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    10955 Allen Rd Allen Park, MI 48101-1141
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    Property profile & analytics

    10955 Allen Rd Allen Park, MI 48101-1141

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    • Grocery and convenience stores
    • 1,998 SF
    • 0.52 lot acres
    Off-Market
    Last Sale Sep 25, 2023
    $800,000
    Property ID
    US43-1782891
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    2.6%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Marathon Gas / Grocery & Convenience Store

    Property Details for 10955 Allen Rd

    Year built
    1968
    Lot size
    0.52 lot acres
    Property size
    1,998 SF
    Zone code
    C 4
    Property type
    Grocery and convenience stores
    APN
    30 029 99 0004 000
    APU
    30029990004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $430,000
      6.5%
      $400,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $455,000
      Market price range: $246k - $745k
      AI Estimate
      $455,000
      Market price range: $246k - $745k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allen Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2294
    Latitude
    42.2279
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,805
    $0.00
    $0.00
    $161,100
    -
    $0.00
    $0.00
    $322,200

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      5248 Allen Rd

      CONVENIENCE STORE • 1,296 SF
      5248 Allen Rd, Allen Park, MI 48101-2922
      View Details
    • Value Estimation
      $670,000
      1,920 SF

      15700 Southfield Rd

      CONVENIENCE STORE • 1,920 SF
      15700 Southfield Rd, Allen Park, MI 48101-2514
      View Details
    • Value Estimation
      $635,000
      2,006 SF

      15500 Southfield Rd

      CONVENIENCE STORE • 2,006 SF
      15500 Southfield Rd, Allen Park, MI 48101-2647
      View Details
    • Value Estimation by Request
      2,040 SF

      Liquor Store In Wayne County

      Restaurants • 2,040 SF
      0 Liquor Store In Wayne County, Allen Park, MI 48101
      View Details
    • Value Estimation
      $725,000
      2,190 SF

      9121 Allen Rd

      CONVENIENCE STORE • 2,190 SF
      9121 Allen Rd, Allen Park, MI 48101-1435
      View Details
    • Value Estimation by Request
      1,858 SF

      19350 Ecorse Rd

      CONVENIENCE STORE • 1,858 SF
      19350 Ecorse Rd, Allen Park, MI 48101-2262
      View Details

    Similar Nearby for Sale

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      Updated Super Market Building For Sale

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      5,820 SF

      Updated Super Market Building For Sale

      Updated commercial building operating as a Super Market, move-in condition.
      14730 Champaign Rd, Allen Park, MI 48101
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      Updated Super Market Building For Sale

      Updated 5,820 sqft commercial building, currently a Super Market.
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    • $2,275,000
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      Drive-Thru Krispy Kreme Investment Property

      NNN leased Krispy Kreme in Detroit MSA.
      15050 Southfield Rd, Allen Park, MI 48101
      View Details
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      Fairlane Drive Retail Opportunity

      Retail spaces available on Fairlane Drive, Allen Park, MI.
      3100-3392 Fairlane Dr, Allen Park, MI 48101
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      1,296 SF

      Automotive Sales and Detailing Property

      Well-maintained automotive sales and detailing property in Allen Park, MI.
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    Similar Nearby for Lease

    • Contact for pricing
      5,750 SF

      Retail Space in Fairlane Green

      Retail space available in a premier Metro Detroit shopping center.
      3310 Fairlane Dr, Allen Park, MI 48101
      View Details
    • Contact for pricing
      4,650 SF

      Retail Space in Allen Park

      Retail space available in premier Metro Detroit shopping center.
      3424 Fairlane Dr, Allen Park, MI 48101
      View Details
    • Contact for pricing

      Allen Park Retail Space Available

      Retail space for lease in Allen Park, Michigan.
      23111 W Outer Dr, Allen Park, MI 48101
      View Details
    • $6,000 /Mo

      High-Exposure Retail/Office Space Available

      6000 sqft space with high traffic on Southfield Rd.
      6530 Allen Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing

      Allen Park Retail/Office Space

      Retail and office spaces available for lease in Allen Park.
      5236 Allen Rd, Allen Park, MI 48101
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      3565 Fairlane Dr, Allen Park, MI 48101
      View Details

    Property Visit Statistics

    • Visits by month
      8.7k
    • Visitors by month
      6.4k
    • Avg Time on site
      4 min
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    Allen Park, MI 48101-1141
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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