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    OFF-MARKET
    Assisted living facilities

    328 Lafayette St, Romeo, MI 48065-5238

    9,448 SF 0.26 ac lot Built 2007
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US43-3584830
    Property summary
    AI-generated overview

    This exceptional three-story medical office building, located at 328 E Lafayette Street in Romeo, Michigan, presents a unique investment opportunity. Spanning 12,432 square feet, the property boasts a remarkable 90% occupancy rate, demonstrating strong market demand. The building is ideally suited for a variety of medical practices, given its existing configuration as a licensed assisted living and memory care facility. The property features 22 rooms spread across three floors, providing ample space for patient care and administrative functions. Convenient on-site parking is available with 10 designated spaces. A comprehensive security system is already in place, ensuring the safety and security of both staff and residents. The building's location in the heart of historic Romeo, Michigan, within Macomb County, offers excellent visibility and accessibility. The property's zip code is 48065. This is a turnkey operation with significant potential for growth and return on investment. Detailed financial information is available upon request. The property is currently for lease.

    Property profile
    Verified
    Property type Assisted living facilities
    Use group HOMES (RETIRED, NURSING)
    Year built 2007
    Construction TYPE NOT SPECIFIED
    Total area 9,448 SF
    Lot 0.26 ac (11,238 SF)
    Zoning code VILLAGE
    APN 28-04-02-203-005
    UPID US43-3584830
    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
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    Blend (final) Blend
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    Owner & transaction history
    Romeo Shire LLC · 11 yrs held
    Romeo Shire LLC
    since 2015
    7 recorded transactions
    2020
    2018
    2015
    $700,000
    2007
    2007
    $119,900
    2005
    2004
    Zoning & alternative use
    VILLAGE · Romeo, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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