Property profile

631 Martin Luther King Jr Blvd Detroit, MI 48201

OFF-MARKET
Medical Office Space
Property ID
US43-1058730
10,674 SF 1.52 ac lot Built 1996
Individually Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1996
Total area 10,674 SF
Lot 1.52 ac (66,211 SF)
Zoning code SD2
APN 04000652-7
UPID US43-1058730

Cap rate & NOI

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

Location

631 Martin Luther King Jr Blvd Detroit, MI 48201-2273
Detroit metro Census 522500 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
$673k
Blend (final) Blend
$770k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2011
Price N/A

Zoning & alternative use

SD2 · Detroit, MI
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)…

General category MIXED_USE
Top alternative use upside
Commercial (general) $975,000 +44.9%
Restaurant $975,000 +44.8%
Neighborhood: shopping center $810,000 +20.2%

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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