Property profile

988 Adams Rd Birmingham, MI 48009

OFF-MARKET
Office buildings
Property ID
US43-1457870
4,275 SF 0.26 ac lot Built 1957
Individually Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Total area 4,275 SF
Lot 0.26 ac (11,326 SF)
Zoning code BI
APN 08-19-36-285-008
UPID US43-1457870

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
  • Law Firm
  • Insurance Agency
  • HVAC Service General Contractor
  • Law Firm Security Service
  • Language School

Location

988 Adams Rd Birmingham, MI 48009-7011
Birmingham metro Census 152900 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
$713k
Blend (final) Blend
$650k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2004
Price N/A

Zoning & alternative use

BI · Birmingham, MI
Top alternative use upside
Commercial (general) $755,000 +50.2%
Retail stores $720,000 +43.9%
Medical building $675,000 +34.6%

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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