Property profile

3732 8th Mile Rd Detroit, MI 48234

OFF-MARKET
Drive through restaurants
Property ID
US43-0333933
1,800 SF 0.14 ac lot Built 1965
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1965
Total area 1,800 SF
Lot 0.14 ac (6,098 SF)
Zoning code B4
APN 13009155-7
UPID US43-0333933

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
  • Restaurant

Location

3732 8th Mile Rd Detroit, MI 48234-1007
Detroit metro Census 506800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$130k

Owner & transaction history

since 2013
2 recorded transactions
2013
$110,000
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

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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