armada metro Census 212000 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
by Request
Blend (final) Blend
$5.24M

Owner & transaction history

since 2022
3 recorded transactions
2022
$5.8M
2016
Price N/A
2016
Price N/A

Zoning & alternative use

V-R1 · Armada, MI

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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