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Property profile & analytics
OFF-MARKET
Office buildings
2894 Grand Blvd Detroit, MI 48202-3132
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-1382926
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
1,031 SF
Lot
0.13 ac (5,663 SF)
Zoning code
B4
APN
03001814.
UPID
US43-1382926
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
-
Zo's Good Burger - New Center Detroit Restaurant
-
FAWAKI Grocery & Convenience Store Specialty Food Shop
-
That Shoe Store Etc Clothing & Fashion 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
Jam Handy LLC · 1 yrs held
Jam Handy LLC
since 2025
7 recorded transactions
Zoning & alternative use
B4 · 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
$1,747
Tax year 2020
Assessed value
$59,900
Assessed 2024
Previous assessed
$58,300
+2.7% YoY
Effective rate
2.92%
On assessed value
Total market value
$119,800
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,031 SF
Lot
0.13 ac (5,663 SF)
Zoning code
B4
APN
03001814.
UPID
US43-1382926
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · 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
1965
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Jam Handy LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2894 E GRAND BLVD, DETROIT, MI 48202-3132
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Jam Handy LLC
—
Deed
related
$1,760,000 · Detroit Investment Fund
May 15, 2025
—
Jam Handy LLC
Jam Handy Stage B LLC
Deed
related
—
Sep 7, 2021
—
Jam Handy Stage B LLC
—
Deed
related
$210,000 · Eleni Zaharopoulos
Sep 2, 2021
—
Jam Handy Stage B LLC
Simeon Heyer
Intrafamily Transfer
related
—
Aug 20, 2021
—
Eleni Zahrpoulos
E & S Detroit LLC
Quit Claim Deed
related
—
Jul 25, 2012
$5,000
E & S Detroit LLC
Rebound Realty LLC
Quit Claim Deed
related
—
Aug 18, 2011
$5,000
Rebound Realty LLC
Apex Asset Management INC
Quit Claim Deed
related
—
Nov 29, 2010
$1,000
Apex Asset Management INC
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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