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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Retail space
14024 Ft St Southgate, MI 48195-1268
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0378913
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Total area
8,800 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C-2 GEN BUS
APN
53 018 03 0193 001
UPID
US43-0378913
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
-
United Steel Workers Retirees Advocacy Group
-
Atheer Fawzi-Jassim Dental Office
-
Dr. Nawras Najor Dental Office
-
Amazon dental Dental Office
-
Great Expressions Dental Centers - Southgate-Fort St. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$925k
Owner & transaction history
Adg LLC · 3 yrs held
Adg LLC
since 2022
3 recorded transactions
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+44.2%
Restaurant
$910,000
+36.0%
Office building
$855,000
+27.5%
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 Southgate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southgate 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
RETAIL STORES
$670,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: +44% · Conversion: Easy
RESTAURANT
$910,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$855,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$830,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$630,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$105 / 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
$12,551
Tax year 2023
Assessed value
$291,400
Assessed 2024
Previous assessed
$263,400
+10.6% YoY
Effective rate
4.31%
On assessed value
Total market value
$582,800
Applied tax rate
82,405.0000
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
1953
Heating
FORCED AIR
Stories
1
Total area
8,800 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C-2 GEN BUS
APN
53 018 03 0193 001
UPID
US43-0378913
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Zoning C-2 GEN BUS · permitted uses
C-2 GEN BUS · Southgate, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southgate. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$965,000
RESTAURANT
Est. value
$910,000
OFFICE BUILDING
Est. value
$855,000
MEDICAL BUILDING
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
Year built
1953
Heating
FORCED AIR
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Adg LLC
Entity
Free & Clear · 3 yrs held
Mailing address
902 CARNEGIE CTR STE #520, PRINCETON, NJ 08540-6531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Adg LLC
Ajd Fort Street LLC
Lease
—
Feb 11, 2022
—
Adg LLC
Scf Rc Funding III LLC
Lease
—
Dec 9, 2019
$225,000
Southfield Medical & Dental Ct
Local 2659 Usw Afl-cio Social
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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