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Property profile & analytics
OFF-MARKET
Turn key restaurants
3242 Jefferson Ave, Detroit, MI 48207-4223
Entity Owned
9-yr Hold
Free & Clear
Property ID
US43-4652594
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1959
Total area
2,220 SF
Lot
0.34 ac (14,810 SF)
Zoning code
SD4
APN
13000125.001
UPID
US43-4652594
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
-
Bread Basket Deli Downtown Detroit Take-out & Catering
-
3242 E. Jefferson Ave. Detroit, MI 48207 Take-out & Catering Catering Service
-
Seaviche Tacos & Bowls Restaurant
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
3242 Jefferson Land LLC · 9 yrs held
3242 Jefferson Land LLC
since 2017
6 recorded transactions
Zoning & alternative use
SD4 · 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
$6,150
Tax year 2020
Assessed value
$254,800
Assessed 2024
Previous assessed
$229,100
+11.2% YoY
Effective rate
2.41%
On assessed value
Total market value
$509,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,220 SF
Lot
0.34 ac (14,810 SF)
Zoning code
SD4
APN
13000125.001
UPID
US43-4652594
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
SD4 · Detroit, MI
Zoning SD4 · permitted uses
SD4 · 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
1959
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
3242 Jefferson Land LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3242 E JEFFERSON AVE, DETROIT, MI 48207-4223
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2017
—
3242 Jefferson Land LLC
Nofar,brandon
Quit Claim Deed
related
—
Mar 7, 2017
—
Brandon Nofar
Motor City Lodging Prop LLC
Quit Claim Deed
related
—
Sep 12, 2013
$2,250,000
Motor City Lodging Prop LLC
Nofar Properties INC
Grant Deed
$1,891,000 · Huntington National Bank
Jun 22, 2011
—
Nofar Properties INC
—
Deed Of Trust
related
$6,916,052 · Talmer Bank & Trust
Sep 17, 2009
—
Nofar Properties INC
—
Deed Of Trust
related
$3,493,792 · Peoples State Bank
—
—
Nofar Properties INC
—
Deed Of Trust
related
$6,916,052 · Talmer Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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