Property profile

8311 Jefferson Ave Detroit, MI 48214

OFF-MARKET
Assisted living facilities
Property ID
US43-1354400
8,981 SF 0.34 ac lot Built 1912
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1912
Total area 8,981 SF
Lot 0.34 ac (14,810 SF)
Zoning code B4
APN 17000060.
UPID US43-1354400

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
  • Social Service Agency Medical Clinic
  • Medical Clinic

Location

8311 Jefferson Ave Detroit, MI 48214-2730
Detroit metro Census 515400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.40M

Owner & transaction history

since 2024
Last sale
$2.4M
1 recorded transaction
2024
$2.4M

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

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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