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Property profile & analytics
OFF-MARKET
Estimated value
$4,665,000
Automotive properties
15600 Eureka Rd Southgate, MI 48195-2624
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1742708
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1968
Total area
45,735 SF
Lot
6.92 ac (301,435 SF)
Zoning code
C-3 THOROFARE
APN
53 016 99 0048 000
UPID
US43-1742708
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
-
gmps-dick-genthe Car Dealership Auto Repair Shop
-
Factory Car Service Repairs Downriver Auto Repair Shop
-
Dick Genthe Chevrolet, INC. Car Dealership Auto Repair Shop
-
Chevrolet Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.67M
Blend (final)
Blend
$4.67M
Owner & transaction history
Eureka Holdings LLC · 2 yrs held
Eureka Holdings LLC
since 2023
2 recorded transactions
Zoning & alternative use
C-3 THOROFARE · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+53.1%
Restaurant
$4.7M
+44.3%
Office building
$4.4M
+35.4%
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
AUTO REPAIR, GARAGE
$3,280,000
Current use
COMMERCIAL (GENERAL)
$5,025,000
Change: +53% · Conversion: Moderate
RESTAURANT
$4,735,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$4,440,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$4,305,000
Change: +31% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,640,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$3,485,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$4.67M
Range $4.20M – $5.13M · ±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
$102 / 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
$116,997
Tax year 2023
Assessed value
$1,830,600
Assessed 2024
Previous assessed
$1,710,500
+7.0% YoY
Effective rate
6.39%
On assessed value
Total market value
$3,661,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Stories
1
Total area
45,735 SF
Lot
6.92 ac (301,435 SF)
Zoning code
C-3 THOROFARE
APN
53 016 99 0048 000
UPID
US43-1742708
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-3 THOROFARE · Southgate, MI
Zoning C-3 THOROFARE · permitted uses
C-3 THOROFARE · 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
AUTO REPAIR, GARAGE Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RESTAURANT
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1968
Heating
FORCED AIR
Stories
1
Lot
6.92 ac
Current owner
From public records · entity-resolved
Eureka Holdings LLC
Entity
Mailing address
15600 EUREKA RD, SOUTHGATE, MI 48195-2624
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
—
Eureka Holdings LLC
—
Deed
related
$4,250,000 · Jpmorgan Chase Bank NA
Jan 5, 2012
—
Eureka Holdings LLC
—
Deed Of Trust
related
$3,423,655 · J P Morgan Chase 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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