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Property profile & analytics
OFF-MARKET
Life science properties
6000 2nd Ave Detroit, MI 48202
Entity Owned
8-yr Hold
Free & Clear
Property ID
US43-1154081
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2004
Total area
48,986 SF
Lot
2.85 ac (124,146 SF)
Zoning code
SD2
APN
02002433.
UPID
US43-1154081
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
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
6001 Cass LLC · 8 yrs held
6001 Cass LLC
since 2018
4 recorded transactions
Zoning & alternative use
SD2 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Transitional-Industrial District. (6) PR Parks and Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) SD4 Special Development District, Riverfront Mixed-Use. (12) SD5 Special Development Distr…
Zone name
Special Development District And Mixed Use
General category
MIXED_USE
Zone area
391.73 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$100
Tax year 2023
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
48,986 SF
Lot
2.85 ac (124,146 SF)
Zoning code
SD2
APN
02002433.
UPID
US43-1154081
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
SD2 · Detroit, MIZoning SD2 · permitted uses
SD2 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Transitional-Industrial District. (6) PR Parks and Recreation District. (7) W1 Waterfront-Industrial District. (8) MKT Market and Distribution District. (9) SD1 Special Development District, Small-Scale, Mixed-Use. (10) SD2 Special Development District, Mixed-Use. (11) SD4 Special Development District, Riverfront Mixed-Use. (12) SD5 Special Development District, Casinos. (Code 1984, § 61-7-5; Ord. No. 11-05, § 1(61-7-5), eff. 5-28-2005; Or
Zone name
Special Development District And Mixed Use
General category
MIXED_USE
Zone area
391.73 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
2.85 ac
Current owner
From public records · entity-resolved
6001 Cass LLC
Entity
Free & Clear · 8 yrs held
Mailing address
5700 CASS AVE, DETROIT, MI 48202-3692
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
—
6001 Cass LLC
Board Of Governors Of Wayne St
Warranty Deed
related
—
May 10, 2018
—
Wayne State University
Nextenergy Center
Grant Deed
—
Mar 7, 2018
—
Nextenergy Center
—
Deed
related
$950,000 · Iff
—
—
Nextenergy Center
—
Deed Of Trust
related
$750,000 · Us Dept/commerce Economic Dev
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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