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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Grocery and convenience stores
1024 Ecorse Rd, Ypsilanti, MI 48198-5851
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-5057449
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Total area
4,798 SF
Lot
0.65 ac (28,314 SF)
APN
K -11-10-464-001
UPID
US43-5057449
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
-
Mr Bucks Check Cashing Check Cashing
-
Taxshieldservice Ypsi Accounting Firm Tax Preparation
-
ATM (Sunoco) Atm
-
Sunoco Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Golden Crown Properties LLC · 6 yrs held
Golden Crown Properties LLC
since 2020
Last sale
$606,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ypsilanti submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ypsilanti 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
$550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Change: 0% · Conversion: Moderate
COMMERCIAL (GENERAL)
$590,000
Change: 0% · Conversion: Easy
RETAIL STORES
$550,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$410,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $606k (Feb 27 2020)
Last sale anchor
$606k
Feb 27 2020
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
$123 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$637,600
Assessed 2024
Previous assessed
$621,600
+2.6% YoY
Total market value
$1,275,200
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Total area
4,798 SF
Lot
0.65 ac (28,314 SF)
APN
K -11-10-464-001
UPID
US43-5057449
Jurisdiction
WASHTENAW
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$590,000
RETAIL STORES
Est. value
$550,000
WAREHOUSE, STORAGE
Est. value
$410,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Heating
FORCED AIR
Lot
0.65 ac
Current owner
From public records · entity-resolved
Golden Crown Properties LLC
Entity
Mailing address
1024 ECORSE RD, YPSILANTI, MI 48198-5851
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
$606,000
Golden Crown Properties LLC
USA Investment LLC
Warranty Deed
$370,000 · Centennial Bank
Sep 22, 2014
$375,000
USA Investment LLC
Irsam Holdings LLC
Quit Claim Deed
related
—
Sep 17, 2008
$951,975
Irsam Holdings LLC
Sheriff Of Washtenaw County
Trustees Deed
related
—
Apr 5, 2006
—
H Automotive
Superior Investments
Quit Claim Deed
related
—
Nov 29, 2001
—
Superior Investments LLC
H & F Automative LP
Quit Claim Deed
related
—
Oct 30, 2001
$275,000
H LP
Albarazi,eiman & Fiadi
Grant Deed
—
Dec 26, 2000
$139,500
Albarazi,eiman
Albertie,roger & Kay
Trustees Deed
—
Sep 9, 1994
$170,000
Abdo N Wasel
Albertie,roger K
Grant Deed
—
—
—
Irsam Holdings LLC
—
Deed Of Trust
related
$430,400 · Michelle Jawad
—
—
Irsam Holdings LLC
—
Deed Of Trust
related
$300,000 · Main Street Bank
—
—
H & F Automotive Ltd
—
Deed Of Trust
related
$270,000 · Ann Arbor Commerce Bank
—
—
Superior Investments LLC
—
Deed Of Trust
related
$1,300,068 · Private Lender
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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