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Property profile & analytics
OFF-MARKET
Turn key restaurants
15099 Northline Rd Southgate, MI 48195-2484
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1790111
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Total area
2,594 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C-2 GEN BUS
APN
53 010 03 0001 000
UPID
US43-1790111
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
-
Caesars Coney and Grill of Southgate 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
Kassem Ent LLC · 11 yrs held
Kassem Ent LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-2 GEN BUS · Southgate, 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 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,080
Tax year 2023
Assessed value
$182,400
Assessed 2024
Previous assessed
$173,700
+5.0% YoY
Effective rate
7.72%
On assessed value
Total market value
$364,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,594 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C-2 GEN BUS
APN
53 010 03 0001 000
UPID
US43-1790111
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.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Kassem Ent LLC
Entity
Mailing address
429 DELAFORD CT, CANTON, MI 48188-6262
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Nov 6, 2014
—
Kassem Ent LLC
Kassem,amal
Quit Claim Deed
related
—
Nov 6, 2014
$350,000
Kassem Ents LLC
Northline Real Estate LLC
Grant Deed
$322,000 · Michigan First Cu
Dec 18, 2012
—
Amal Kassem
Kassem,mouhamad
Quit Claim Deed
related
—
Sep 7, 2012
—
Kassem Ents LLC
Northline Real Estate LLC
Grant Deed
—
—
—
Kassem Ent LLC
—
Deed Of Trust
related
$296,000 · Community Choice Cu
—
—
Kassem Ent LLC
—
Deed Of Trust
related
$25,000 · Steven W & Carolyn A Joyner
—
—
Northline Real Estate LLC
—
Deed Of Trust
related
$172,000 · Comerica Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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