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    Property profile & analytics

    7311 Park Ave Allen Park, MI 48101-1902

    • Office buildings
    • 1,272 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $115,000
    Last Sale
    Apr 12, 2024
    $105,000
    Location Intelligence
    Property ID
    US43-1738416
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rasam Zaid, Realtor / Real Estate Agency
    • Waisons Realty / Real Estate Agency
    • Abe Sharif Realtor® / Real Estate Agency / Commercial Real Estate Agency

    Property Details for 7311 Park Ave

    Year built
    1966
    Lot size
    0.05 lot acres
    Property size
    1,272 SF
    Zone code
    C 2
    Property type
    Office buildings
    APN
    30 012 04 0175 002
    APU
    30012040175002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $125,000
      6.5%
      $140,000
      7%
      $130,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $130,000
      Geo Method
      $135,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $120,000
      Mixed-Use
      $125,000
      Hospitality
      $130,000
      Educational
      $140,000
      Residential Income
      $115,000
      Energy
      $130,000
      Income-Based Land
      $150,000
      Food Service
      $115,000

    Location Insight

    • Map
    • Local Demand
    City
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2092
    Latitude
    42.2538
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,272
    $0.00
    $0.00
    $47,700
    -
    $0.00
    $0.00
    $95,400

    Comparable in this City

    • Value Estimation by Request
      1,310 SF

      6655 Allen Rd

      OFFICE BUILDING • 1,310 SF
      6655 Allen Rd, Allen Park, MI 48101-2003
      View Details
    • Value Estimation by Request
      1,126 SF

      16621 Southfield Rd

      OFFICE BUILDING • 1,126 SF
      16621 Southfield Rd, Allen Park, MI 48101-2551
      View Details
    • Value Estimation by Request
      1,360 SF

      17150 Ecorse Rd

      OFFICE BUILDING • 1,360 SF
      17150 Ecorse Rd, Allen Park, MI 48101-2454
      View Details
    • Value Estimation by Request
      1,890 SF

      17000 Ecorse Rd

      OFFICE BUILDING • 1,890 SF
      17000 Ecorse Rd, Allen Park, MI 48101-2452
      View Details
    • Value Estimation by Request
      3,280 SF

      6613 Park Ave

      OFFICE BUILDING • 3,280 SF
      6613 Park Ave, Allen Park, MI 48101-2031
      View Details
    • Value Estimation by Request
      2,000 SF

      6715 Park Ave

      OFFICE BUILDING • 2,000 SF
      6715 Park Ave, Allen Park, MI 48101-2033
      View Details

    Similar Nearby for Sale

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      2,300 SF

      Allen Park Mixed-Use Building

      3-Unit Building, Updated, High Exposure
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    • Contact for pricing
      58,730 SF

      High-Quality Flex Building For Sale

      Flex building with high-bay and office spaces, ample parking.
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    Similar Nearby for Lease

    • $6 SF/Yr
      13,105 SF

      Class A Office Space Available

      Office suites for rent in Fairlane Business Park.
      1000 Republic Dr, Allen Park, MI 48101
      View Details
    • $40 SF/Yr
      6,485 SF

      Allen Park Plaza Retail Space

      Modern Retail Space, Excellent Location
      3169 Fairlane Dr, Allen Park, MI 48101
      View Details
    • $2,500 /Mo
      4,453 SF

      Allen Park Medical Building Available

      Renovated medical building with a unit available for lease.
      19100 Goddard Rd, Allen Park, MI 48101
      View Details
    • $24 SF/Yr
      14,550 SF

      Allen Park Coworking Space Available

      1,500 SF Coworking Office, Allen Park, MI
      8338 Allen Rd, Allen Park, MI 48101
      View Details
    • $5 SF/Yr
      67,751 SF

      Fairlane Business Park: Allen Park

      Modern Industrial Space For Lease in Allen Park, MI
      17225 Federal Dr, Allen Park, MI 48101
      View Details
    • $375 /Mo

      Renovated Office Space Available

      Ready-to-use office with shared amenities in Allen Park.
      19306 Office 1, Allen Park, MI 48101
      View Details
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    7311 Park Ave
    Allen Park, MI 48101-1902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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