Property profile

475 Grand Blvd Detroit, MI 48207

OFF-MARKET
Assisted living facilities
Property ID
US43-4617763
3,264 SF 0.25 ac lot Built 1909
Individually Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1909
Total area 3,264 SF
Lot 0.25 ac (10,890 SF)
Zoning code R5
APN 15008065.
UPID US43-4617763

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

475 Grand Blvd Detroit, MI 48207-3636
Detroit metro Census 516400 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
$285k

Owner & transaction history

since 2014
5 recorded transactions
2014
$19,000
2012
$900
2012
Price N/A
2009
$20,000
2009
$110

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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