Property profile

2674 Franklin St Detroit, MI 48207

OFF-MARKET
Office buildings
Property ID
US43-0930069
85,112 SF 1.96 ac lot Built 1950
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 85,112 SF
Lot 1.96 ac (85,378 SF)
Zoning code SD4
APN 11000023-7
UPID US43-0930069

Cap rate & NOI

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

Location

2674 Franklin St Detroit, MI 48207-4423
Detroit metro Census 516500 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
$5.25M
Blend (final) Blend
$5.24M

Owner & transaction history

since 2010
3 recorded transactions
2011
Price N/A
2010
Price N/A
2008
Price N/A

Zoning & alternative use

SD4 · Detroit, MI
Zoning description

Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) S…

General category MIXED_USE
Top alternative use upside
Commercial (general) $7.8M +48.1%
Restaurant $7.8M +48.0%
Neighborhood: shopping center $6.5M +22.9%

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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