Property profile

440 Grand Blvd Detroit, MI 48207

OFF-MARKET
Assisted living facilities
Property ID
US43-5287216
16,544 SF 0.42 ac lot Built 1963
Individually Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1963
Total area 16,544 SF
Lot 0.42 ac (18,295 SF)
Zoning code R5
APN 15007567.
UPID US43-5287216

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
  • Nursing Home

Location

440 Grand Blvd Detroit, MI 48207-3637
Detroit metro Census 515200 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
by Request
Blend (final) Blend
$720k

Owner & transaction history

since 2023
Last sale
$600,000
4 recorded transactions
2023
$600,000
2014
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

R5 · Detroit, MI
Zoning description

dential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…

General category RESIDENTIAL

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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