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Property profile & analytics
OFF-MARKET
Estimated value
$220,000
Retail space
1210 Sumpter Rd Van Buren Township, MI 48111-2935
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0085754
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
8,769 SF
Lot
0.53 ac (23,087 SF)
Zoning code
C LOC
APN
83 112 02 0001 001
UPID
US43-0085754
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
$220k
Owner & transaction history
Paula Rae Butzin · 2 yrs held
Paula Rae Butzin
since 2023
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
C LOC · Van Buren Township, 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 Van Buren Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Van Buren Township 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
$220,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$220k
Range $198k – $242k · ±10% · vs last sale $200k (Aug 14 2023)
Last sale anchor
$200k
Aug 14 2023
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
$25 / 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
$5,660
Tax year 2023
Assessed value
$112,400
Assessed 2024
Previous assessed
$108,800
+3.3% YoY
Effective rate
5.04%
On assessed value
Total market value
$224,800
Applied tax rate
82,430.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Stories
1
Total area
8,769 SF
Lot
0.53 ac (23,087 SF)
Zoning code
C LOC
APN
83 112 02 0001 001
UPID
US43-0085754
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C LOC · Van Buren Township, MIZoning C LOC · permitted uses
C LOC · Van Buren Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Paula Rae Butzin
Individual
Free & Clear · 2 yrs held
Mailing address
49025 WILLIS RD, BELLEVILLE, MI 48111-9390
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 14, 2023
—
Paula Rae Butzin
Paula Rae Butzin
Intrafamily Transfer
related
—
Jan 4, 2022
$200,000
Paul Keehl
Paula Butzin
Land Contract
$200,000 · Not Available
Jan 4, 2022
—
Paula Butzin
Michael W Butzin
Intrafamily Transfer
related
—
Aug 8, 2014
—
Warren Butzin
Butzin,deborah Y
Quit Claim Deed
related
—
May 6, 2014
—
David Wertz & Sons INC
Traskos Wanda
Quit Claim Deed
related
—
Jul 2, 2013
—
Warren Butzin
Butzin Leonard W
Quit Claim Deed
related
—
Jun 20, 2007
$165,000
Leonard Butzin
David Wertz & Sons INC
Warranty Deed
—
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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