Property profile

8600 Woodward Ave Detroit, MI 48202

OFF-MARKET
Medical Office Space
Property ID
US43-1567284
14,817 SF 0.62 ac lot Built 1957
Entity Owned 20-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1957
Total area 14,817 SF
Lot 0.62 ac (27,007 SF)
Zoning code B4
APN 01004333.
UPID US43-1567284

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
  • Physician
  • Physician
  • Foster Care Service Social Service Agency
  • Physician Medical Clinic
  • Physician

Location

8600 Woodward Ave Detroit, MI 48202-2142
Detroit metro Census 511900 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
$934k
Blend (final) Blend
$1.07M

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) $1.4M +44.9%
Restaurant $1.4M +44.8%
Neighborhood: shopping center $1.1M +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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