Property profile

26835 7th Mile Rd Redford, MI 48240

OFF-MARKET
Manufacturing properties
Property ID
US43-1526058
10,420 SF 0.34 ac lot Built 1948
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1948
Construction CONCRETE BLOCKS
Total area 10,420 SF
Lot 0.34 ac (14,810 SF)
APN 79 008 02 0577 001
UPID US43-1526058

Cap rate & NOI

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

Location

26835 7th Mile Rd Redford, MI 48240-1906
Redford metro Census 554300 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
$541k
Blend (final) Blend
$340k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2014
Price N/A
2013
$91,000
2013
Price N/A

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $790,000 +60.4%
Retail stores $720,000 +46.3%
Medical building $655,000 +33.4%

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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