Property profile

3456 Vernor Hwy Detroit, MI 48216

OFF-MARKET
Medical Office Space
Property ID
US43-4738670
7,741 SF 0.3 ac lot Built 1973
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1973
Total area 7,741 SF
Lot 0.3 ac (13,068 SF)
Zoning code B4
APN 12008562.
UPID US43-4738670

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
  • Pediatrician Physician
  • Physician
  • Medical Clinic
  • Waste Management Facility Hazardous Waste Disposal
  • Pharmacy

Location

3456 Vernor Hwy Detroit, MI 48216-1551
Detroit metro Census 521100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$732k
Blend (final) Blend
$835k

Owner & transaction history

since 2013
2 recorded transactions
2013
$187,000
2011
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $705,000 +44.9%
Restaurant $705,000 +44.8%
Neighborhood: shopping center $585,000 +20.2%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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