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Property profile & analytics
OFF-MARKET
Assisted living facilities
2690 Boston Blvd, Detroit, MI 48206-1751
Entity Owned
~
Est. High Equity
Property ID
US43-1282367
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1929
Total area
42,504 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R6
APN
10002798.
UPID
US43-1282367
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
-
Majestic Manor Apartments Apartment Building
-
The Edison West Apartment Building
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
The Majestic Detroit LLC
The Majestic Detroit LLC
since 2025
7 recorded transactions
Zoning & alternative use
R6 · 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
$15,967
Tax year 2020
Assessed value
$689,800
Assessed 2024
Previous assessed
$696,900
-1.0% YoY
Effective rate
2.31%
On assessed value
Total market value
$1,379,600
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
Similar Nearby for Lease
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1929
Heating
FORCED AIR
Buildings
1
Stories
4
Total area
42,504 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R6
APN
10002798.
UPID
US43-1282367
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R6 · Detroit, MI
Zoning R6 · permitted uses
R6 · 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
1929
Heating
FORCED AIR
Stories
4
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
The Majestic Detroit LLC
Entity
Mailing address
416 W 52ND ST APT #206, NEW YORK, NY 10019-7851
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
The Majestic Detroit LLC
Majestic Apartments LLC
Warranty Deed
$2,162,500 · Union Bank
Nov 25, 2025
—
The Majestic Detroit LLC
—
Deed
related
$747,800 · Union Bank
Nov 5, 2025
—
The Majestic Detroit LLC
—
Deed
related
$2,162,500 · Union Bank
Oct 15, 2025
—
Majestic Apartments LLC
Majestic Apartments LLC
Deed
related
—
Mar 15, 2022
—
Majestic Apartments LLC
—
Deed
related
$1,000,000 · First Independence Bank
Nov 1, 2016
$900,000
Majestic Apartments LLC
2690 West Boston LLC
Warranty Deed
—
Nov 1, 2016
$127,500
2690 West Boston LLC
Stehlik,harold W
Warranty Deed
—
May 24, 2016
—
2690 West Boston LLC
—
Deed
related
$350,000 · Debates Raymond III Tr (pt)
Jun 2, 2015
—
2690 West Boston LLC
Stehlik Harold W
Quit Claim Deed
—
—
—
2690 West Boston LLC
—
Deed Of Trust
related
$350,000 · Debates Raymond III Tr (pt)
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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