Property profile

651 Grand Blvd Detroit, MI 48207

OFF-MARKET
Assisted living facilities
Property ID
US43-4219535
6,680 SF 0.38 ac lot Built 1913
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1913
Total area 6,680 SF
Lot 0.38 ac (16,553 SF)
Zoning code R5
APN 15008037-8
UPID US43-4219535

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 Retirement Community

Location

651 Grand Blvd Detroit, MI 48207-3512
Detroit metro Census 519300 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
by Request
Blend (final) Blend
$730k

Owner & transaction history

since 2023
Last sale
$606,000
2 recorded transactions
2023
Price N/A
2023
$606,000

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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