Property profile

31040 Utica Rd Fraser, MI 48026

OFF-MARKET
Medical Office Space
Property ID
US43-1825857
5,760 SF 0.49 ac lot Built 1975
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1975
Total area 5,760 SF
Lot 0.49 ac (21,344 SF)
Zoning code CG
APN 03-14-05-376-020
UPID US43-1825857

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice
  • Hair Salon Nail Salon

Location

31040 Utica Rd Fraser, MI 48026-2534
Fraser metro Census 254500 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
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2019
1 recorded transaction
2019
$342,500

Zoning & alternative use

CG · Fraser, MI
Zoning description

Sec. 32-135. - General business district, CG. The CG general business district is designed to provide for a wide diversity of business activities which are predominantly, but not necessarily, totally retail in character.…

General category COMMERCIAL

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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