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Property profile & analytics
OFF-MARKET
Assisted living facilities

402 Joseph Dr Midland, MI 48642-8622

52,037 SF 3.14 ac lot Built 2014
Entity Owned 13-yr Hold Free & Clear
Property ID
US43-2296717
Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2014
Total area 52,037 SF
Lot 3.14 ac (136,778 SF)
Zoning code OS
APN 11-34-60-520
UPID US43-2296717
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
  • Ivy Terrace Senior Residence Retirement Community
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
Ivy Terrace LLC · 13 yrs held
Ivy Terrace LLC
since 2013
1 recorded transaction
2013
$367,500
Zoning & alternative use
OS · Midland, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Community, CC, OS, NC, D, C Conditional Use and Site Plan Review Wireless internet facilities 3 feet or less in dimension. All districts Administrative Site Plan Review 4. Standards and Conditions a. No telecommunication facility or transmission tower, as defined in this Section, may be constructed, modified to increase its height, installed or otherwise loc…

Zone name Office Service
General category COMMERCIAL
Zone area 351.88 ac
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