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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Grocery and convenience stores
11 8th Mile Rd, Hazel Park, MI 48030-2501
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-3590227
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Total area
2,914 SF
Lot
0.28 ac (12,197 SF)
Zoning code
BI
APN
28-25-36-359-001
UPID
US43-3590227
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
-
MARATHON Gas Station
-
Brownie's Muffler Service Inc. Auto Repair Shop
-
GetCoins Bitcoin ATM Atm
-
New Orleans Famous Chicken and Seafood Restaurant Take-out & Catering
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$570k
Owner & transaction history
Atmigas LLC · 5 yrs held
Atmigas LLC
since 2020
Last sale
$473,308
7 recorded transactions
Zoning & alternative use
BI · Hazel Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$515,000
+4.4%
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 Hazel Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazel Park 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
$585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$480,000
7%
$450,000
Alternative Use
Use
Estimation
RETAIL STORES
$490,000
Current use
COMMERCIAL (GENERAL)
$515,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$460,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $473k (Oct 7 2020)
Last sale anchor
$473k
Oct 7 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
$196 / 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
Tax billed
$30,206
Tax year 2023
Assessed value
$329,730
Assessed 2024
Previous assessed
$326,970
+0.8% YoY
Effective rate
9.16%
On assessed value
Total market value
$659,460
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
2,914 SF
Lot
0.28 ac (12,197 SF)
Zoning code
BI
APN
28-25-36-359-001
UPID
US43-3590227
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Hazel Park, MI
Zoning BI · permitted uses
BI · Hazel Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hazel Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$515,000
MEDICAL BUILDING
Est. value
$460,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Atmigas LLC
Entity
Mailing address
11 E 8TH MILE RD, HAZEL PARK, MI 48030-2501
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
—
Marib LLC
—
Deed
related
—
Oct 7, 2020
$473,308
Atmigas LLC
Bmh Realty LLC
Warranty Deed
$400,000 · First National Bank In Howell
Dec 9, 2013
$473,308
Bmh Realty
Ibrahim,mubarak
Warranty Deed
—
Dec 20, 2006
$587,500
Ibrahim Mubarak
Business Loan Center LLC
Deed
$500,000 · Business Loan Center LLC
Jun 6, 2006
$1,001,747
Business Loan Center LLC
Sheriff Of Oakland County
Trustees Deed
related
—
Jun 17, 1999
$125,000
8 Mile John R Enterprises LLC
Georges Investment INC
Grant Deed
$944,000 · N B D Bank NA
—
—
8 Mile John R Enterprise LLC
—
Deed Of Trust
related
$1,050,000 · Allied Capital Sblc Corp
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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