Property profile

23811 Eureka Rd Taylor, MI 48180

OFF-MARKET
Turn key restaurants
Property ID
US43-0916320
6,911 SF 2.83 ac lot Built 2005
Entity Owned 14-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Total area 6,911 SF
Lot 2.83 ac (123,275 SF)
Zoning code B-2
APN 60 090 02 0827 300
UPID US43-0916320

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
  • Take-out & Catering Catering Service

Location

23811 Eureka Rd Taylor, MI 48180-5253
Taylor metro Census 584600 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
$1.14M
Blend (final) Blend
$485k

Owner & transaction history

since 2012
5 recorded transactions
2016
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Taylor, MI
Zoning description

District is intended to serve a larger population than is serviced by a B-1 district and the district is general characterized by an integrated or planned cluster of establishments serviced by a common parking area and g…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $1.6M +120.5%
Retail stores $815,000 +14.0%
Commercial (general) $760,000 +6.1%

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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