Property profile

8425 Allen Rd Allen Park, MI 48101

OFF-MARKET
Strip malls
Property ID
US43-0394594
5,459 SF 0.34 ac lot Built 1965
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 5,459 SF
Lot 0.34 ac (14,810 SF)
Zoning code C 4
APN 30 016 01 0332 000
UPID US43-0394594

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
  • Restaurant

Location

8425 Allen Rd Allen Park, MI 48101-1429
Allen Park metro Census 576400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$501k
Blend (final) Blend
$355k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

C 4 · Allen Park, MI
General category COMMERCIAL
Top alternative use upside
Commercial (general) $600,000 +38.0%
Restaurant $565,000 +30.1%
Medical building $515,000 +18.4%

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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