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Property profile & analytics
OFF-MARKET
Office buildings
2449 Grand Blvd Detroit, MI 48208-1210
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-5225504
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Total area
4,078 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R5
APN
10001079.
UPID
US43-5225504
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Midtown Vintage House Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bedford Investments Us LP · 4 yrs held
Bedford Investments Us LP
since 2021
Last sale
$125,000
7 recorded transactions
Zoning & alternative use
R5 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$3,382
Tax year 2020
Assessed value
$64,900
Assessed 2024
Previous assessed
$60,200
+7.8% YoY
Effective rate
5.21%
On assessed value
Total market value
$129,800
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1915
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
4,078 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R5
APN
10001079.
UPID
US43-5225504
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R5 · Detroit, MI
Zoning R5 · permitted uses
R5 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1915
Heating
FORCED AIR
Stories
2
Buildings
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bedford Investments Us LP
Entity
Free & Clear · 4 yrs held
Mailing address
2449 W GRAND BLVD, DETROIT, MI 48208-1210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
$125,000
Bedford Investments Us LP
Amelia Investments LLC
Warranty Deed
—
Feb 2, 2017
$28,000
Amelia Investments LLC
Brock Global Ent INC
Warranty Deed
—
Jan 23, 2017
$30,000
Brock Global Ent INC
Veasy,tamura M
Warranty Deed
—
Apr 6, 2015
—
Brock Global Ent INC|veasy,tamura N
Veasy Tamura N
Quit Claim Deed
related
—
Sep 13, 2012
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Mar 15, 2010
—
Tandrea Lockhart
Veasy,tamura N
Quit Claim Deed
related
—
Aug 18, 2008
—
Wachovia Bank NA
Jp Morgan Chase Bank NA
Quit Claim Deed
—
Jul 31, 2008
—
Tamura N Veasy
Veasy,william & Tamura
Quit Claim Deed
related
—
Apr 18, 2008
$7,500
William Veasy
Wachovia Bank NA
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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