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Property profile & analytics
OFF-MARKET
Commercial real estate
1375 Michigan Ave, Saline, MI 48176-8730
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1443056
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Lot
0.64 ac (27,878 SF)
Zoning code
SPA-1
APN
18-12-31-470-037
UPID
US43-1443056
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
-
Jalisco Mexican Restaurant and Cantina Restaurant
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
Cancun Property 3 LLC · 3 yrs held
Cancun Property 3 LLC
since 2023
7 recorded transactions
Zoning & alternative use
SPA-1 · Saline, 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 Saline submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saline 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 2019Property tax & assessments
Tax year 2019
Tax billed
$28,907
Tax year 2019
Assessed value
$489,000
Assessed 2024
Previous assessed
$516,900
-5.4% YoY
Effective rate
5.91%
On assessed value
Total market value
$978,000
Applied tax rate
18.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Lot
0.64 ac (27,878 SF)
Zoning code
SPA-1
APN
18-12-31-470-037
UPID
US43-1443056
Jurisdiction
WASHTENAW
Zoning & alternative use
SPA-1 · Saline, MI
Zoning SPA-1 · permitted uses
SPA-1 · Saline, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saline. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Lot
0.64 ac
Current owner
From public records · entity-resolved
Cancun Property 3 LLC
Entity
Mailing address
8863 CONTINENTAL DR, TAYLOR, MI 48180-3094
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
Feb 21, 2023
—
Cancun Property 3 LLC
Ruby Tuesday Operations LLC
Deed
$617,500 · Jpmorgan Chase Bank NA
Jul 16, 2021
—
Ruby Tuesday Operations LLC
—
Deed
related
$30,000,000 · Tcw Asset Management Co LLC
May 25, 2021
—
Ruby Tuesday Operations LLC
RT Detroit Franchise LLC
Warranty Deed
—
Oct 14, 2020
—
RT Detriot Franchise LLC
—
Deed
related
$18,500,000 · Goldman Sachs Specialty Lending Group LP
Jan 24, 2018
—
RT Detroit Franchise LLC
—
Grant Deed
related
$127,500,000 · Goldman Sachs Specialty Lndg
Nov 4, 2003
$465,000
RT Detroit Franchise LLC
Sep-9 LLC
Grant Deed
—
—
—
RT Detroit Franchise LLC
—
Deed Of Trust
related
$360,000 · Ge Capital Franchise Finance
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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