Property profile

22811 7th Mile Rd Detroit, MI 48219

OFF-MARKET
Assisted living facilities
Property ID
US43-1605528
19,383 SF 1.24 ac lot Built 1962
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1962
Total area 19,383 SF
Lot 1.24 ac (54,014 SF)
Zoning code R1
APN 22016654.
UPID US43-1605528

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
  • Nursing Home

Location

22811 7th Mile Rd Detroit, MI 48219-1739
Detroit metro Census 541400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$3.22M

Owner & transaction history

since 2015
7 recorded transactions
2023
Price N/A
2020
Price N/A
2020
Price N/A
2016
Price N/A
2015
$3.2M
2012
Price N/A
2011
Price N/A

Zoning & alternative use

R1 · Detroit, MI
Zoning description

d in Section 50-7-2 through Section 50-7-5 of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1)…

General category RESIDENTIAL

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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