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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Day care centers
320 Mack Ave Detroit, MI 48201-2418
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1390612
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2018
Total area
12,916 SF
Lot
0.41 ac (17,860 SF)
Zoning code
PD
APN
01000872-4
UPID
US43-1390612
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
-
Midtown KinderCare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.01M
Owner & transaction history
Vhs Childrens Hosp Of Michigan I · 10 yrs held
Vhs Childrens Hosp Of Michigan I
since 2015
7 recorded transactions
Zoning & alternative use
PD · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+58.9%
Restaurant
$1.2M
+58.8%
Neighborhood: shopping center
$980,000
+31.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$740,000
Current use
COMMERCIAL (GENERAL)
$1,180,000
Change: +59% · Conversion: Difficult
RESTAURANT
$1,180,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$815,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$795,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10%
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
$78 / 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
$69,883
Tax year 2020
Assessed value
$1,300,000
Assessed 2024
Previous assessed
$1,345,700
-3.4% YoY
Effective rate
5.38%
On assessed value
Total market value
$2,600,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
12,916 SF
Lot
0.41 ac (17,860 SF)
Zoning code
PD
APN
01000872-4
UPID
US43-1390612
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
PD · Detroit, MI
Zoning PD · permitted uses
PD · 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.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
RETAIL STORES
Est. value
$890,000
MEDICAL BUILDING
Est. value
$815,000
OFFICE BUILDING
Est. value
$795,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Vhs Childrens Hosp Of Michigan I
Individual
Free & Clear · 10 yrs held
Mailing address
1732 CROOKS RD, TROY, MI 48084-5501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2019
—
Rainbow Rascals Detroit LLC
—
Deed
related
$3,250,000 · Chemical Bank
Sep 9, 2015
—
Vhs Childrens Hosp Of Michigan I
Realpropco LLC
Quit Claim Deed
related
—
Sep 2, 2015
$487,500
Rainbow Rascals Detroit LLC
Vhs Childrens Hosp Of Michigan In
Warranty Deed
—
Oct 25, 2013
—
Vhs Childrens Hosp Of Michigan
Realpropco LLC
Quit Claim Deed
related
—
Oct 25, 2013
$48,000
Realpropco LLC
City Of Detroit
Quit Claim Deed
related
—
Feb 5, 2008
—
City Of Detroit
Charter County Of Wayne
Quit Claim Deed
related
—
Jul 9, 2007
—
Moore,deborah L
Ahmose Math Center
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.
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