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Property profile & analytics
FOR LEASE
Strip malls
15201 Dix Toledo Rd Southgate, MI 48195
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1674340
For Lease
1 / 2
Contact for pricing
15201 Dix Toledo Rd, Southgate, MI 48195
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
58,476 SF
Lot
5 ac (217,800 SF)
Zoning code
C-2 GEN BUS
APN
53 021 99 0006 002
UPID
US43-1674340
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
-
Royce Gracie Jiu-Jitsu Academy of Michigan Sports School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.77M
Blend (final)
Blend
$4.77M
Owner & transaction history
Southgate Galleria LP · 9 yrs held
Southgate Galleria LP
since 2016
2 recorded transactions
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.4M
+38.0%
Restaurant
$6.1M
+30.1%
Office building
$5.7M
+22.1%
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
NEIGHBORHOOD: SHOPPING CENTER
$4,655,000
Current use
COMMERCIAL (GENERAL)
$6,425,000
Change: +38% · Conversion: Easy
RESTAURANT
$6,055,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$5,680,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$5,505,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$4,455,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,195,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.77M
Range $4.29M – $5.25M · ±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
$82 / 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
$147,431
Tax year 2023
Assessed value
$2,053,300
Assessed 2024
Previous assessed
$1,934,700
+6.1% YoY
Effective rate
7.18%
On assessed value
Total market value
$4,106,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1988
Heating
FORCED AIR
Stories
1
Total area
58,476 SF
Lot
5 ac (217,800 SF)
Zoning code
C-2 GEN BUS
APN
53 021 99 0006 002
UPID
US43-1674340
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 GEN BUS · Southgate, MIZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$6.4M
RESTAURANT
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1988
Heating
FORCED AIR
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Southgate Galleria LP
Entity
Mailing address
31000 NORTHWESTERN HWY STE #200, FARMINGTON HILLS, MI 48334-2586
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2016
—
Southgate Galleria LP
—
Deed
related
$3,400,000 · Michigan First Cu
—
—
Southgate Galleria LP
—
Deed Of Trust
related
$3,400,000 · Michigan First Cu
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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