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Property profile & analytics
OFF-MARKET
Estimated value
$8,745,000
Office buildings
440 Burroughs St Detroit, MI 48202-3429
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-1194408
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Total area
142,125 SF
Lot
0.7 ac (30,492 SF)
Zoning code
SD2
APN
02001069-71
UPID
US43-1194408
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
-
FoodCorps Michigan Charitable Organization Social Service Agency
-
Eks Services Inc Environmental Consultant Asbestos Testing Service
-
UltraLevel, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Detroit Medical Informatics (Bike/Boat/Book/etc) Store Corporate Office
-
Asumtek (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.76M
Blend (final)
Blend
$8.75M
Owner & transaction history
Techone Holding Corp · 6 yrs held
Techone Holding Corp
since 2019
7 recorded transactions
Zoning & alternative use
SD2 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.0M
+48.1%
Restaurant
$13.0M
+48.0%
Neighborhood: shopping center
$10.8M
+22.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,760,000
Current use
COMMERCIAL (GENERAL)
$12,975,000
Change: +48% · Conversion: Easy
RESTAURANT
$12,965,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,765,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$9,820,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$8,955,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,615,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$8.75M
Range $7.87M – $9.62M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
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
$100
Tax year 2020
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Heating
FORCED AIR
Buildings
1
Stories
5
Total area
142,125 SF
Lot
0.7 ac (30,492 SF)
Zoning code
SD2
APN
02001069-71
UPID
US43-1194408
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
SD2 · Detroit, MI
Zoning SD2 · permitted uses
SD2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$13.0M
RESTAURANT
Est. value
$13.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
RETAIL STORES
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$8.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1926
Heating
FORCED AIR
Stories
5
Buildings
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Techone Holding Corp
Entity
Mailing address
440 BURROUGHS ST, DETROIT, MI 48202-3429
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2020
—
Techone Holding Corporation
—
Deed
related
$500,000 · Bank Of Ann Arbor
Jul 31, 2019
—
Techone Holding Corp
Techone Dev LLC
Quit Claim Deed
related
$6,235,575 · Board/governors/wayne St Univ
Jun 30, 2016
—
Techone Dev LLC
—
Deed
related
$5,819,992 · Private Individual
Mar 26, 2004
—
Wayne State University R
Governors Of Wa,board Of
Warranty Deed
related
—
—
—
Techone Dev LLC
—
Deed Of Trust
related
—
—
—
Techone Holding Corp
—
Loan Modification
related
$6,235,575 · Board/governors/wayne St Univ
—
—
Techone Dev LLC
—
Deed Of Trust
related
$5,819,992 · Private Individual
—
—
Techone Dev LLC
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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