Property profile

7441 7th Mile Rd Detroit, MI 48221

OFF-MARKET
Medical Office Space
Property ID
US43-1337586
1,683 SF 0.21 ac lot Built 1949
Entity Owned 30-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1949
Total area 1,683 SF
Lot 0.21 ac (9,148 SF)
Zoning code B1
APN 16008574.
UPID US43-1337586

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
  • Medical Clinic Physician
  • Physician Medical Clinic
  • Home Appliance Store Hardware & Home Improvement
  • Physician Medical Clinic

Location

7441 7th Mile Rd Detroit, MI 48221-2123
Detroit metro Census 538600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

B1 · Detroit, MI
Zoning description

esidential District. (6) R6 High Density Residential District. (Code 1984, § 61-7-2; Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1)…

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7441 7th Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message