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Property profile & analytics
OFF-MARKET Estimated value $4,365,000
Strip malls

1500 Sheldon Rd Plymouth, MI 48170-4262

40,335 SF 3.14 ac lot Built 1968
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US43-1700481
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1968
Total area 40,335 SF
Lot 3.14 ac (136,778 SF)
Zoning code ARC
APN R-78-057-99-0001-005
UPID US43-1700481
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
  • Jersey Mike's Subs Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.36M
Blend (final) Blend
$4.37M
Owner & transaction history
Essco Dev-plymouth LLC · 9 yrs held
Essco Dev-plymouth LLC
since 2017
7 recorded transactions
2023
Price N/A
2018
Price N/A
2017
Price N/A
2014
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
ARC · Plymouth, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

language on drive-through uses in the ARC Zoning District could be used as a model. • Eliminate requirement for full service islands or attendant filling services in “Automobile service stations/automobile convenience marts” regulations. • Consider eliminating the prohibition on kitchen or cooking facilities in guest rooms for motels and hotels, since extend…

Zone name Ann Arbor Road Corridor
General category UNKNOWN
Zone area 19.56 ac
Top alternative use upside
Commercial (general) $4.4M +38.0%
Restaurant $4.2M +30.1%
Office building $3.9M +22.1%
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