Property profile

24224 Joy Rd Redford, MI 48239

OFF-MARKET
Medical Office Space
Property ID
US43-1098538
5,346 SF 0.31 ac lot Built 1962
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1962
Construction BRICK
Total area 5,346 SF
Lot 0.31 ac (13,504 SF)
APN 79 048 03 0061 001
UPID US43-1098538

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24224 Joy Rd Redford, MI 48239-1215
Redford metro Census 555500 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
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2013
2 recorded transactions
2013
$277,000
2011
$159,500

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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