New search
Property profile & analytics
FOR SALE
High-rise multifamily apartments
8200 E Jefferson Ave 90-808, Detroit, MI 48214
Entity Owned
Free & Clear
Property ID
US43-1226967
For Sale
1 / 12
$125,000
8200 E Jefferson Ave,Unit 90-808, Detroit, MI 48214
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1966
Total area
816 SF
Lot
0.01 ac (392 SF)
Zoning code
R6
APN
17000011.090
UPID
US43-1226967
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
Current use
Occupant on record · Public records
-
Motor City Suites Vacation Rental
-
The Store (Bike/Boat/Book/etc) Store Cosmetic Store
-
Shoreline East Condominiums Condominium Complex
-
Docrxtor Patience Med Clinics Medical Clinic
-
Watts Ruth a MD Physician
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
Grasshopper Bank N A
Grasshopper Bank N A
since 2026
Last sale
$115,000
5 recorded transactions
Zoning & alternative use
R6 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 2020Property tax & assessments
Tax year 2020
Tax billed
$3,646
Tax year 2020
Assessed value
$72,100
Assessed 2024
Previous assessed
$66,200
+8.9% YoY
Effective rate
5.06%
On assessed value
Total market value
$144,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
For Sale
Year built
1966
Heating
FORCED AIR
Buildings
1
Bathrooms
2
Total area
816 SF
Lot
0.01 ac (392 SF)
Zoning code
R6
APN
17000011.090
UPID
US43-1226967
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R6 · Detroit, MI
Zoning R6 · permitted uses
R6 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Buildings
1
Bathrooms
2
Lot
0.01 ac
Current owner
From public records · entity-resolved
Grasshopper Bank N A
Entity
Free & Clear · 0 yrs held
Mailing address
8200 E JEFFERSON AVE APT #808, DETROIT, MI 48214-2681
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
$50,000
Grasshopper Bank N A
Lisa Stevenson
Deed
related
—
Oct 3, 2025
$3,200
Local Investments LLC
Lisa Stevenson
Quitclaim Deed
related
—
Nov 16, 2022
$115,000
Lisa Stevenson
Noel D Johnson
Warranty Deed
—
Mar 19, 2021
—
Noel Depaul Johnson
—
Deed
related
$71,700 · Wells Fargo Bank NA
Dec 11, 2017
$73,000
Neel D Johnson
Suzzon S Brockenwilch
Warranty Deed
$69,350 · Ross Mortgage Corp
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.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
