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Property profile & analytics
FOR SALE
Bars & Pubs
314 E Baltimore St, Detroit, MI 48202
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1062521
For Sale
1 / 32
$695,900
314 E Baltimore St, Detroit, MI 48202
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1964
Total area
3,264 SF
Lot
0.11 ac (4,792 SF)
Zoning code
M4
APN
01001802-3
UPID
US43-1062521
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
J A B Property Holdings LLC · 1 yrs held
J A B Property Holdings LLC
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
M4 · 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
Method
Estimation
Statistic approach
$600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $550k (Jan 14 2025)
Last sale anchor
$550k
Jan 14 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
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
$2,566
Tax year 2020
Assessed value
$103,100
Assessed 2024
Previous assessed
$98,700
+4.5% YoY
Effective rate
2.49%
On assessed value
Total market value
$206,200
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
For Sale
Year built
1964
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,264 SF
Lot
0.11 ac (4,792 SF)
Zoning code
M4
APN
01001802-3
UPID
US43-1062521
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M4 · Detroit, MI
Zoning M4 · permitted uses
M4 · 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
1964
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
J A B Property Holdings LLC
Entity
Mailing address
6762 EDINBOROUGH, WEST BLOOMFIELD, MI 48322-3865
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jan 14, 2025
$550,000
J A B Property Holdings LLC
Coolection LLC
Warranty Deed
$1,591,500 · Veritex Community Bank
Nov 14, 2023
—
J A B Property Holdings LLC
Coolection LLC
Land Contract
—
Mar 1, 2023
—
Coolection LLC
314 East Baltimore LLC
Warranty Deed
—
Aug 16, 2021
—
Coolection LLC
314 East Baltimore LLC
Land Contract
—
Oct 13, 2017
—
314 East Baltimore LLC
—
Deed
related
$125,000 · Pitcairn Advisory INC
Jan 16, 2013
—
314 E Baltimore LLC
Jacobstreet LLC
Quit Claim Deed
related
—
Jan 16, 2013
$25,000
Jacobstreet LLC
Grand Lodge Knights Of Pythias
Warranty Deed
—
—
—
314 East Baltimore LLC
—
Deed Of Trust
related
$125,000 · Pitcairn Advisory INC
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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