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    Property profile & analytics

    2557 Mcnichols Rd, Unit 1-B1 Detroit, MI 48221-3341

    • Garden apartment buildings
    • 973 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 10, 2020
    $10,500
    Location Intelligence
    Property ID
    US43-1987889
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2557 Mcnichols Rd

    Year built
    1952
    Lot size
    1.00 lot acres
    Property size
    973 SF
    Zone code
    R3
    Property type
    Garden apartment buildings
    APN
    08005572.001
    APU
    8005572001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.128
    Latitude
    42.4171
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $1,585
    $0.00
    $0.00
    $25,800
    -
    $0.00
    $0.00
    $51,600

    Comparable in this City

    • Value Estimation by Request
      973 SF

      2599 Mcnichols Rd, Unit 6-B11

      GARDEN APT, COURT APT (5+ UNITS) • 973 SF
      2599 Mcnichols Rd, Detroit, MI 48221-3342
      View Details
    • Value Estimation by Request
      874 SF

      2557 Mcnichols Rd, Unit 4-B7

      GARDEN APT, COURT APT (5+ UNITS) • 874 SF
      2557 Mcnichols Rd, Detroit, MI 48221-3341
      View Details
    • Value Estimation by Request
      981 SF

      2557 Mcnichols Rd, Unit 23-205

      GARDEN APT, COURT APT (5+ UNITS) • 981 SF
      2557 Mcnichols Rd, Detroit, MI 48221-3341
      View Details
    • Value Estimation by Request
      981 SF

      2557 Mcnichols Rd, Unit 11-105

      GARDEN APT, COURT APT (5+ UNITS) • 981 SF
      2557 Mcnichols Rd, Detroit, MI 48221-3341
      View Details
    • Value Estimation by Request
      21,406 SF

      2645 Mcnichols Rd

      GARDEN APT, COURT APT (5+ UNITS) • 21,406 SF
      2645 Mcnichols Rd, Detroit, MI 48221-3288
      View Details
    • Value Estimation
      $1,710,000
      887 SF

      2623 Mcnichols Rd, Unit 11-B3

      GARDEN APT, COURT APT (5+ UNITS) • 887 SF
      2623 Mcnichols Rd, Detroit, MI 48221-3228
      View Details

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    Similar Nearby for Lease

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      2800 SF retail space available for lease.
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      Detroit Commercial Space For Rent

      Versatile commercial space ideal for various businesses in Detroit.
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      Livernois Medical Plaza Opportunity

      Detroit medical office space for lease
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      View Details
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    Detroit, MI 48221-3341
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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