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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Turn key restaurants
12914 Michigan Ave, Dearborn, MI 48126-3552
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1253022
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1942
Total area
3,705 SF
Lot
0.09 ac (3,920 SF)
Zoning code
BC
APN
82 10 171 21 008
UPID
US43-1253022
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
$706k
Blend (final)
Blend
$1.04M
Owner & transaction history
12918 Michigan Avenue Property LLC · 1 yrs held
12918 Michigan Avenue Property LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
BC · Dearborn, 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 Dearborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dearborn 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
$1,100,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.00M (Sep 23 2024)
Last sale anchor
$1.00M
Sep 23 2024
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
$279 / 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
$15,828
Tax year 2023
Assessed value
$264,300
Assessed 2024
Previous assessed
$254,800
+3.7% YoY
Effective rate
5.99%
On assessed value
Total market value
$528,600
Applied tax rate
82,030.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1942
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,705 SF
Lot
0.09 ac (3,920 SF)
Zoning code
BC
APN
82 10 171 21 008
UPID
US43-1253022
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
BC · Dearborn, MI
Zoning BC · permitted uses
BC · Dearborn, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dearborn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
12918 Michigan Avenue Property LLC
Entity
Mailing address
12958 MICHIGAN AVE, DEARBORN, MI 48126-3552
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$1,000,000
12918 Michigan Avenue Property LLC
Naim Saad
Warranty Deed
$750,000 · Dfcu Financial
Jul 8, 2020
$1,000,000
12918 Michigan Avenue Property LLC
12918 Michigan Avenue LLC
Warranty Deed
—
Jun 4, 2020
$232,500
Michigan Avenue LLC
Monroe Bank & Trust
Warranty Deed
—
Mar 20, 2020
—
12918 Michigan Avenue Property LLC
—
Deed
related
$773,500 · Chemical Bank
Sep 26, 2018
$195,000
Joseph S Daly
12918 Michigan Avenue LLC
Warranty Deed
—
Dec 15, 2015
$500,000
12918 Michigan Avenue LLC
Melissa Dearborn Property LLC
Warranty Deed
$350,000 · Hantz Bk
Dec 21, 2012
$325,000
Melissa Dearborn Property LLC
Zaphiriou,betty L
Warranty Deed
—
Oct 12, 2010
—
Melissas Dearborn Prop LLC
Hashem,melissa
Quit Claim Deed
related
—
Sep 14, 2010
—
Melissa Hashem
Zaphiriou,james G & Betty L
Grant Deed
—
Feb 25, 2009
—
James A Zaphiriou
Zaphiriou,diamond A
Quit Claim Deed
related
—
Mar 8, 2004
—
Diamond A Zaphiriou
Zaphiriou,diamond
Quit Claim Deed
related
—
—
—
Melissa Dearborn Property LLC
—
Deed Of Trust
related
$375,000 · Hantz Bank
—
—
Melissa Dearborn Property LLC
—
Deed Of Trust
related
$65,000 · Haidar Bilal N (es)
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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