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Property profile & analytics
OFF-MARKET
Commercial land
110 Rayson St, Northville, MI 48167-1219
Entity Owned
17-yr Hold
Absentee Owner
Property ID
US43-4704759
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Total area
1,062 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CBD
APN
48 001 04 0665 000
UPID
US43-4704759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mts Properties LLC · 17 yrs held
Mts Properties LLC
since 2008
7 recorded transactions
Zoning & alternative use
CBD · Northville, MI
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 Northville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,651
Tax year 2023
Assessed value
$79,900
Assessed 2024
Previous assessed
$82,600
-3.3% YoY
Effective rate
2.07%
On assessed value
Total market value
$159,800
Applied tax rate
82,390.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
2
Total area
1,062 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CBD
APN
48 001 04 0665 000
UPID
US43-4704759
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Northville, MI
Zoning CBD · permitted uses
CBD · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Mts Properties LLC
Entity
Mailing address
25015 PORTSMOUTH AVE, NOVI, MI 48374-3169
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
B M B Investments LLC
—
Deed
related
$4,200,000 · First State Bank
Jun 20, 2023
—
Bmb Investments LLC
—
Deed
related
$473,925 · First State Bank
Sep 11, 2008
$500,000
Mts Properties LLC
Bress,james J & Shereyl D
Warranty Deed
—
Sep 11, 2008
$586,900
Bmb Investments LLC
Mts Properties LLC
Warranty Deed
$560,000 · Flagstar Bank Fsb
Sep 11, 2008
—
James J Bress
Raycen Group LLC
Quit Claim Deed
related
—
May 30, 2008
—
Raycen Group LLC
Bress,james J & Shereyl D
Grant Deed
—
—
—
Bmb Investments LLC
—
Deed Of Trust
related
$50,000 · Nstar Community Bank
—
—
Bmb Investments LLC
—
Deed Of Trust
related
$400,000 · Nstar Community Bank
—
—
Bmb Investments LLC
—
Deed Of Trust
related
$75,000 · Main Street Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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