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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Investment properties
1234 Frd Ave, Wyandotte, MI 48192-3893
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4959699
Property summary
AI-generated overview
This exceptional commercial property at 1234 Ford Ave, Wyandotte, MI 48192, offers a rare opportunity to acquire prime executive office space. Located in Wayne County's thriving B-1 Neighborhood Business District, this building boasts a total of 8,721 square feet, with 1,850 square feet currently vacant and available for immediate occupancy. The property is zoned B-1, allowing for a variety of commercial uses. Multiple tenancy options are available, with suites ranging from a minimum of 725 square feet to a maximum contiguous space of 1,125 square feet, providing flexibility for businesses of various sizes. The building features 14 convenient parking spaces for tenants and clients. The property's address is 1234 Ford Ave, and its APN is 57 006 05 0120 000. This is a fantastic opportunity to establish or expand your business in a vibrant and accessible location. The property is currently offered for sale. This is a retail and office space, specifically categorized as executive office and commercial. The property is ideal for businesses seeking a well-located, versatile, and modern workspace in the heart of Wyandotte.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Total area
8,721 SF
Lot
0.29 ac (12,632 SF)
APN
57 006 05 0120 000
UPID
US43-4959699
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
$660k
Blend (final)
Blend
$660k
Owner & transaction history
Gerald Group LLC · 2 yrs held
Gerald Group LLC
since 2023
5 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 Wyandotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyandotte 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,060,000
Current use
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$76 / 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
$9,374
Tax year 2023
Assessed value
$220,900
Assessed 2024
Previous assessed
$205,400
+7.5% YoY
Effective rate
4.24%
On assessed value
Total market value
$441,800
Applied tax rate
82,170.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
FORCED AIR
Buildings
2
Stories
2
Total area
8,721 SF
Lot
0.29 ac (12,632 SF)
APN
57 006 05 0120 000
UPID
US43-4959699
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
Heating
FORCED AIR
Stories
2
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Gerald Group LLC
Entity
Free & Clear · 2 yrs held
Mailing address
19424 GERALD ST, NORTHVILLE, MI 48167-2517
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$101,500
Gerald Group LLC
Jennifer Oswald
Quit Claim Deed
related
—
Nov 10, 2023
—
Jennifer Oswald
Ronald Blaze Janiszewski
Quit Claim Deed
related
—
Nov 6, 2023
$61,000
Gerald Group LLC
Sharon Kay Eilers
Quit Claim Deed
related
—
Aug 6, 2020
—
Ronald B Janiszewski
Ronald B Janiszewski
Quit Claim Deed
related
—
May 5, 2015
—
Ronald B Janiszewski
Janiszewski Joan E
Quit Claim Deed
related
—
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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