Property profile

8230 Frst Ave Detroit, MI 48214

OFF-MARKET
Medical Office Space
Property ID
US43-1699928
16,600 SF 0.56 ac lot Built 1974
Entity Owned Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1974
Total area 16,600 SF
Lot 0.56 ac (24,394 SF)
Zoning code B4
APN 17000555-9
UPID US43-1699928

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
  • Housing Development
  • Foster Care Service Social Service Agency
  • Big Box & Wholesale Store
  • Foster Care Service Social Service Agency
  • Foster Care Service Social Service Agency

Location

8230 Frst Ave Detroit, MI 48214-1156
Detroit metro Census 516000 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
$1.05M
Blend (final) Blend
$1.20M

Owner & transaction history

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.5M +44.9%
Restaurant $1.5M +44.8%
Neighborhood: shopping center $1.3M +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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