Technical
Financial
Distress signals
Property profile

911 9th Mile Rd Ferndale, MI 48220

OFF-MARKET
Medical Office Space
Property ID
US43-1808578
8,364 SF 1.07 ac lot Built 1980
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Total area 8,364 SF
Lot 1.07 ac (46,609 SF)
APN 24-25-26-355-029
UPID US43-1808578

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
  • Pediatrician Physician
  • Pediatrician Physician
  • Physician
  • Physician

Location

911 9th Mile Rd Ferndale, MI 48220-1934
Ferndale metro Census 173000 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
$797k
Blend (final) Blend
$725k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2013
$650,000
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.5M +180.0%
Commercial (general) $765,000 +44.9%
Restaurant $765,000 +44.8%

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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