Property profile

500 Frst Ave Plymouth, MI 48170

OFF-MARKET
Turn key restaurants
Property ID
US43-1801609
15,961 SF 0.19 ac lot Built 1950
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 15,961 SF
Lot 0.19 ac (8,276 SF)
Zoning code B-2
APN 49-009-06-0309-000
UPID US43-1801609

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

500 Frst Ave Plymouth, MI 48170-1752
Plymouth metro Census 562700 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
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$400k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Plymouth, MI
Zoning description

o Update the Intent of the B-2 Zoning District to reflect the description of the Central Business District Future Land Use Category in the Master Plan. Years 3-4: Zoning Ordinance Recodification - NOT STARTED Based on th…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.8M +6.1%

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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