Property profile

23409 Jefferson Ave Saint Clair Shores, MI 48080

OFF-MARKET
Office buildings
Property ID
US43-1471232
10,818 SF 0.87 ac lot Built 1985
Entity Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 10,818 SF
Lot 0.87 ac (37,854 SF)
Zoning code O-1
APN 09-14-35-151-004
UPID US43-1471232

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
  • Psychotherapist
  • Marriage Or Relationship Counselor Counselor
  • Insurance Agency
  • Foster Care Service Social Service Agency
  • Counselor

Location

23409 Jefferson Ave Saint Clair Shores, MI 48080-3449
Saint Clair Shores metro Census 252000 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
$966k
Blend (final) Blend
$315k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

O-1 · Saint Clair Shores, MI
Zoning description

M-1 MULTIPLE-FAMILY RESIDENTIAL DISTRICT (LOW RISE) Expand ARTICLE VIII. - RM-2 MULTIPLE-FAMILY RESIDENTIAL DISTRICT (HIGH RISE) ARTICLE VIII. - RM-2 MULTIPLE-FAMILY RESIDENTIAL DISTRICT (HIGH RISE) Expand ARTICLE IX. -…

General category UNKNOWN
Top alternative use upside
Restaurant $1.5M +68.1%
Medical building $1.3M +45.6%
Commercial (general) $1.1M +21.9%

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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