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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Office buildings
8325 Jefferson Ave Detroit, MI 48214-2797
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-1541121
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Total area
6,488 SF
Lot
0.33 ac (14,375 SF)
Zoning code
B4
APN
17000061.
UPID
US43-1541121
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
-
SKN x lash by Lexi lu Hair Salon Nail Salon
-
Supreme Tax Service Accounting Firm Tax Preparation
-
The Collective Home Decor Store Department Store
-
HUE Nail Color Consulting Nail Salon
-
Golden Touch Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$735k
Owner & transaction history
Berkery Estates LLC
Berkery Estates LLC
since 2025
5 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$915,000
+128.9%
Commercial (general)
$590,000
+48.1%
Restaurant
$590,000
+48.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$915,000
Change: +129% · Conversion: Easy
COMMERCIAL (GENERAL)
$590,000
Change: +48% · Conversion: Easy
RESTAURANT
$590,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$450,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
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
$6,055
Tax year 2020
Assessed value
$217,300
Assessed 2024
Previous assessed
$194,600
+11.7% YoY
Effective rate
2.79%
On assessed value
Total market value
$434,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1936
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
6,488 SF
Lot
0.33 ac (14,375 SF)
Zoning code
B4
APN
17000061.
UPID
US43-1541121
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RESTAURANT
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
RETAIL STORES
Est. value
$450,000
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1936
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Berkery Estates LLC
Entity
Free & Clear · 0 yrs held
Mailing address
41800 W 11TH MILE RD STE #209, NOVI, MI 48375-1818
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 7, 2025
—
Berkery Estates LLC
Kennedys Construction LLC
Warranty Deed
—
Feb 26, 2024
$2,402,376
7850 9 1 Limited Dividend Hsng Assn
Gdc East Jefferson LLC
Warranty Deed
—
May 12, 2023
$575,000
Kennedys Construction LLC
Kennedy S Construction LLC
Warranty Deed
related
—
Apr 26, 2022
—
Barbara Anne Wynder
Barbara Anne Wynder
Intrafamily Transfer
related
—
Jun 14, 2013
$42,000
White Glove Prof Cleaning INC
Planned Parenthood Mid & South
Warranty Deed
$50,000 · Planned Parenthood Mid & South
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.
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