Property profile

24421 Jefferson Ave Saint Clair Shores, MI 48080

OFF-MARKET
Grocery and convenience stores
Property ID
US43-4765862
4,785 SF 0.36 ac lot Built 2000
Entity Owned 21-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2000
Construction CONCRETE
Total area 4,785 SF
Lot 0.36 ac (15,769 SF)
Zoning code CLD
APN 09-14-27-428-031
UPID US43-4765862

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
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

24421 Jefferson Ave Saint Clair Shores, MI 48080-1318
Saint Clair Shores metro Census 251600 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
$735k
Blend (final) Blend
$1.08M

Owner & transaction history

since 2005
5 recorded transactions
2018
Price N/A
2005
$1.1M
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CLD · Saint Clair Shores, MI
Zoning description

w-Rise). RM-2 Multiple-Family Residential District (High-Rise). O-1 Office-Service District. CR Commercial Recreation. B-1 Local Business District. B-2 Planned Community Business District. B-3 General Business District.…

General category UNKNOWN
Top alternative use upside
Medical building $590,000 +29.0%
Commercial (general) $490,000 +7.9%

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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